>Red Lion Hotels Reports Fourth Quarter and Full Year 2009 Results

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>SPOKANE, WA, February 16, 2010 – Red Lion Hotels Corporation (NYSE: RLH), a western U.S.-based owner of midscale and upscale hotels, today announced its results for the fourth quarter and full year ended December 31, 2009.
Highlights:

•Fourth quarter RevPAR for owned and leased hotels decreased 7.2%, a sign of slowing RevPAR declines

•Fourth quarter occupancy held steady year-over-year

•2009 EBITDA was $27.6 million before special items, down $3.8 million year-over-year despite a $22.2 million revenue decline

•The Company completed amendments to its credit facility that modified covenants and increased financial flexibility

•The Company recognized an impairment charge of $8.7 million

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