Edition:
United Kingdom

Red Lion Hotels Says Gross Proceeds From 6 Unsold Hotels Are Expected To Be Between $80 Million And $100 Million


Monday, 5 Aug 2019 

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. 

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