EX-99.1
2
d822264dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
RLH Completes Sale of Red Lion Hotel Atlanta Airport for $12.25 Million
DENVER (Nov. 18, 2019)
-
RLH Corporation
(NYSE:RLH) announced that it has closed on the sale of its Red Lion Airport Hotel Atlanta for
$12.25 million in gross proceeds.
The Red Lion Airport Hotel Atlanta was held in a joint venture. RLH Corporation will receive $4.8 million in net
proceeds after closing costs and the repayment of property level mortgage. Net proceeds to RLH will be primarily used to reduce corporate level debt.
There are an additional three hotels that are under non-binding contract to be sold. It is the Company's expectation the hotel sales will be completed by
the end of Q1 2020.
About RLH Corporation
RLH
Corporation is an innovative hotel company focused on the franchising of upscale, midscale and economy hotels. The company focuses on maximizing return on invested capital for hotel owners across North America through relevant brands,
industry-leading technology and forward-thinking services. For more information, please visit the company's website at
www.rlhco.com
.
Social Media:
www.Facebook.com/myhellorewards
www.Twitter.com/myhellorewards
www.Instagram.com/myhellorewards
www.Linkedin.com/company/rlhco
Investor Relations
Contact:
Nikki Sacks
203-682-8263
investorrelations@rlhco.com
Media
Contact:
Roxanne Rabasco
303-459-4192
Roxanne.Rabasco@rlhco.com

EX - 99 . 1 2 d822264dex991 . htm EX - 99 . 1 EX - 99 . 1 Exhibit 99 . 1 RLH Completes Sale of Red Lion Hotel Atlanta Airport for $ 12.25 Million DENVER ( Nov. 18 , 2019 ) - RLH Corporation ( NYSE : RLH ) announced that it has closed on the sale of its Red Lion Airport Hotel Atlanta for $ 12.25 million in gross proceeds . The Red Lion Airport Hotel Atlanta was held in a joint venture . RLH Corporation will receive $ 4.8 million in net proceeds after closing costs and the repayment of property level mortgage . Net proceeds to RLH will be primarily used to reduce corporate level debt . There are an additional three hotels that are under non - binding contract to be sold . It is the Company 's expectation the hotel sales will be completed by the end of Q1 2020 . About RLH Corporation RLH Corporation is an innovative hotel company focused on the franchising of upscale , mid scale and economy hotels . The company focuses on maximizing return on invested capital for hotel owners across North America through relevant brands , industry - leading technology and forward - thinking services . For more information , please visit the company 's website at www.rlhco.com . Social Media : www.Facebook.com/myhellorewards www.Twitter.com/myhellorewards www.Instagram.com/myhellorewards www.Linkedin.com/company/rlhco Investor Relations Contact : Nikki Sacks 203 - 682 - 8263 investorrelations@rlhco.com Media Contact : Roxanne Rabasco 303 - 459 - 4192 Roxanne.Rabasco@rlhco.com