rlh corporation
RLH Corporation Opens Americas Best Value Inn & Suites in Kingwood/Humble, Texas
RLH Corporation | February 25, 2021
Houston, TX – February 25, 2021 – RLH Corporation (NYSE: RLH) is excited to announce the opening of its newest Americas Best Value Inn & Suites property in the Houston metropolitan area. Conveniently located in the Kingwood/Humble neighborhood, Americas Best Value Inn and & Suites Kingwood IAH Airport is only a few minutes away from the George Bush Intercontinental Airport (IAH), Kingwood Medical Center and Humble Civic Center. Just off I-69, the hotel is not only pet-friendly but also guarantees signature amenities and extra comfort the brand is known for: complimentary parking free high-speed Wi-Fi High-definition ...
Sonesta International Hotels Corporation to Acquire RLH Corporation, Creating One of The World’s Largest Hotel Companies With Diversified Brands
Sonesta | December 31, 2020
NEWTON, Mass., Dec. 31, 2020 -- Sonesta International Hotels Corporation (Sonesta) today announced that it has entered into a definitive agreement to acquire RLH Corporation (NYSE: RLH). RLH is the 10th-largest U.S.-based hotel franchise company with more than 900 hotels. After the closing of the transaction, Sonesta will become one of the largest hotel companies in the U.S. with approximately 1,200 hotels in diversified brands across multiple market segments. Sonesta also announced that upon closing of this transaction, 35-year hotel industry veteran Keith Pierce will be joining Sonesta as Executive Vice President, President of Franchi...
RLH Completes Sale of Red Lion Hotel Anaheim for $21.5 Million
RLH Corporation | March 10, 2020
DENVER, March 10, 2020 -- RLH Corporation (NYSE:RLH) announced today that it has closed on the sale of its Red Lion Hotel Anaheim for $21.5 million in gross proceeds. Red Lion Hotel Anaheim was wholly owned by the Company and unencumbered by a mortgage. Proceeds after broker fees and customary closing costs will be used to repay the $10 million credit facility. The remaining funds of $10.8 million will be used to fund franchise growth opportunities and for general business purposes. This transaction marks the final closing of four hotels announced in September 2019 as under contract to be sold. The net proceeds from these four assets af...
RLHC Completes Sale of Hotel RL Salt Lake City for $33 Million
RLH Coporation | December 23, 2019
The Company expects to complete the sale of the remaining two hotels by the end of Q1 2020 RLH Corporation (NYSE:RLH) announced that it has closed on the sale of its Hotel RL Salt Lake City for $33 million in gross proceeds. The Hotel RL Salt Lake City was held in a joint venture with a secured debt agreement for a term loan principal of $11.0 million. RLHC will receive approximately $12.0 million in net proceeds after closing costs, the repayment of property level mortgage debt and distributions to its joint venture partner. Net proceeds to RLHC will be used to retire corporate level term debt of $2.4 million, while the remain...
RLH Corporation Signs With Donaldson Development Group for New-Build Red Lion Hotel in Fort Valley, Georgia
RLH Corporation | June 6, 2019
DENVER (June 6, 2019) — RLH Corporation (NYSE:RLH) announced today the signing of a franchise license agreement for a new build 110 room Red Lion Hotel and Conference Center in Fort Valley Georgia. Fort Valley is home to Fort Valley State University, a public historically black university (HBCU) and headquarters for the Blue Bird Bus Company. The hotel will offer a pool, exercise room, plaques and tributes to local civil rights/civic leaders and a business center. The development surrounding the hotel will also feature a conference center, six screen movie theater and a restaurant/bar. The hotel and surrounding offerings are being...
RLH Corporation Names Vinod Sankar Senior Vice President and Chief Digital Officer
RLH Corporation | April 3, 2019
DENVER (April 3, 2019) — RLH Corporation (NYSE:RLH) continues to elevate its senior leadership team with the addition of Vinod Sankar as Senior Vice President and Chief Digital Officer. In this newly established role, Sankar will be accountable for delivering company growth through evolving RLH Corporation's global digital strategy, technology innovation and online customer experience. Sankar joins RLH Corporation from MSG Ventures, a subsidiary of The Madison Square Garden Company, where he served as Vice President of Product Development & Partnerships. Sankar drove development of MSG Ventures' artist and audience-focused tec...
RLH Corporation Appoints Julie Shiflett as Chief Financial Officer
RLH Corporation | January 16, 2019
DENVER, CO. January 16, 2019 – RLH Corporation (NYSE:RLH) announced today the appointment of Julie Shiflett as its Executive Vice President, Chief Financial Officer and Treasurer effective immediately. Ms. Shiflett returns to RLH after having been its Chief Financial Officer from 2010 to December 2014. Ms. Shiflett will be responsible for overseeing all financial aspects of the Company, including financial planning and analysis, accounting and reporting as well as managing the tax, internal audit, treasury and investor relations functions. As Principal of NorthWest CFO, an outsourced financial expert consultancy, Ms. Shiflett spen...
RLH Corporation Selects Interstate Hotels & Resorts to Manage Hotel RL Olympia and Hotel RL Salt Lake City
Interstate Hotels & Resorts | January 9, 2019
ARLINGTON, Va. – January 9, 2019 – Interstate Hotels & Resorts unveiled the addition of two new properties to its managed portfolio – Hotel RL Olympia in Olympia, Washington and Hotel RL Salt Lake City in Salt Lake City, Utah. The two new management contracts further Interstate's coast-to-coast U.S. expansion following recent additions, including The Westin Portland Harborview, Maine. RLH Corporation (NYSE:RLH) will retain ownership of both hotels. RLH Corporation chose Interstate Hotels & Resorts to manage Hotel RL Olympia and Hotel RL Salt Lake City to continue to bring best-in-class service to the hotels and...
1
Industry Happenings
2
All Things Independent
3
Market Reports
4
Technology
5
Operations
Today's News
Hospitality Asset Funding Group Completes Acquisition of Tremont House Hotel
Evolution Hospitality Appoints Angela S. Kuzma to Vice President of Lifestyle Operations
STAY Builds for Growth With Infor
Managing Travel Recovery via App-Based Shift Workers
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.