Later that year, after the share price increased significantly, Red Lion removed its poison pill. RLH Corporation is an innovative hotel company focused on the franchising of 8 brands – Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, … 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. Open the door to adventure. 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. 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. You can access Sonesta here. Stay Curious. By 1987, the company established a computerized event ticketing company, G&B Select A Seat, which is now known as TicketsWest. 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. The retired Vantage brands and properties were reorganized into an RLHC-owned entity called the Stays Inns Collection.[27]. [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. [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. Welcome to Canadas Best Value Inn. [35] The Las Vegas Hotel & Casino was the first hotel to join the Leo Collection in February 2013. After the closing of the transaction, Sonesta will become one of the largest hotel … As of 2009 there were approximately 17 franchised Red Lion hotels. All five of Red Lion's pre-acquisition brands were maintained. 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. 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). 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, headquartered in Denver, Colorado, has 90,000 rooms across more than 1,400 properties (as of May 2018)[1] in North America. [28][29], On August 17, 2017, RLHC announced it had sold its TicketsWest business to Paciolan, a ticketing business which is owned by Learfield. 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… 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]. Welcome to Americas Best Value Inn. This site requires JavaScript to be enabled in your browser. The IPO was completed in April 1998, and Cavanaughs began trading under the ticker CVH. Red Lion competes in the moderate-priced, full-service segment of the lodging industry, along with Holiday Inn, Ramada. Hotel RL is an experience of all things authentic, creative and curious. [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. The company focused primarily on commercial real estate and development, but expanded into housing in 1972. Under the terms of the agreement, RLH shareholders will receive $3.50 in cash per share. [3][4] Though Barbieri went on to buy out Goodale's share in the company in 1959, he maintained the company's name.[5]. 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. 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. Click here to learn how to enable. [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. Offering an affordable and comfortable stay coast to coast. Subsidiary: Fate: Acquired by Red Lion Hotels Corporation: Founded: 1999: Defunct: September 30, 2016; 4 years ago (): Headquarters (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. Stay outside ordinary. (2) This limited partnership is owned by Red Lion Hotels Corporation and Bellevue Inn, LLC. 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. 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