RLH Corporation Focuses on Franchise Growth through Sales of Entertainment and Hotel Ownership Interests
RED LION HOTELS (RLH)
Last red lion hotels earnings: 2/27 06:30 am
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US:NYSE Investor Relations:
ir.redlion.com/investor-relations
Company Research
Source: GlobeNewswire
DENVER, Oct. 23, 2017 (GLOBE NEWSWIRE) -- RLH Corporation (NYSE:RLH) has simplified and focused its business strategy over the past few months by selling its Entertainment business and has engaged CBRE to list for sale the majority of its hotel ownership interests. This refinement of the company’s business strategy allows it to accelerate its evolution toward operating primarily as a franchise company. Its franchising business requires less capital to grow, provides higher profit margins and allows it to better leverage the excellent infrastructure and highly skilled employees over a larger franchise base. The sale of RLH Corporation’s Entertainment business was completed on October 3, 2017. Although the sale of the Entertainment business required that the company disclose its results of operations as discontinued operations in the income statement, the company has determined that it is not necessary to revise 2017 earnings guidance as a result of the sale. As reported in its
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