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Red Lion Hotels Corporation Sells The Red Lion Inn Missoula
in Montana for $1.95 Million

New Owners, RASM Properties, Sign Franchise Agreement with Red Lion


SPOKANE, Wash., Feb. 21, 2013-- Red Lion Hotels Corporation (NYSE: RLH) today announced the company has sold the Red Lion Inn Missoula in Montana for $1.95 million. As part of the sale agreement, the new owners signed a franchise agreement with the company.

"We are pleased to keep this hotel in our system and that the new owners are investing in property upgrades," said Jon E. Eliassen , President and Chief Executive Officer of Red Lion Hotels Corporation. "With each of the hotels we have sold in the past year, we have also signed new franchise agreements."

The Red Lion Inn & Suites Missoula, 700 W. Broadway St., is a limited service property with 76 exterior entry rooms, located just blocks from Providence Health & Services St. Patrick Hospital, downtown Missoula and the University of Montana. Across the street from the hotel is Riverfront Park with walking and biking trails, a tennis court and fishing on the Clark Fork River. Missoula is also a whitewater rafting, hiking, golfing and hunting destination.

"This property is in a great location and Red Lion has a good name in Missoula," said Sam Hossain of RASM Properties, LLC, new owners of the hotel. "We look forward to keeping Red Lion guests happy."

Red Lion Hotels Corporation announced in November 2011 it was listing the hotel for sale. The property was listed with CBRE Hotels representative Chris Burdett , the agent responsible for the successful sale of Red Lion Hotel on Fifth Avenue in Seattle, Red Lion Colonial Hotel in Helena, Montana, and the Red Lion Hotel Denver Southeast in Colorado.

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 December 31, 2012, the RLH hotel network was comprised of 48 hotels located in nine states and one Canadian province, with 9,015 rooms and 484,693 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
www.Facebook.com/RedLionInnHotelKentWA
www.Twitter.com/RedLionHotels
www.YouTube.com/RedLionHotels
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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 Inn & Suites in Kent, Washington Officially Converted to Red Lion Brand / February 2013

The 2,956-room LVH - Las Vegas Hotel & Casino to be First to Join Red Lion Hotels' New Leo Hotel Collection / February 2013

Red Lion Hotels Introduces New Brand in Development, The Leo Hotel Collection; To be Comprised of Unique, Boutique and/or Historic Hotels in Key Markets / January 2013

Red Lion Hotels Opens the 87-room Red Lion Inn & Suites Denver International Airport in Colorado / January 2013

Red Lion Hotels Appoints Four New Board Members Expanding Board to Nine Directors and Names Melvin L. Keating as Interim Chairman / December 2012

Red Lion Hotels Signs Franchise Agreement for the 60-room Future Red Lion Inn & Suites Kent in Kent, Washington; Owners, Kent South Hospitality, Plan Extensive Renovations to Guest Rooms, Public Space, and the Hotel's Exterior / November 2012

Red Lion Hotels Completes Sale of the 190-room Red Lion Hotel Denver Southeast in Colorado for $13 Million; Signs Franchise Agreement with New Owner, Pandey Hotel Denver LLC / October 2012

Red Lion Hotels Adds New Franchise with the 306-room Red Lion Hotel Woodlake Conference Center in Sacramento, California / October 2012

Red Lion Hotels Hires Steve Krebs as Director of Lodging Development / October 2012

Red Lion Hotels Signs Franchise Agreement for Hotel at Denver, Colorado International Airport; The Future 87-room Red Lion Inn and Suites Denver Airport Owned by Tower Hospitality will Open by November 2012 / September 2012

Red Lion Hotels Suspends Formal Strategic Alternatives Process on Recommendation of the Strategic Alternatives Committee; Further, Donald K. Barbieri, Chairman of the Board to Retire / September 2012

Red Lion Hotels Sells the Red Lion Hotel Sacramento at Arden Village in California for $9 Million, Adds New Franchise, the Red Lion Hotel Woodlake Conference Center Sacramento / September 2012

Red Lion Hotels Sells the 478-room Red Lion Hotel Denver Southeast in Colorado for $13 Million / August 2012

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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