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MarketScreener Homepage  >  Equities  >  Nyse  >  Red Lion Hotels Corporation    RLH

RED LION HOTELS CORPORATION

(RLH)
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Red Lion Hotels : RLH Corporation Launches GuestHouse Extended Stay

10/13/2020 | 02:01pm EST

DENVER, Oct. 13, 2020 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE:RLH) (“RLHC” or “the Company”) has relaunched GuestHouse International as GuestHouse Extended Stay, targeting its efforts to meet the demand for longer-term stays with an upper-economy offering ideally suited for conversions. The concept will feature streamlined housekeeping services, community-centric guest amenities, and right-sized brand standards designed to maximize owner return on investment.

“Despite the extraordinary drop in travel demand our industry is experiencing due to the pandemic, one hotel segment continues to perform significantly better under pressure, and that is extended stay,” said John Russell, CEO of RLH Corporation. Given the statistics, along with the need for extended stay hotels from groups such as construction crews, essential workers, corporate training candidates and families with long-term medical treatments, Russell said, “we had a major opportunity to transform our GuestHouse brand into an upper-economy extended stay model set up for future success due to the resilient nature of the segment.”

Featuring low flat fees that let owners keep more of what they earn, GuestHouse Extended Stay incorporates an owner-first mindset with flexible property improvement plans and brand requirements. GuestHouse Extended Stay properties will include a minimum of 10% of rooms with full kitchenettes with the remaining guestrooms having modified mini kitchenettes, making conversions from non-extended stay or suites concepts achievable for nearly all properties. Through modular guestroom upgrade options created by RLHC and attractive vendor pricing, owners will face minimum downtime and conversion costs.

The brand’s impactful and cost-effective room packages feature a crisp, contemporary feel suitable for any environment, blackout modern window treatments, refreshed art packages, a dining table that can be used for working and eating, and one soft seating element for extra comfort during long stays. Each GuestHouse Extended Stay will feature an in-lobby marketplace with fresh snacks and beverages and a food delivery partnership through a major meal delivery service. “Comforts of Home” amenities will be available, including optional complimentary bikes, board games, and blenders for guest use. All GuestHouse Extended Stay properties will offer laundry facilities at no charge to guests and will encourage guests to keep their routine with an onsite gym or complimentary passes to a local gym.

Not only is the demand for extended stay hotels high with travelers, but demand is also high for hotel owners and developers. With six new build opportunities and 15 conversion prospects in the pipeline in areas such as southeast Texas, Arizona, Florida, and Washington state, the Company is enthusiastic about the numerous opportunities on the horizon. “We want to give hotels owners an opportunity to step out and differentiate themselves within their markets and be successful with an innovative, adaptable, and conversion-friendly extended stay model,” said Harry Sladich, EVP of Lodging Development & Franchise Operations. The Company plans to identify communities where the extended stay product is underrepresented, particularly within major metropolitan areas, and welcomes interest from all owners looking for an alternative to garner not only an increased market share, but higher RevPAR.

To learn more about franchising with RLH Corporation, visit franchise.rlhco.com. We don’t wait for the future. We create it. 

About RLH Corporation 
RLH Corporation is an innovative hotel company focused on the franchising of 8 brands – Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, Signature Inn, GuestHouse, Americas Best Value Inn, Canadas Best Value Inn and Knights Inn. The Company maximizes return on invested capital for hotel owners across North America through relevant brands, industry-leading technology, and forward-thinking services. For more information, please visit the company’s website at www.rlhco.com.

Social Media: 
www.Facebook.com/myhellorewards
www.Twitter.com/myhellorewards
www.Instagram.com/myhellorewards
www.Linkedin.com/company/rlhco

Media Contact:
FINN Partners
212-561-6454
rlhcorp@finnpartners.com

Investor Relations Contact:
Evelyn Infurna
Investor Relations 
203-682-8265 
investorrelations@rlhco.com 


RLHC Logo.jpg

Source: RLHC (Red Lion Hotels Corporation)

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2020 51,3 M - -
Net income 2020 -20,2 M - -
Net Debt 2020 - - -
P/E ratio 2020 -4,33x
Yield 2020 -
Capitalization 88,1 M 88,1 M -
Capi. / Sales 2020 1,72x
Capi. / Sales 2021 1,74x
Nbr of Employees 285
Free-Float 91,4%
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Mean consensus HOLD
Number of Analysts 1
Average target price 3,50 $
Last Close Price 3,46 $
Spread / Highest target 1,16%
Spread / Average Target 1,16%
Spread / Lowest Target 1,16%
EPS Revisions
Managers and Directors
NameTitle
John J. Russell Chief Executive Officer
R. Carter Pate Chairman
Gary A. Kohn Chief Financial Officer, Treasurer & Executive VP
John Edwards Chief Information Officer & Senior Vice President
Joseph B. Megibow Independent Director