This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bankruptcy Watch: 9 Risky Hotel Stocks

Stocks in this article: SNSTA HOT WYN OEH RLH GET MLP WOLF MHGC MAR H IHG

Red Lion Hotels (RLH - Get Report)

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Altman Z-Score, Trailing 12 Months: 0.96

Altman Z-Score, Last Fiscal Year: 0.84

Red Lion Hotels (RLH - Get Report)

Red Lion Hotels ranked with a troublesome Z-Score of 0.96 but the hotelier showed improvement over last year's score of 0.84.

The owner, operator and franchisor of midscale and upscale full service hotels under its namesake brand, recently voted to declassify its board of directors, meaning its board members will be up for election each year, rather than on a staggered schedule.

On May 5, Red Lion Hotels reported that total revenue was flat year-over-year at $34.3 million for its fiscal first quarter ended in March, even as net losses widened to $4.8 million, or 25 cents loss per share, from a year-ago loss of $3.4 million, or 18 cents per share.

Despite softer results, revPAR inched up 0.2% year-over-year, while ADR -- or average daily room rates -- ticked up 0.3%.

Management said sluggish group booking led to its quarterly losses.

In an effort to recapitalize its balance sheet, Red Lion Hotels has made moves to sell some of its hotel properties, including its Seattle Fifth Avenue hotel to an affiliate of Lowe Enterprises and its management company, Destination Hotels & Resorts, which will operate the hotel under a franchise agreement with Red Lion.

NEXT...

6 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs