rlh corporation
RLH Corporation Opens Signature Inn Eugene
RLH Corporation | April 5, 2021
DENVER, CO – April 5, 2021 – RLH Corporation announced today the grand opening of their sixth Signature Inn property, the newly renovated Signature Inn Eugene, Oregon. This property will be the second of its kind in Oregon, following Signature Inn Bend which opened its doors in 2019. Formerly the Rodeway Inn Eugene, the property is an ideal stay for adventure travelers and hikers, offering them opportunities to explore the area via the nearby Willamette River and surrounding mountains. The two story, 24-room, mid-century property is built around exterior corridors and the era’s colorful design elements. While cultivating a retro-mod...
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...
Sonesta Completes Acquisition of Red Lion Hotels
Sonesta | March 18, 2021
NEWTON, Mass. - March 18, 2021 - Sonesta International Hotels Corporation (Sonesta) today announced the completion of its previously announced acquisition of RLH Corporation (NYSE: RLH). As a result, Sonesta is now one of the largest hotel companies globally with approximately 1,200 locations, more than 100,000 guest rooms, and a diversified portfolio of 15 brands across multiple market segments. Sonesta also announced that 35-year hotel industry veteran Keith Pierce is joining Sonesta as Executive Vice President, President of Franchise & Development effective March 18, 2021. John J. Russell, Jr., Chief Executive Officer of RLH, ...
RLH Corporation Opens Americas Best Value Inn & Suites in Kingwood/Humble, Texas
RLH Corporation | February 25, 2021
Houston, TX – February 25, 2021 – RLH Corporation (NYSE: RLH) is excited to announce the opening of its newest Americas Best Value Inn & Suites property in the Houston metropolitan area. Conveniently located in the Kingwood/Humble neighborhood, Americas Best Value Inn and & Suites Kingwood IAH Airport is only a few minutes away from the George Bush Intercontinental Airport (IAH), Kingwood Medical Center and Humble Civic Center. Just off I-69, the hotel is not only pet-friendly but also guarantees signature amenities and extra comfort the brand is known for: complimentary parking free high-speed Wi-Fi High-definition ...
Sonesta International Hotels Corporation to Acquire RLH Corporation, Creating One of The World’s Largest Hotel Companies With Diversified Brands
Sonesta | December 31, 2020
NEWTON, Mass., Dec. 31, 2020 -- Sonesta International Hotels Corporation (Sonesta) today announced that it has entered into a definitive agreement to acquire RLH Corporation (NYSE: RLH). RLH is the 10th-largest U.S.-based hotel franchise company with more than 900 hotels. After the closing of the transaction, Sonesta will become one of the largest hotel companies in the U.S. with approximately 1,200 hotels in diversified brands across multiple market segments. Sonesta also announced that upon closing of this transaction, 35-year hotel industry veteran Keith Pierce will be joining Sonesta as Executive Vice President, President of Franchi...
RLH Completes Sale of Red Lion Hotel Anaheim for $21.5 Million
RLH Corporation | March 10, 2020
DENVER, March 10, 2020 -- RLH Corporation (NYSE:RLH) announced today that it has closed on the sale of its Red Lion Hotel Anaheim for $21.5 million in gross proceeds. Red Lion Hotel Anaheim was wholly owned by the Company and unencumbered by a mortgage. Proceeds after broker fees and customary closing costs will be used to repay the $10 million credit facility. The remaining funds of $10.8 million will be used to fund franchise growth opportunities and for general business purposes. This transaction marks the final closing of four hotels announced in September 2019 as under contract to be sold. The net proceeds from these four assets af...
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 Signs With Donaldson Development Group for New-Build Red Lion Hotel in Fort Valley, Georgia
RLH Corporation | June 6, 2019
DENVER (June 6, 2019) — RLH Corporation (NYSE:RLH) announced today the signing of a franchise license agreement for a new build 110 room Red Lion Hotel and Conference Center in Fort Valley Georgia. Fort Valley is home to Fort Valley State University, a public historically black university (HBCU) and headquarters for the Blue Bird Bus Company. The hotel will offer a pool, exercise room, plaques and tributes to local civil rights/civic leaders and a business center. The development surrounding the hotel will also feature a conference center, six screen movie theater and a restaurant/bar. The hotel and surrounding offerings are being...
