RLHC Sells and Signs Franchise Agreement on Red Lion Hotel Pocatello
New Owner to Invest in Red Lion Hotel Pocatello
RLHC (NYSE:RLH) announced today the company has sold and franchised its Red Lion Hotel Pocatello in Idaho. The new owner plans to invest in property improvements within the next few months.
"This is the twelfth franchise deal we have closed this year and we have developed a strong pipeline to close out the last quarter," said Greg Mount, President and Chief Executive Officer of RLHC. "Five out of five of the hotels we have sold in 2014 have closed with franchise deals and a commitment by each of the owners to make significant capital improvements, allowing the properties to remain with the Red Lion branding."
The Red Lion Hotel Pocatello, 1555 Pocatello Creek Road, has 150 rooms, an indoor pool, a full-service restaurant and more than 14,000 square feet of meeting space. It is located just minutes from Idaho State University and the Museum of Clean. Known for its outdoor recreation, Pocatello has miles of trails for hiking, Nordic skiing and snowmobiling, in addition to two public 18-hole golf courses.
Red Lion Hotels Corporation
About RLH Corporation
Red Lion Hotels Corporation is an innovative hotel company doing business as RLH Corporation and focuses on the franchising, management and ownership of upscale, midscale and economy hotels. The company focuses on maximizing 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.