Red Lion Hotels Corp (RLH) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Exhibit 99.1

Company Contact:

Pam Scott

Director of Corporate Communications

(509) 777-6393

Red Lion Hotels Reports Fourth Quarter and

Full Year 2012 Results

SPOKANE, Wash., February 28, 2013

Fourth Quarter and Full Year Highlights:

Comparable operating results and data from continuing operations (as disclosed in the table by the same title) for the periods included in this release exclude from hotel operations the results of the Red Lion Hotel on Fifth Avenue in Seattle, which was sold in the second quarter of 2011, the Red Lion Colonial Hotel in Helena, Montana, which was sold in the third quarter of 2012, and the Red Lion Hotel Denver Southeast, which was sold in the fourth quarter of 2012. Following the sales, these properties continue to operate as franchised hotels and the company is therefore required to report their financial results in continuing operations. Throughout this release the company refers to certain non-GAAP financial measures. Please refer to the tables attached to this release for a reconciliation of these non-GAAP financial measures to their most directly comparable financial measure determined in accordance with GAAP.

“I am pleased with Red Lion’s accomplishments in 2012,” said Jon E. Eliassen, President and Chief Executive Officer of Red Lion Hotels Corporation. “We increased our RevPAR and ADR, grew our hotel network, better defined our product offerings and strengthened our balance sheet by using proceeds from asset sales to pay down debt. We are well-positioned to refinance our maturing debt.”

“We continue to execute our asset sale strategy which is providing additional capital to further invest in our owned hotels,” Eliassen said. “At the same time, we continue to make progress on growing our network of hotels through franchising. During the fourth quarter, we opened two new locations and converted a formerly owned hotel in Denver. We also signed two new franchises, which converted subsequent to year end.”