RLH Corporation Closes Acquisition of the Knights Inn Brand From Wyndham Hotel Group

OTO Development | May 16, 2018

DENVER (May 16, 2018) — RLH Corporation (NYSE:RLH) today announced that it closed its acquisition of the Knights Inn brand from Wyndham Hotel Group, LLC a subsidiary of Wyndham Worldwide (NYSE:WYN). As a result of the acquisition, the Company acquired approximately 350 economy segment franchise contracts across North America and a pipeline of additional contracts. The acquisition is another step in RLH Corporation's transformation into an asset-light franchised hotel company. The Company expects the transaction will be immediately accretive to the Company's earnings and cash flow. "We are enthusiastic to have closed the acqui...