Sonesta Completes Acquisition Of Red Lion Hotels
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
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Source: PR Newswire
NEWTON, Mass., March 17, 2021 /PRNewswire/ -- Sonesta International Hotels Corporation (Sonesta) today announced the completion of its previously announced acquisition of RLH Corporation (NYSE: RLH). As a result, Sonesta is now one of the largest hotel companies globally with approximately 1,200 locations, more than 100,000 guest rooms, and a diversified portfolio of 15 brands across multiple market segments. Sonesta also announced that 35-year hotel industry veteran Keith Pierce is joining Sonesta as Executive Vice President, President of Franchise & Development effective March 18, 2021. John J. Russell, Jr., Chief Executive Officer of RLH, will continue to support Sonesta leadership through the transition until April 30, 2021.Carlos Flores, President and Chief Executive Officer of Sonesta, made the following statement regarding today's announcement:"The closing of the Red Lion transaction is transformative for Sonesta. It establishes Sonesta as one of the largest hotel companies in
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