RLH Corporation Closes Sale of Hotel RL Spokane at the Park for $35 Million

RLH Corporation | July 17, 2018

DENVER (July 17, 2018) — RLH Corporation (NYSE:RLH) announced today the sale of Hotel RL Spokane at the Park, for $35 million. The hotel is the ninth of 11 hotels being marketed for sale previously disclosed in October 2017. RLH Corporation's total gain on the sale is expected to be approximately $14.8 million. Together with the other eight previously announced sales, RLH Corporation's gain on sales is approximately $42.2 million. "With the completion of the Spokane sale we have now completed nine of the 11 targeted real estate sales," said RLH Corporation President and Chief Executive Officer Greg Mount. "We continue to see stron...