Red Lion Signs Two Franchise Agreements in Greater Los Angeles Region
SPOKANE, Wash., Aug. 21, 2013 /PRNewswire/ -- Red Lion Hotels Corporation (NYSE: RLH) today announced the company will open two new locations in the Greater Los Angeles Area after signing new franchise agreements on existing hotels in Ontario and Perris, Calif.
"We are looking to expand our brand in additional markets in Southern California and these two hotels are the right fit for our portfolio," said Ron Burgett, Executive Vice President of Lodging and Brand Development for Red Lion Hotels. "Both properties will provide new stay opportunities for our Red Lion guests in a region of the country that enjoys strong brand recognition."
The first franchise agreement was signed with LFA Hotels, the owners of the former Ayres Grand Boutique Suites in Ontario, Calif. The company expects to convert the 107 room hotel within the next 60 days. Located at 204 N Vineyard Ave., approximately 35 miles directly east of downtown Los Angeles, the hotel was most recently affiliated with Magnuson.
Additionally, the development team signed an agreement with Best West LLC, the owners of the former Holiday Inn Express Perris-East in Perris, California, located at 480 S Redlands Ave., about 70 miles east of downtown Los Angeles. This facility that was built approximately six years ago, has 105 rooms, and is expected to become the Red Lion Inn & Suites Perris by the end of October.
About Red Lion Hotels Corporation:
Red Lion Hotels Corporation is a hospitality company primarily engaged in the franchising, ownership and operation of hotels located in ten states and one Canadian province. As of August 8, 2013, the company has 52 hotels system wide. The Red Lion Hotels and Red Lion Inn & Suites network is comprised of 50 hotels with 8,903 rooms and 462,135 square feet of meeting space. The Leo Hotel Collection is comprised of two hotels with 3,256 rooms and 241,000 square feet of meeting space. The company also owns and operates an entertainment and event ticket distribution business. For more information, please visit the company's website at www.redlion.com.
SOURCE Red Lion Hotels Corporation