LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
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]
