reports
RLH Corporation Announces Agreement to be Acquired by Sonesta Internat...
RLH Corporation Announces Agreement to be Acquired by Sonesta International Hotels for $3.50 Per Share in Cash; Transaction Valued at Approximately $90 Million DENVER, Dec. 30, 2020 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE: RLH) (“RLH” or “Red Lion”), the 10th-largest US-based hotel franchise company serving a large segment of American consumers, today announced that it has entered into a definitive merger agreement (“Merger Agreement” or “agreement”) with Sonesta International Hotels Corporation (“Sonesta”) under which RLH will be acquired by Sonesta in an all-cash transaction valued at...
RLH Corporation Reports Third Quarter 2020 Results
RLH Corporation Reports Third Quarter 2020 Results Year-Over-Year Franchisee Retention Improved 33%Launched GuestHouse Extended Stay Brand DENVER, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (“RLHC,” “Red Lion,” the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation that franchises midscale and economy hotels, today reported third quarter 2020 results and provided an update regarding financial and operational activities. Third Quarter Financial Results Red Lion reported a net loss of $(3.1) million, or $(0.12) per share compared to a net l...
RLH Corporation Announces Date of Third Quarter 2020 Financial Results...
RLH Corporation Announces Date of Third Quarter 2020 Financial Results and Conference Call DENVER, Nov. 02, 2020 (GLOBE NEWSWIRE) -- (NYSE:RLH) announced today that it will release its third quarter 2020 results on Wednesday, November 4, 2020 after market close. Red Lion’s senior management team plans to host a webcast and conference call to review its financial results at 9:00 a.m. ET the following day, Thursday, November 5, 2020. WEBCAST INFORMATION The live webcast can be accessed through the Investor Relations section of the Company’s website /events-and-presentations/events. ...
- MarketLine Department
Santa Fe Financial Corp - Strategy, SWOT and Corporate Finance Report
Summary Santa Fe Financial Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Santa Fe Financial Corp (Santa Fe Financial), a subsidiary of InterGroup Corp operates a hotel and apartments. The company operates a luxury hotel under the brand name of Hilton San Fr...
RLH Corporation Reports Second Quarter 2020 Results
RLH Corporation Reports Second Quarter 2020 Results During the First Half of the Year Reduced Terminations by 22% from the Prior Year and Signed 92 Franchise Agreements Including 19 New DENVER, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (“RLHC”, “Red Lion”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy hotels, today reported second quarter 2020 results and provided an update regarding financial and operational activities. Second Quarter Financial Results Red Lion reported a net loss of ($4.0) million, or ($...
RLH Corporation Announces Date of Second Quarter 2020 Financial Result...
RLH Corporation Announces Date of Second Quarter 2020 Financial Results and Conference Call DENVER, July 30, 2020 (GLOBE NEWSWIRE) -- (NYSE:RLH) announced today that it will release its second quarter 2020 results on Wednesday, August 5, 2020 after market close. Red Lion’s senior management team plans to host a webcast and conference call to review its financial results at 9:00 a.m. ET the following day, Thursday, August 6, 2020. WEBCAST INFORMATION The live webcast can be accessed through the Investor Relations section of the Company’s website /events-and-presentations/events. The C...
RLH Corporation Appoints John Russell Chief Executive Officer
RLH Corporation Appoints John Russell Chief Executive Officer DENVER, June 09, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), today announced John J. Russell, Jr., has been appointed Chief Executive Officer. Mr. Russell, an industry veteran with more than 40 years of hospitality experience, has been serving as RLHC’s interim CEO since December 3, 2019. Carter Pate, Chairman of the Board stated, “We are very pleased to be appointing John as Red Lion’s permanent CEO. Since joining RLHC, John has helped refocus the Company on supporting its franchisee ...
RLH Corporation Appoints Gary A. Kohn Chief Financial Officer
RLH Corporation Appoints Gary A. Kohn Chief Financial Officer DENVER, June 01, 2020 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE:RLH) announced today the appointment of Gary A. Kohn as its Executive Vice President, Chief Financial Officer effective May 29, 2020. Mr. Kohn brings to Red Lion more than 30 years of experience in finance, accounting, investor relations, treasury and strategy. Mr. Kohn has been serving as a consultant to Red Lion since May 18, 2020. Mr. Kohn will be responsible for overseeing all financial aspects of the Company, including financial planning and analysis, accou...
Red Lion Hotel Corporation Announces CFO Departure
Red Lion Hotel Corporation Announces CFO Departure Engages Gary Kohn, Former Chief Financial Officer, as Consultant to Oversee Financial Processes DENVER, May 15, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), announced today that its current Chief Financial Officer Nate Troup is leaving the Company to join Twilio (NYSE:TWLO) as its Vice President, Global Controller. Mr. Troup’s last day with the Company will be May 29, 2020. RLHC has engaged Gary A. Kohn, a financial consultant with extensive public company chief financial officer experience, to suppo...
RLH Corporation Reports First Quarter 2020 Results and Provides COVID-...
RLH Corporation Reports First Quarter 2020 Results and Provides COVID-19 Update DENVER, May 08, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy hotels, today reported first quarter 2020 results and provided an update regarding financial and operational activities in light of the ongoing COVID-19 pandemic. First Quarter Highlights Closed the quarter with $37.8 million in cash and cash equivalents, no corporate debt, and only $5.6 million in debt secured by our h...
Red Lion Hotels Corporation to Host Virtual 2020 Shareholders Meeting ...
Red Lion Hotels Corporation to Host Virtual 2020 Shareholders Meeting May 19, 2020 DENVER, May 07, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation, doing business as RLH Corporation (NYSE: RLH) announced today that, in light of continuing public health concerns related to the COVID-19 pandemic, its Annual Meeting of Shareholders will be held on May 19, 2020 in virtual format only. In person attendance at the Annual Meeting by shareholders will not be permitted. Shareholders can participate in the virtual meeting online at , meeting password: red2020. Shareholders of record...
RLH Corporation Releases Hotel Cleanliness Standards
RLH Corporation Releases Hotel Cleanliness Standards The Company Adapts to New Normal for Hospitality Industry DENVER, May 06, 2020 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE: RLH) (“RLHC” or “the Company”) announced today enhanced cleanliness recommendations for its 1,000+ independently owned and operated hotels. In light of the COVID-19 pandemic, the Company has released guidelines and resources to franchisees and licensees urging them to adopt vigilant cleanliness and sanitation practices to ensure positive guest experiences at any of their 8 brands. Hotel cleanliness recommendation...
RLH Corporation Announces Date of First Quarter 2020 Financial Results...
RLH Corporation Announces Date of First Quarter 2020 Financial Results and Conference Call DENVER, May 04, 2020 (GLOBE NEWSWIRE) -- (NYSE:RLH) announced today that it will release its first quarter 2020 results on Friday, May 8, 2020 before the open of the market. Red Lion’s senior management team plans to host a webcast and conference call to review its financial results at 9:00 a.m. ET the same day. WEBCAST INFORMATION The live webcast can be accessed through the Investor Relations section of the Company’s website . The Company encourages use of the webcast due to potential extende...
RLH Corporation Pledges to Keep Our Country Moving during COVID-19 Pan...
RLH Corporation Pledges to Keep Our Country Moving during COVID-19 Pandemic The Company Offers 50% Discount on Room Rates to Aid Essential Workers during Unprecedented Crisis DENVER, April 15, 2020 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE:RLH) (“RLHC” or “the Company”) announced today the launch of “Keep Our Country Moving,” a program aimed to assist and relieve critical workforces and first responders whose jobs require them to leave home during the COVID-19 pandemic. The Company - encompassing some of the continent’s most value-conscious brands - understands the necessity of assisti...
RLH CORPORATION ANNOUNCES ORGANIZATIONAL CHANGES; IMPLEMENTS REDUCTION...
RLH CORPORATION ANNOUNCES ORGANIZATIONAL CHANGES; IMPLEMENTS REDUCTION IN FORCE AND OTHER COST SAVINGS; PROVIDES OPERATIONAL UPDATE RELATED TO COVID-19 Company to Hold Investor Conference Call April 6, 2020 DENVER, April 02, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy hotels, today announced a series of organizational changes and cost cutting measures including changes to senior management, a reduction in force and the closing of the Company’s Spokane offic...
RLH Completes Sale of Red Lion Hotel Anaheim for $21.5 Million
RLH Completes Sale of Red Lion Hotel Anaheim for $21.5 Million DENVER, March 02, 2020 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE:RLH) announced today that it has closed on the sale of its Red Lion Hotel Anaheim for $21.5 million in gross proceeds. Red Lion Hotel Anaheim was wholly owned by the Company and unencumbered by a mortgage. Proceeds after broker fees and customary closing costs will be used to repay the $10 million credit facility. The remaining funds of $10.8 million will be used to fund franchise growth opportunities and for general business purposes. This transaction marks t...
RLH Corporation Reports Fourth Quarter and Year-End 2019 Results
RLH Corporation Reports Fourth Quarter and Year-End 2019 Results DENVER, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), a hospitality company doing business as RLH Corporation which franchises midscale and economy hotels, today reported fourth quarter and year-end 2019 results. Fourth Quarter Highlights Net loss attributable to RLH Corporation for the fourth quarter of 2019 was $(8.1) million or $(0.32) per share compared to $(7.4) million or $(0.30) per share in the prior year period. In the fourth quarter of 2019, the Company recorded an $8....
RLH Corporation Announces Date of Fourth Quarter 2019 Financial Result...
RLH Corporation Announces Date of Fourth Quarter 2019 Financial Results and Conference Call DENVER, Feb. 21, 2020 (GLOBE NEWSWIRE) -- (NYSE:RLH) announced today that it will release its fourth quarter 2019 results on Thursday, February 27, 2020 before market open. Red Lion’s senior management team plans to hold a conference call to discuss these results at 9:00 AM Eastern Time the same day. To participate in the conference call, please dial the following number 10 minutes prior to the scheduled time: (877) 407-8289. International callers should dial (201) 689-8341. This conference call ...
RLH Corporation Goes Back to Basics in 2020Â
RLH Corporation Goes Back to Basics in 2020 Relationship building, a focus on franchisees, and lodging development are at the forefront of refreshed corporate strategy DENVER, Jan. 31, 2020 (GLOBE NEWSWIRE) -- (NYSE:RLH) (“RLHC” or “the Company”) today announced a strategic plan to go “back to basics” in 2020 and beyond with a renewed commitment to franchisees and a tactical focus on growth opportunities. With a refreshed outlook, RLHC is approaching the next months with a focus on what matters most to its franchisees: the evaluation and implementation of common sense brand standards...
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