>Red Lion Hotels Reports First Quarter 2010 Results

Share Button

>SPOKANE, WA, May 5, 2010 – Red Lion Hotels Corporation (NYSE: RLH), a western U.S.-based owner and franchisor of midscale hotels, today announced its results for the first quarter ended March 31, 2010.

Highlights:

RevPAR for owned and leased hotels increased 4.9% year-over-year driven by sales initiatives

ADR held steady year-over-year in spite of industry rate discounting

Occupancy increased 220 basis points year-over-year in the first quarter

EBITDA before special items was in-line with the prior year

Read More:

About the Author