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Hot Stocks
Red Lion Hotels completes sale of Red Lion Hotel Anaheim for $21.5M » 16:21
03/02/20
03/02
16:21
03/02/20
16:21
RLH

Red Lion Hotels

$2.43 /

-0.1 (-3.95%)

RLH Corporation announced…

RLH Corporation announced that it has closed on the sale of its Red Lion Hotel Anaheim for $21.5M in gross proceeds. 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 after closing costs, the repayment of property level mortgage and corporate debt, and distributions to its joint venture partners was $22.9M. Subsequent to the sales of these hotels, the companys outstanding debt is comprised of hotel property level debt of $5.6M on the Olympia, Washington hotel, which is held in a joint venture. The company is currently in the process of marketing its Olympia, Washington and Baltimore, Maryland hotels. The company continues to anticipate cumulative net proceeds in the range of $32M-$36M from the combined 2019 and 2020 asset sales.

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Over a month ago
Earnings
Red Lion Hotels reports Q4 EPS (32c), consensus (16c) » 06:53
02/27/20
02/27
06:53
02/27/20
06:53
RLH

Red Lion Hotels

$2.79 /

-0.165 (-5.59%)

Reports Q4 revenue…

Reports Q4 revenue $26.52M, consensus $25.81M. In the fourth quarter, the company recorded an $8.7M impairment charge related to its Americas Best Value Inn and Knights Inn brand names, which was partially offset by a $7.1M gain on the sale of two joint venture hotels.

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Hot Stocks
RLH Corporation announces 2020 strategic plan to go 'back to basics' » 09:02
01/31/20
01/31
09:02
01/31/20
09:02
RLH

Red Lion Hotels

$2.93 /

-0.08 (-2.66%)

RLH Corporation announced…

RLH Corporation announced a strategic plan to go "back to basics" in 2020 and beyond with a renewed commitment to franchisees and a tactical focus on growth opportunities. With a refreshed outlook, RLHC is approaching the next months with a focus on what matters most to its franchisees: the evaluation and implementation of common sense brand standards which focus on ROI for owners; amplifying marketing spend to increase brand contribution; targeted campaigns with input from franchisees; digital enhancements and expansion; and a commitment to development opportunities in markets that resonate with RLHC brands. Corporate efforts will be rooted in R.O.A.R - Recruit, Onboard, Add value and Retain. Franchisee relationship building with an increase in owner engagement is the primary focus of the Company's "back to basics" approach. The comprehensive and multifaceted plan relies heavily on the overhaul and addition of operational and marketing programs. To begin, the Franchise Operations team will spend more time in the field, increasing the number of Town Hall meetings across the nation by 50% over 2019. The Company is also refining the Brand Advisory Board program to enhance the franchisee role in the decisions that impact the brands. The Company also plans to strategically expand its digital and targeted marketing program in 2020, primarily in local and regional markets, putting a larger focus on community engagement, franchisee revenue sources, and with the intent to increase contribution to owners. Aggressive regional market penetration will also drive lodging development for the Company. The Company will also continue to emphasize its low cost, high visibility loyalty program, Hello Rewards.

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Over a quarter ago
Hot Stocks
Red Lion Hotels names Carter Pate as board chairman » 16:30
12/26/19
12/26
16:30
12/26/19
16:30
RLH

Red Lion Hotels

$3.67 /

+0.05 (+1.38%)

RLH Corporation announced…

RLH Corporation announced Robert Wolfe will be retiring from the board on December 31, 2019. The board has selected independent director R. Carter Pate, who has been a board member since May 2019, as chairman. The board and Mr. Wolfe believe this transition is opportune as the company launches its search for a permanent CEO.

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Hot Stocks
Red Lion Hotels completes sale of Hotel RL Salt Lake City for $33M » 08:11
12/20/19
12/20
08:11
12/20/19
08:11
RLH

Red Lion Hotels

$3.24 /

-0.06 (-1.82%)

RLH Corporation announced…

RLH Corporation announced that it has closed on the sale of its Hotel RL Salt Lake City for $33M 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 $11M. RLHC will receive approximately $12M 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 $2.4M, while the remaining cash will be used for operating purposes and reduction of the corporate line of credit. This transaction marks the second closing of four hotels that were announced in September 2019 as under contract to be sold. The net proceeds from the sales to RLHC of the Atlanta and Salt Lake hotels are $16.8M, after application to hotel and corporate debt. Subsequent to the sales of the Atlanta and Salt Lake City hotels, the Company's outstanding debt is comprised of a $10M line of credit and hotel property level debt of $23.1M on the Olympia, Washington and Washington, D.C. hotels which are held in joint ventures. The Company expects to complete the sale of the remaining two hotels by the end of Q1 2020. The completed sales of all four hotels are expected to generate net proceeds to RLHC of $32M to $36M after hotel debt repayments and joint venture distributions.

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Hot Stocks
Red Lion Hotels appoints John Russell as interim CEO » 07:06
12/03/19
12/03
07:06
12/03/19
07:06
RLH

Red Lion Hotels

$3.52 /

+0.035 (+1.01%)

Red Lion Hotels…

Red Lion Hotels Corporation announced John Russell, Jr. has been appointed interim CEO. Russell joins RLH to assist the executive management team in running the business, accelerating franchise sales, improving franchisee retention and aligning our cost structure with the size of our operations. The Board of RLH Corporation will continue the search for a permanent CEO during Russell's tenure. Russell was most recently President and COO with Sentry Hospitality.

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Syndicate
Red Lion Hotels files $80M mixed securities shelf  17:23
11/20/19
11/20
17:23
11/20/19
17:23
RLH

Red Lion Hotels

$3.36 /

+0.015 (+0.45%)

 
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Downgrade
Red Lion Hotels downgraded to Hold from Buy at Craig-Hallum » 09:22
11/11/19
11/11
09:22
11/11/19
09:22
RLH

Red Lion Hotels

$2.83 /

-3.63 (-56.19%)

Craig-Hallum analyst Alex…

Craig-Hallum analyst Alex Fuhrman downgraded Red Lion Hotels to Hold from Buy with a price target of $3, down from $16, following "weak" Q3 results. In a research note to investors, Fuhrman says the surprise resignation of CEO Greg Mount appears to have been a board decision, but comes at a "challenging" time for Red Lion as the company further emphasizes the franchise business, and remains skeptical of results materially improving until a new CEO is installed.

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Downgrade
B. Riley FBR downgrades Red Lion Hotels, cuts target to $3.75 from $11 » 09:05
11/11/19
11/11
09:05
11/11/19
09:05
RLH

Red Lion Hotels

$2.83 /

-3.63 (-56.19%)

B. Riley FBR analyst Eric…

B. Riley FBR analyst Eric Wold downgraded Red Lion Hotels to Neutral from Buy with a price target of $3.75, down from $11. After management reaffirmed guidance twice this year, "visibility into the underlying operating and franchise system is in question," Wold tells investors in a post-earnings research note. While sale agreements have been signed for four of Red Lion's hotels that would drive net proceeds to eliminate a majority of its outstanding debt, the analyst says he has to assume "those transactions are somewhat in question."Even though the shares declined by 56% on Friday, Wold is moving to the sidelines, given the "heightened uncertainty" around the underlying performance of the company's hotels and the increased number of franchisee terminations. He would need Red Lion's board to become more proactive before becoming more constructive on the shares.

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Downgrade
Red Lion Hotels downgraded to Neutral from Buy at B. Riley FBR » 08:32
11/11/19
11/11
08:32
11/11/19
08:32
RLH

Red Lion Hotels

$2.83 /

-3.63 (-56.19%)

B. Riley FBR analyst Eric…

B. Riley FBR analyst Eric Wold downgraded Red Lion Hotels to Neutral from Buy with a price target of $3.75, down from $11.

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