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January 19, 2011

Red Lion to Sell US Hotels

Red Lion Hotels is to sell two US hotels, Red Lion Hotel Fifth Avenue Seattle and the Red Lion Hotel Denver Southeast. The divestment is part of the group's strategy to enhance and expand the Red Lion brand, strengthen financially and increase shareholder value, the company said.

By cms admin

Red Lion Hotels is to sell two US hotels, Red Lion Hotel Fifth Avenue Seattle and the Red Lion Hotel Denver Southeast.

The divestment is part of the group’s strategy to enhance and expand the Red Lion brand, strengthen financially and increase shareholder value, the company said.

The 297-room Red Lion Hotel Fifth Avenue Seattle features 4,572m² of meeting, conference, convention and banquet space.

Red Lion Hotel Denver Southeast has 478 guest rooms, including 29 suites, an updated fitness centre, an outdoor heated pool and 7,620m² of function space, including 16 meeting rooms.

The hotel group plans to structure the Seattle transaction so it can continue to manage the hotel under the Red Lion brand.

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