Red Lion Hotels Corporation
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| Public | |
| Traded as | : RLH |
| Industry | Hospitality, Hotels |
| Founded | 1937 (as Goodale & Barbieri Company) Spokane, Washington, U.S. |
| Headquarters | Spokane, Washington, U.S. |
|
Area served
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United States, Canada |
|
Key people
|
Greg Mount (President & CEO) |
| Revenue |
 US$142.92 million (2015) |
 US$13.88 million (2015) |
|
|
US$2.7 million (2015) |
|
| Total assets |
US$287.22 million (2015) |
| Total equity |
US$167.60 million (2015) |
|
Number of employees
|
1,783 (2015) |
| Subsidiaries |
Vantage Hospitality GuestHouse International Hotel RL Red Lion Hotels |
| Website | www |
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 also operates an entertainment and event ticket distribution division, TicketsWest.
Red Lion, headquartered in Spokane, Washington, has 73,200 rooms across more than 1,100 properties (as of October 2016) in North America.
The company originated as a property management and commercial development company when it was founded in Spokane, Washington in 1937 under the name Goodale & Barbieri Company. In 1976, Goodale & Barbieri acquired the River Inn in Spokane, launching the company into the hotel business. The Cavanaughs brand name was later created in 1980 for its hotel operations. By 1987, the company established a computerized event ticketing company, G&B Select A Seat, which is now known as TicketsWest.
Preparing for an Initial Public Offering, Goodale & Barbieri Company adopted its hotel brand into its corporate identity in 1997, changing its name to Cavanaughs Hospitality Corporation. The IPO was completed in April 1998, and Cavanaughs began trading under the ticker CVH. By the end of 1999, Cavanaughs announced it would acquire its regional rival, Seattle-based WestCoast Hotels, Inc. with transaction closing on January 7, 2000. On March 1, 2000, the combined company began trading under the new ticker, WEH. 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.
In addition to the expanded hotel portfolio following the acquisition of WestCoast, the company also announced plans to franchise properties under its brand.
By 2001, the company grew again; this time by announcing it would acquire the Red Lion Hotels and Inns brand and properties (along with several other DoubleTree properties) from Hilton Hotels. 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. In September 2005, further realizing the revitalization of the Red Lion name, WestCoast Hospitality Corporation assumed its present-day name, Red Lion Hotels Corporation.
In 2006, RLHC divested its property development operations by spinning-off that segment into an independent entity, G&B Real Estate Companies.
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Wikipedia