Denver hotel company wants to get out of the business of owning hotels

DENVER BUSINESS JOURNAL - A national hotel chain that recently moved its headquarters to Denver said it wants to get out of the business of owning hotels.

Red Lion Hotels Corp. (NYSE: RLH) said it wants to concentrate on hotel franchising and not owning hotels. It's putting up for sale 11 hotels that it owns that could be sold for as much as a total of $175 million.

Earlier this month, Red Lion sold its entertainment subsidiary, TicketsWest.com Inc., to Paciolan LLC for $6 million.

Now the company said it wants to concentrate solely on franchising.

Read more about their plans at the Denver Business Journal.

Copyright 2017 DENVER BUSINESS JOURNAL


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