[32], On 30 December 2020, it was announced, RLH will be acquired by Sonesta International Hotels Corporation. Hotel owners can franchise as either a full service Red Lion Hotel, which offer restaurant and banquet meeting space; a limited service Red Lion Inn & Suites; or under the Leo Hotel Collection, for unique, boutique or historic hotels. [8], Preparing for an initial public offering, Goodale & Barbieri Companies adopted its hotel brand into its corporate identity in 1997, changing its name to Cavanaughs Hospitality Corporation. With a focus on all the comforts of home, GuestHouse provides a relaxed space where guests can feel right at home the minute they walk through our doors. (3) Red Lion Hotels Corporation owns 55% of the member interests in this limited liability company, which wholly owns one Delaware limited liability company that wholly owns 12 limited liability companies, each of which holds one hotel property. The enclosed proxy is solicited on behalf of the Board of Directors (the “Board”) of Red Lion Hotels Corporation, a Washington corporation, for use at the 2020 Annual Meeting of Shareholders to be held 9:00 a.m. MDT on Tuesday, May 19, 2020 at Red Lion Hotels Corporation, 1550 Market Street, Suite 500, Denver, Colorado, 80202. It owns, manages and franchises hotels and owns and operates an event ticket distribution business. By 1987, the company established a computerized event ticketing company, G&B Select A Seat, which is now known as TicketsWest. Subsidiary: Fate: Acquired by Red Lion Hotels Corporation: Founded: 1999: Defunct: September 30, 2016; 4 years ago (): Headquarters [11] On March 1, 2000, the combined company began trading under the new ticker, WEH. In October 2014, RLHC announced a new upscale conversion brand, Hotel RL. Credit Agreement, dated as of May 14, 2018, by and among Red Lion Hotels Corporation, certain of the Red Lion Hotels Corporation’s direct and indirect wholly-owned subsidiaries, Deutsche Bank AG New York Branch, Capital One, National Association and Raymond James Bank, N.A. After the closing of the transaction, Sonesta will become one of the largest hotel … Each of these subsidiaries is directly or indirectly wholly owned by Red Lion Hotels Corporation. WILMINGTON, Del., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. With the brand realignment, RLHC also subdivided its economy segment into three tiers – upper economy, economy, and lower economy – and promoted its existing GuestHouse brand to the upper economy segment. To reflect its growing portfolio of brands beyond its eponymously named Red Lion Hotels chain, the company quietly rebranded itself as RLH Corporation around July 2017, though still maintaining its legal name of Red Lion Hotels Corporation. Contact RLH Corporation to learn more about what you can expect when you book your stay at one of our locally inspired hotels. Red Lion Hotels Corporation (RLH) relating to its proposed acquisition by Sonesta International Hotels Corporation. Stay Curious. Make it #worthit, Red Lion Inn & Suites opens the door to the best local experiences for travelers seeking to get the most out of their trip. Jon E. Eliassen (born c. 1947) is an American businessman, who is Chairman of the Board of Directors for the Itron Corporation, and is also a Managing Director and Principal at Terrapin Capital Group, LLC. [18]. Each of these subsidiaries is directly or indirectly wholly owned by Red Lion Hotels Corporation. Sonesta has expanded from 58 or so hotels in early 2020 to 300 or so once the Service Properties Trust\'s IHG and Marriott conversions have taken place. [28][29], On August 17, 2017, RLHC announced it had sold its TicketsWest business to Paciolan, a ticketing business which is owned by Learfield. The franchisor has launched a subsidiary, … [23], In September 2016, RLHC acquired Vantage Hospitality Group and its brands Vantage Hotels, Americas Best Value Inn, Canadas Best Value Inn, Lexington by Vantage, America's Best Inns and Suites, Country Hearth Inns, Jameson Inns, Signature Inn, and 3 Palms Hotels & Resorts. Oops! [36], RLHC operates a loyalty program called Hello Rewards with support provided within a mobile app provided by Monscierge. Item 2.04. Red Lion, headquartered in Denver, Colorado, has 90,000 rooms across more than 1,400 properties (as of May 2018)[1] in North America. The company franchises and owns more than 1,100 hotels with nearly 70,000 rooms operating under the Red Lion Hotels, Red Lion Inn & Suites, Hotel RL, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, and other brands. Red Lion Hotels Corporation's roots can be traced back to Spokane, Washington in 1937 when the property management division of Washington Trust Bank, then known as The Washington Trust Company, was established and led by a man named Frank M. Goodale. 99.2 [26] The eliminated Vantage brands competed directly with Red Lion's existing brands or had a very small footprint. (2) This corporation wholly owns four Delaware limited liability companies, each of which wholly owns one Delaware limited liability company that owns one hotel property. Offering an affordable and comfortable stay coast to coast. [12] Recognizing the broader geographic reach of the WestCoast name, Cavanaughs also changed its name to WestCoast Hospitality Corporation with the launch of its new stock ticker and announced plans to rebrand its hotels into the WestCoast name. [15] The $51 million acquisition expanded the company's footprint to every Western state, except New Mexico, and grew its portfolio to nearly 90 hotels and 15,000 rooms. All rights reserved. The retired Vantage brands and properties were reorganized into an RLHC-owned entity called the Stays Inns Collection.[27]. [3], In 1976, Goodale & Barbieri launched its hospitality division, constructing and opening its first hotel[6] near present-day Riverfront Park. [24][25], Following up on its acquisition of Vantage and its nine brands, RLHC pared down its brand lineup and positioning in May 2017 to eliminate market position overlaps and provide its franchisees the flexibility to move between brands. (2) This limited partnership is owned by Red Lion Hotels Corporation and Bellevue Inn, LLC. Each qualifying stay will earn the guest 10 Hello Bucks which can be used towards future stays with no blackouts.[37]. Red Lion Hotels Corporation is an American hospitality corporation that primarily engages in the franchising, management and ownership of upscale, midscale and economy hotels. The company focused primarily on commercial real estate and development, but expanded into housing in 1972. Hotel RL is an experience of all things authentic, creative and curious. Red Lion Hotels Corporation, doing business as RLH Corporation, is an American hospitality corporation that primarily engages in the franchising, management and ownership of upscale, mid-scale and economy hotels. If you own common stock in Red Lion Hotels Corporation and wish to obtain additional information and protect your investments free of charge, please visit … He was the President and CEO of Red Lion Hotels Corporation from January 2010 to September 2013, and was previously the CFO of Avista from 1986 to 2003.. L.O.K.D.E College You can access Sonesta here. [14], By 2001, the company grew again; this time by announcing it would acquire the Red Lion Hotels brand and properties (along with several other DoubleTree properties) from Hilton Hotels. In addition to retiring the Vantage name, the announcement eliminated five of the nine Vantage brands – keeping only Signature Inn, Americas Best Value Inn, Canadas Best Value Inn, and Country Hearth Inn & Suites. Stay between now and March 31 st and get up to 25% off. Welcome to the Red Lion Hotels Corporation dba RLH Corporation Hello Rewards Program ("Program" or "Hello Rewards"). The company franchises and owns more than 1,100 hotels with nearly 70,000 rooms operating under the Red Lion Hotels, Red Lion Inn & Suites, Hotel RL, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, and other brands. [3], Growth of its hotel operations continued into the 2010 decade. NEWTON, Mass., Dec. 30, 2020 /PRNewswire/ -- Sonesta International Hotels Corporation (Sonesta) today announced that it has entered into a definitive agreement to acquire RLH Corporation (NYSE: RLH). By October Columbia Pacific had withdrawn its offer and, shortly thereafter, the Red Lion board of directors enacted a poison pill plan, drawing the ire of Columbia Pacific which stated its belief that Red Lion should be liquidated because company-owned assets were in "excess of Red Lion's market capitalization".[39]. Red Lion Hotels Corp is a hospitality group covering upscale, midscale and economy hotels with operations spread across the United States. [2] Frank Goodale purchased the property management business from Washington Trust in 1944 and kept Barbieri on as an employee. As a result of its acquisition of Vantage Hospitality, which transformed the company's footprint from regional to national, Red Lion Hotels Corporation moved its corporate headquarters from Spokane to Denver, Colorado, in August 2017, to be more centrally located to its franchisees, partners, vendors, and two regional offices. Offering a taste of the local scene in a laid-back environment, we invite open-minded travelers to work, play and pursue their passions freely. To receive more information regarding the investigation of Red Lion Hotels Corporation please fill … That’s smart & simple. The revised logo largely maintained the fonts, colors, and design language of its former logo, but removed the words "Red Lion Hotels" and placed a visual emphasis on the "RLH" acronym that was present in its former logo by enlarging and thickening the font, as well as enlarging and darkening the red square that the acronym resides in. RLH, the Denver-based parent corporation of the Red Lion Hotels chain, is getting into the software sales business. In mid-2008 Columbia Pacific Opportunity Fund, an investment manager for the Baty family, the Seattle founders of Emeritus Corporation, submitted an unsolicited acquisition offer of $9.50 per share to acquire Red Lion. In 1991, the company briefly ventured into food production, purchasing a local Spokane dairy, Broadview Dairy, out of bankruptcy and operating it until its closure in 1997. Make it #worthit. Click here to learn how to enable. Find the latest Red Lions Hotels Corporation (RLH) stock quote, history, news and other vital information to help you with your stock trading and investing. Welcome to Americas Best Value Inn. The brands include Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, Signature and Signature Inn, GuestHouse, Americas Best Value Inn, Canadas Best Value Inn and Knights Inn. NEW YORK, Dec. 31, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Red Lion Hotels Corporation … Under the terms of the agreement, RLH shareholders will receive $3.50 in cash per share. The former headquarters office in Spokane will be maintained as a regional office along with the former headquarters of Vantage Hospitality in Coral Springs, Florida. Red Lion Hotels has 285 employees at their 1 location and $114.29 M in annual revenue in FY 2019. Offering an affordable and comfortable stay coast to coast. [33], Red Lion Hotels Corporation operates eight hotel brands within the following market segments:[34], The Franchise Segment licenses the Red Lion brand to third-party hotel owners. [9], By the end of 1999,[10] Cavanaughs announced it would acquire its regional rival, Seattle-based WestCoast Hotels, Inc. with transaction closing on January 7, 2000. [13], In addition to the expanded hotel portfolio following the acquisition of WestCoast, the company also announced plans to franchise properties under its brand. Red Lion Hotels Corporation, doing business as RLH Corporation, is an American hospitality corporation that primarily engages in the franchising, management and ownership of upscale, mid-scale and economy hotels. The company owns, operates and offers franchises under the brands of Red Lion and Leo Hotel collection. [31] The transaction closed on May 14, 2018. Later that year, after the share price increased significantly, Red Lion removed its poison pill. Plus, Hello Rewards Members get 10 bonus Hello Bucks. In April 2006, RLHC divested its real estate management business, G&B Real Estate Services, spinning it off into a separate company. Red Lion Hotels Open the door to adventure. From coast to coast, when you stay at Red Lion Hotels, you can count on warm service, restful sleep, and local knowledge you won’t find at other hotels. Cavanaughs Hospitality Corporation Closes On Transaction With Westcoast Hotels, Inc. Cavanaughs Hospitality Corporation Begins Trading Under New Symbol, Weh; Changes Name To Westcoast Hospitality Corporation, Hilton Signs Letter of Intent to Sell Red Lion Chain and Selected Doubletree Locations to Westcoast Hospitality, "Red Lion Hotels Corporate: Staking its Claim", "Red Lion Hotels Launches New Brand Image and Outlines Growth Initiatives", "Red Lion Hotels Corporation to Spin Off G&B Real Estate Services", "Red lion hotels to buy two economy, mid-scale brands", "RLHC to acquire GuestHouse, Settle Inn brands", "GuestHouse CEO reveals twist in RLHC deal", "RLHC to Acquire GuestHouse and Settle Inn", "Red Lion Hotels Corporation Enters Into Definitive Agreement to Acquire Substantially All of Vantage Hospitality Group", "Red Lion Hotels Closes Acquisition of Vantage Ahead of Schedule", "Red Lion Hotels Corporation Unveils New Alignment of Brands", "RLH Corporation Reports Second Quarter 2017 Results", "Parent of Red Lion Hotels moves corporate headquarters from Spokane to Denver", "Paciolan to Buy TicketsWest, WestCoast Ent. In conjunction with this, the company also began using a new logo that could be best described as an evolution to the old logo, rather than a wholesale rebranding. As of 2009 there were approximately 17 franchised Red Lion hotels. [38] At the time, Columbia Pacific held 12.7 percent of Red Lion. Red Lion, headquartered in Denver, Colorado, has 90,000 rooms across more than 1,400 properties (as of May 2018) in North America. [3][4] Though Barbieri went on to buy out Goodale's share in the company in 1959, he maintained the company's name.[5]. (2) Red Lion Hotels Corporation owns 55% of the member interests in this limited liability company, which wholly owns one Delaware limited liability company. It also announced its ambitions to double in size from 50 markets to 100 markets by 2010 through company-owned, joint venture, and franchised hotel openings. The Denver, Colorado-based RLH Corporation is the 10th-largest U.S.-based hotel franchise company under Red Lion Hotels, Red Lion Inn … Red Lion Hotels Corporation (RLH) operates a chain of mid-scale and full-service hotels in the Western US and Canada. Signature Inn brings back the golden age of travel and gives it a retro-modern twist for an experience that is as unique as it is comfortable. RLH Corporation is an innovative hotel company focused on the franchising of 8 brands – Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, … Goodale quickly hired Louis Barbieri, who was from nearby De Smet, Idaho and a recent business degree graduate from Gonzaga University, to work under him. From coast to coast, when you stay at Red Lion Hotels, you can count on warm service, restful sleep, and local knowledge you won’t find at other hotels. NEW YORK, Jan. 8, 2021 /PRNewswire/ — Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Red Lion Hotels Corporation (“RLH” or the “Company”) (RLH) relating to its proposed acquisition by Sonesta International Hotels Corporation. 1930s–1970s: Origins as a local property management company, 1970s–1990s: Diversification into lodging and entertainment operations, 1990s–2000s: IPO, mergers, and corporate rebrandings, Rebranding as Cavanaughs Hospitality Corporation, Merger and rebranding to WestCoast Hospitality Corporation, 2005–2016: Further rebranding, divestitures and acquisitions, 2016–present: Vantage acquisition, headquarters relocation, and refocus as a national hotel company, Cavanaughs Hospitality Corporation (1997–2000), WestCoast Hospitality Corporation (2000–2005), reliable, independent, third-party sources, Learn how and when to remove this template message, "WestCoast Hospitality Corporation History", "Form S-1 (filed as of January 20, 1998) - Cavanaughs Hospitality Corporation", Off to a Strong Start: Cavanaughs Hospitality begins trading on NYSE, Cavanaughs Hospitality Corporation and WestCoast Hotels, Inc. Agree to Form One Hotel Company. See insights on Red Lion Hotels including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. RLH, the Denver-based parent corporation of the Red Lion Hotels chain, is getting into the software sales business. [16] Capitalizing on the Red Lion brand, a majority of the company's WestCoast Hotels properties were rebranded to the Red Lion name within the two years following the acquisition.[17]. Red Lion competes in the moderate-priced, full-service segment of the lodging industry, along with Holiday Inn, Ramada. All five of Red Lion's pre-acquisition brands were maintained. This holiday season, skip the airport and save big. Red Lion Launches a Subsidiary to Sell Software to Hotels. Red Lion Hotels With a passion for local flair and adventure, Red Lion Hotels delivers all the essentials business and leisure travelers appreciate from a full-service hotel, including a diverse room selection, fitness centers, welcoming restaurants and lounges, and meeting facilities. This site requires JavaScript to be enabled in your browser. This limited partnership is owned by Red Lion Hotels Corporation and Bellevue Inn, LLC. The hotel, originally called the TraveLodge River Inn (unrelated to Travelodge), was constructed in a limited liability partnership with the Burlington Northern Railroad on a four-acre plot of land, then-utilized as a coal storage yard, that the railroad owned but no longer needed, in part because of the urban transformation and redevelopment of Spokane's riverfront for Expo '74.[7]. By the mid-1950s, Barbieri was elevated to a partner in the business, and the company formally became known as Goodale & Barbieri Companies. Welcome to Canadas Best Value Inn. Each of these subsidiaries is directly or indirectly wholly owned by Red Lion Hotels Corporation. - International Ticketing Association", "Wyndham sells Knights Inn brand to Red Lion ahead of spin-off", https://finance.yahoo.com/news/rlh-corporation-closes-acquisition-knights-213325020.html, "RLH Corporation Announces Agreement to be Acquired by Sonesta International Hotels for $3.50 Per Share in Cash; Transaction Valued at Approximately $90 Million", "Red Lion Hotels Announces Brand in Development, The Leo Hotel Collection", "LVH - Las Vegas Hotel & Casino First to Join New Leo Hotel Collection", "Hello Rewards Sign Up | Red Lion Hotels", "Seattle firm drops bid for Red Lion Hotels", Red Roof Inn / Red Roof Plus / The Red Collection, https://en.wikipedia.org/w/index.php?title=Red_Lion_Hotels_Corporation&oldid=997863732, Companies listed on the New York Stock Exchange, Hospitality companies established in 1937, 1937 establishments in Washington (state), Articles lacking reliable references from October 2017, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 January 2021, at 16:32. © 2021 RLH Corporation. 99.1 : Press Release dated May 14, 2018. Its complementary brand, Red Lion Inn & Suites competes in the moderate-priced limited-service segment of the lodging industry, along with Holiday Inn Express, Comfort Inn, and La Quinta Inns & Suites. In April 2015, RLHC acquired GuestHouse International, LLC and its two brands, GuestHouse International and Settle Inn & Suites, from Boomerang Hotels in a deal with up to $10 million. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.. On December 12, 2018, RLH DC LLC (“RLH DC”), a wholly owned subsidiary of RLS DC Venture LLC, a consolidated subsidiary of Red Lion Hotels Corporation (“RLH Corporation”) in which RLHC holds a 55% interest, and RLH Corporation… In September 2005, further realizing the revitalization of the Red Lion name, WestCoast Hospitality Corporation assumed its present-day name, Red Lion Hotels Corporation and changed its stock ticker to RLH. Stay outside ordinary. * *at participating hotels. [20][21] The acquisition more than doubled Red Lion's size from 57 properties to 130[22] properties and added 5,187 rooms to its portfolio. [19] The spun-off company was reestablished as Goodale & Barbieri Company, a nod to its historical past, and as of 2020 remains based in Spokane and led by members of the Barbieri family. Goodale & Barbieri eventually created a brand name for the company's hotel operations, launching the Cavanaughs brand in 1980. Sonesta has now decided to acquire RLH Corporation; you probably better remember them as Red Lion, with more than 900 franchised hotels for $90 million. Red Lion Hotels wants to be the leader of the pack when it comes to hotel franchising. RLH is the 10th-largest U.S.-based hotel franchise company with more than 900 hotels. The IPO was completed in April 1998, and Cavanaughs began trading under the ticker CVH. Open the door to adventure. 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