Red Lion Hotels Corporation is a hospitality company primarily engaged in the franchising, management and ownership of midscale and upscale hotels. Established in 1959, the company has more than 55 hotels system wide and also owns and operates an entertainment and event ticket distribution business. For more information, visit www.redlion.com. " />
Spokane Teachers Credit Union
Register: Facebook   Connect: Facebook
Ed Clark's How's Business?
Home   •   Archives   •   Spokane Edition   —   June 1, 2010

Advertisements

CDA - Contract Design Associates - 509-624-4220

Prime Lending

Vintage Spokane

i Heart Radio

Hold on Now

Scott Graphics

Red Lion Hotels to Acquire GuestHouse International and Settle Inn Brands

— RLHC (Red Lion Hotels Corporation) has entered into an agreement to acquire the intellectual property assets and all hotel franchise license agreements of GuestHouse International, L.L.C. for $8.5 million plus a potential additional payment of up to $1.5 million. The acquisition will expand RLHC's presence across the country by adding two recognized hotel brands with 73 GuestHouse International and Settle Inn & Suites franchise license agreements. The transaction, which is expected to close on April 30, will more than double the RLHC brand portfolio from 57 to 130 hotels in 30 states.

"This acquisition is another step in our asset-light strategy to re-invest in quality growth opportunities that leverage our pioneering technology and operating programs," said Greg Mount, RLHC President & CEO. "We plan to use our scale, network of owner relationships, and powerful digital and ecommerce platforms to improve operating performance for all GuestHouse and Settle Inn hotels."

Red Lion Hotels Corporation is a hospitality company primarily engaged in the franchising, management and ownership of midscale and upscale hotels. Established in 1959, the company has more than 55 hotels system wide and also owns and operates an entertainment and event ticket distribution business. For more information, visit www.redlion.com.

Comments

There are no comments on this story at this time. Please leave a comment below!

Leave a comment.

If you are a subscriber to the weekly email, please feel free to leave a comment!

First Name:

E-mail: (Required for subscription verification - will not be published)

Your Comment:

NOTE: Any comment containing offensive or inappropriate material will be deleted.





For more information about advertising on this newsletter, which is read by over 6,000 business people each week, please call 509-838-4080 or e-mail us at info@spokanehowsbusiness.com.

For creative, affordable, effective marketing communications that can make a difference in your business, contact The Clark Company, 509-838-4080.

Be sure to catch "How’s Business?" Friday mornings at 8:50 on KXLY News Radio 920.

register

If you'd like to register to receive How's Business? weekly in your e-mail, click here.
forward

If you know someone who'd enjoy receiving How's Business? Click here to send it to them.

Advertisements

Windermere - Marianne

NW Bach Festival

Associated Industries

i Heart Radio

The Cathay Inn

Hara Allison

advertisehere

Brought to you weekly by Ed Clark and The Clark Company

509.838.4080 - info@spokanehowsbusiness.com
30 East Sprague Avenue, Suite A
Spokane, Washington 99202