Airbus Signs Cloud Deal With Scaleway to Power Secure AI and Defense Applications 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
Eli Lilly Eyes AtaiBeckley Acquisition to Expand Psychedelic Mental Health Pipeline 
BHP Q4 Iron Ore Output Rebounds as Copper Prices Boost Revenue 
Taiwan Mangoes Head to Europe as Premium Fruit Exports Expand 
SPOKANE, Wash., Jan. 25, 2016 -- RLHC (Red Lion Hotels Corporation) (NYSE:RLH) today announced the Company signed 33 franchise license agreements and five management contracts in 2015, achieving a new record of 38 agreements executed within 12 months.
“The velocity at which RLHC is expanding is inspiring and directly attributable to our well-connected development team combined with the success of our guest management system, RevPak,” said RLHC President and Chief Executive Officer Greg Mount. “Our franchise development team, now fully deployed, consists of seasoned franchise development leaders who are based in five distinct regions across the country. We are well on our way to 100 hotels in 100 weeks.”
Mr. Mount continued, “We look forward to building on accomplishments from 2015, as our development team continues to demonstrate the advantages of franchising with RLHC, including double digit RevPAR growth for each of the first three quarters of the prior year. We offer an extensive value proposition for owners including our advanced booking technologies and digital marketing programs, which generated an increase of 41 percent in year-over-year contribution during the third quarter.”
The Company added franchise locations from coast to coast including several key markets including: Florida, New York, Pennsylvania, Maryland, Washington, D.C., Washington state, Texas and Utah. Furthermore, of the 38 agreements signed by the Company in 2015, 29 were new to the system and nine were contract renewals to existing portfolio hotels.
About RLHC:
Red Lion Hotels Corporation is a hospitality company primarily engaged in the franchising, management and ownership of upscale, midscale and economy hotels under the Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse International and Settle Inn brands. Established in 1959, the company has 125 hotels system wide and 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/RedLionHotels
http://www.Twitter.com/RedLionHotels
www.Instagram.com/RedLionHotels
www.LinkedIn.com/company/red-lion-hotels
Investor Relations Contact Evelyn Infurna O: 203-682-8265 C: 203-856-2088 [email protected] Media Contact Charlotte Ali O: 509-777-6319 C: 303-829-7168 [email protected]
