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Red Lion Hotels Sells the 478-room Red Lion Hotel Denver
Southeast in Colorado for $13 Million

SPOKANE, Wash., Aug. 7, 2012-- Red Lion Hotels Corporation (NYSE: RLH) announced today the company has entered into a definitive agreement to sell for $13.0 million the Red Lion Hotel Denver Southeast in Colorado.

"The sale of a non-core property provides us with additional financial flexibility," said Jon E. Eliassen, President and Chief Executive Officer of Red Lion Hotels Corporation. "The proceeds from the sale of this hotel will allow us to pay down debt, enhance the competitive position of the Red Lion brand and increase shareholder value."

The sale on the property is expected to close on or before October 31 and the company does not expect the buyer to sign a franchise agreement.

The 478 room select service hotel has 25,000 square feet of meeting space and is located in the southeast metro Denver area adjacent to the light rail line. The hotel borders Cherry Creek State Park and has scenic views of the Rocky Mountains and downtown Denver. Red Lion Hotels Corporation announced in January 2012 it was listing the hotel for sale.

About Red Lion Hotels Corporation:

Red Lion Hotels Corporation is a hospitality and leisure company primarily engaged in the ownership, operation and franchising of midscale hotels under its Red Lion® brand. As of March 31, 2012, the RLH hotel network was comprised of 48 hotels located in nine states and one Canadian province, with 9,010 rooms and 452,387 square feet of meeting space.  The company also owns and operates an entertainment and event ticket distribution business. For more information, please visit the company's website at www.redlion.com.

Social Media
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Contact: 

Pam Scott
Red Lion Hotels Corporation
509-777-6393 (d)
509-570-4610 (c)
Pam.Scott@redlion.com
www.RedLion.com


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See Also: Red Lion Hotels Sells the 149-room Red Lion Colonial Hotel in Helena, Montana to Helena Colonial L.L.C. for $5.6 Million; The Hotel will Maintain the Red Lion Brand / July 2012

Red Lion Hotels Signs Franchise Agreement for Cathedral City, California Hotel; The 97-room Quality Inn & Suites Date Palm will Convert to Red Lion Hotel Cathedral City in Fall 2012 / July 2012

Ron Burgett Joins Red Lion Hotels Corporation as Executive Vice President, Brand Development / July 2012

Red Lion Hotels Offers Risk Free Meetings with Zero Attrition to Planners through 2012 / March 2012

The Former 126-room Best Western Hotel in Grants, New Mexico is Re-branded as the Red Lion Hotel Grants / December 2011

Red Lion Hotels Brand Chosen for Two Former Best Western Hotels in New Mexico; The 192-room Red Lion Hotel Farmington and the 126-room Red Lion Hotel Gallup are Now Open for Business / November 2011

Red Lion Hotels Acquires Ten Previously Leased Hotels From iStar Financial for $37 million / November 2011

Red Lion Hotels Continues Expansion in New Mexico with the Addition of the 126-room Red Lion Hotel Grants Formerly the Best Western Inn & Suites of Grants / October 2011

Red Lion Hotels Names Julie Shiflett as Executive Vice President and Chief Financial Officer / September 2011

Removing Interim Status, Red Lion Hotels Names Jon Eliassen President and Chief Executive Officer / February 2011

Red Lion Hotels Plans Sale of Two Properties; the Red Lion Hotel Fifth Avenue in Seattle and the Red Lion Hotel Denver Southeast / January 2011

Red Lion Hotels Enters into Two New Franchise Agreement in Northern California / November 2010

Red Lion Hotels Corporation Hires Dan Jackson as Senior Vice President and Chief Financial Officer / November 2010

Red Lion Hotels Expands Board of Directors; Appoints Melvin L. Keating to Board / July 2010

Red Lion Hotels Appoints Richard P. Carlson as Vice President - Lodging Development / March 2010

Directors of Red Lion Hotels Remove Anupam Narayan as Chief Executive Officer; No Reason Given / January 2010
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