RLH Corporation Closes Sale of Red Lion Hotel Templin’s on the River for $9.25 Million

RLH Corporation | May 21, 2018

DENVER (May 21, 2018) — RLH Corporation (NYSE:RLH) announced today the sale of Red Lion Hotel Templin's on the River in Post Falls, Idaho for $9.25 million. The hotel marks the seventh of 11 hotels being marketed for sale previously disclosed in October 2017. Red Lion Hotel Templin's on the River, along with all other sold hotels, has signed a franchise license agreement to retain their Red Lion brand. RLH Corporation's total loss on the sale is expected to be approximately $0.3 million, and $6.7 million of the proceeds of the sale was used for debt repayment at the closing. Together with the other six previously announced sales, ...