Red Lion Hotels Says Gross Proceeds From 6 Unsold Hotels Are Expected To Be Between $80 Million And $100 Million [Reuters]
RED LION HOTELS (RLH)
Last red lion hotels earnings: 2/27 06:30 am
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Source: Reuters
Red Lion Hotels Corp (RLH.N) Key Developments | Reuters.com Aug 5 (Reuters) - Red Lion Hotels Corp ::RLH CORPORATION PROVIDES UPDATE ON EXPECTATIONS FOR ASSET SALES.RED LION HOTELS- GROSS PROCEEDS FROM SIX UNSOLD HOTELS ARE EXPECTED TO BE IN RANGE OF $80 MILLION TO $100 MILLION WITH NET PROCEEDS TO RLH OF $30 MILLION TO $40 MILLION.RED LION HOTELS CORP - PORTION OF PROCEEDS WILL BE USED TO RETIRE UP TO $15.2 MILLION OF CORPORATE LEVEL DEBT.RED LION HOTELS- WILL COMMENCE MARKETING REMAINING FEE SIMPLE HOTELS WHICH INCLUDE, HOTEL RLS IN OLYMPIA, SALT LAKE CITY AND BALTIMORE IN NEXT 6 TO 12 MONTHS. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn m
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