RLHC to Acquire GuestHouse International and Settle Inn Brands

RLHC | April 27, 2015

Transaction Provides National Footprint While More Than Doubling the RLHC Brand Network to 130 Hotels in 30 States Spokane, Wash., April 27, 2015 - RLHC (Red Lion Hotels Corporation, NYSE: RLH) announced today the company has entered into a definitive agreement to acquire the intellectual property assets and all hotel franchise license agreements of GuestHouse International, L.L.C. for $8.5 million plus a potential additional payment of up to $1.5 million. The acquisition will expand RLHC's presence across the country by adding two recognized hotel brands with 73 GuestHouse International and Settle Inn & Suites franchise license agr...