rlh
Sonesta Launches Global Hotel Franchising Organization
Sonesta | March 31, 2021
Positioned to Grow Current Base of Approximately 1,200 Franchised and Managed Hotels and Leading Brands Across Multiple Customer Segments Brian Quinn Appointed as Sonesta Franchising’s Chief Development Officer Newton, MA – March 31, 2021 – Sonesta International Hotels Corporation (Sonesta) today announced the launch of its renewed global hotel franchising organization. Less than ten days after completing its acquisition of RLH Corporation, Sonesta is now one of the largest hotel companies, with approximately 1,200 franchised and managed properties. The company offers a complete platform of franchise services, hotel operations, and f...
RLHC Completes Sale of Hotel RL Salt Lake City for $33 Million
RLH Coporation | December 23, 2019
The Company expects to complete the sale of the remaining two hotels by the end of Q1 2020 RLH Corporation (NYSE:RLH) announced that it has closed on the sale of its Hotel RL Salt Lake City for $33 million in gross proceeds. The Hotel RL Salt Lake City was held in a joint venture with a secured debt agreement for a term loan principal of $11.0 million. RLHC will receive approximately $12.0 million in net proceeds after closing costs, the repayment of property level mortgage debt and distributions to its joint venture partner. Net proceeds to RLHC will be used to retire corporate level term debt of $2.4 million, while the remain...
RLH Corporation Promotes Paul Sacco to Executive Vice President, President of Global Development
RLH Corporation | June 19, 2018
DENVER (June 19, 2018) — RLH Corporation (NYSE:RLH) announced today the promotion of Paul Sacco to Executive Vice President, President of Global Development. Since joining RLH Corporation, Sacco has had tremendous success developing and growing the Company's upscale brands. In his new role, Sacco will oversee all franchise growth efforts for RLH Corporation brands worldwide, with a focus on organic growth. Sacco joined RLH Corporation in September, 2017. In his role, he oversaw development of the Company's upscale brands including 10 new franchise license agreements with hotels owned by affiliates of Inner Circle Investments; the ...
RLH Corporation Closes Sale of Red Lion Inn & Suites Bend for $5.5 Million
RLH Corporation | April 19, 2018
DENVER (April 19, 2018) — RLH Corporation (NYSE:RLH) announced today the sale of Red Lion Inn & Suites Bend for $5.5 million. The hotel marks the sixth of 11 hotels being marketed for sale previously disclosed in October 2017. All hotels, including Red Lion Inn & Suites Bend have signed franchise license agreements to retain their RLH Corporation brand. RLH Corporation's total gain on the sales is expected to be approximately $2 million, and $3.8 million of the proceeds of the sales were used for debt repayment at the closing. Together with the other five previously announced sales, RLH Corporation's gain of sales is appro...
Red Lion Hotels Impacted by Sabre Data Security Incident
RLH Corporation | July 17, 2017
SPOKANE, Wash., July 17, 2017 -- RLH Corporation (NYSE:RLH) has been informed by one of its independent hotel reservation service providers, Sabre Hospitality Solutions ("Sabre"), that an unauthorized party accessed one of Sabre's systems, that permitted access to certain guest information for some hotel reservations present in the Sabre system between August 10, 2016 and March 9, 2017. Reservations at RLH Corporation branded hotels that were potentially impacted by this incident were limited to the following hotels: Americas Best Value Inn, Canadas Best Value Inn, Jameson, Lexington, Signature Inn, Country Hearth, 3 Palms...
