Red Lion to Sell Seattle Hotel to Lowe Enterprises

8th May 2011 (Last Updated May 8th, 2011 18:30)

Red Lion Hotels has signed an agreement with Lowe Enterprises to sell the Red Lion Hotel on Fifth Avenue in Seattle, Washington, US for $71m. The hotel offers 297 rooms, as well as 2,787m² of meeting and banquet space. The downtown Seattle hotel will retain the Red Li

Red Lion Hotels has signed an agreement with Lowe Enterprises to sell the Red Lion Hotel on Fifth Avenue in Seattle, Washington, US for $71m.

The hotel offers 297 rooms, as well as 2,787m² of meeting and banquet space.

The downtown Seattle hotel will retain the Red Lion brand under a franchise agreement, and will be managed by Lowe’s hospitality management subsidiary Destination Hotels & Resorts.

Red Lion Hotels operates 44 hotels in eight US states and one Canadian province, and offers a total of 8,557 rooms.