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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Red Lion Hotels Sells And Franchises Pendleton Property

SPOKANE, Wash., April 4, 2013 /PRNewswire/ -- Red Lion Hotels Corporation (NYSE: RLH) today announced the company has sold for $2.25 million the Red Lion Hotel Pendleton in Oregon.

(Logo: http://photos.prnewswire.com/prnh/20130131/SF52243LOGO)

"The sale of this property allows us to further invest in our owned hotels while we continue to leverage the Red Lion name in this market," said Jon E. Eliassen, President and Chief Executive Officer of Red Lion Hotels Corporation. "We are pleased that each of our property sales in the past 22 months has resulted in a new franchise agreement."

The full service hotel has 170 rooms, a restaurant, 10,500 square feet of meeting and banquet space and an outdoor pool with a view of the Blue Mountains. Located at 304 SE Nye Avenue, just off of I-84, the hotel is one mile from the city center and minutes from Pendleton Airport. Nearby attractions include the Pendleton Underground Tours, Pendleton Woolen Mills, the Umatilla Indian Reservation and Wildhorse Golf Course.

"Red Lion has a long history in the Pendleton community," said Ron Burgett, Executive Vice President of Lodging and Brand Development for Red Lion Hotels Corporation. "The new owners of this property will continue to build on that legacy."

The company purchased the Red Lion Hotel Pendleton as part of the November 2011 purchase of 10 previously-leased properties from iStar Financial. 

About Red Lion Hotels Corporation: Red Lion Hotels Corporation is a hospitality and leisure Company primarily engaged in the franchising, ownership and operation of hotels under its Red Lion Hotel, Red Lion Inn & Suites and Leo Hotel Collection brands. As of December 31, 2012, the RLH hotel network was comprised of 48 hotels located in nine states and one Canadian province, with 9,015 rooms and 484,693 square feet of meeting space. The Company also owns and operates an entertainment and event ticket distribution business. For more information, please visit the Company's website at www.redlion.com.

Social Media www.Facebook.com/RedLionHotels  www.Twitter.com/RedLionHotels  www.YouTube.com/RedLionHotels



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,933.93 -149.87 -0.88%
S&P 500 1,978.19 -9.79 -0.49%
NASDAQ 4,447.5990 -24.5090 -0.55%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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