Red Lion Hotels Corp (RLH) 10-K Annual Report February 2016

SPOKANE, Wash., February 25, 2016 - (GLOBE NEWSWIRE) -- Red Lion Hotels Corporation (“RLHC" or the "Company”) (NYSE:RLH), a growing hospitality company that operates and franchises upscale, midscale and economy hotels, today reported fourth quarter and full year 2015 results.

2015 Highlights


•	Increased RevPAR from comparable company operated hotels by 7.8% year-over-year in the fourth quarter and 10.4% for 2015


•	Grew ADR and Occupancy from comparable company operated hotels by 2.4% and 310 basis points year-over-year in the fourth quarter and 5.1% and 340 basis points in 2015, respectively


•	Launched the Company’s first upscale brand, Hotel RL; executed 8 agreements and opened 2 properties in the first year


•	Executed a record of 33 franchise license and 5 management agreements


•	Completed several joint venture transactions, including the sale of a 45% stake in 12 core hotels, the opening of the first Hotel RL in Baltimore and the second in Washington D.C and the acquisition of the Red Lion Hotel, Atlanta Airport


•	Expanded brand reach with the purchase of GuestHouse and Settle Inn, establishing presence in economy segment


•	Redeemed $30.8 million in debentures associated with the Company’s Trust Preferred Securities, reducing annual interest expense by approximately $2.9 million or $0.14 per share

“2015 was beyond transformational for RLHC. We are particularly pleased with the progress we have made to strengthen our balance sheet and reposition our business to be a nimble, high growth national hospitality company. Not only did we add three new brands to our portfolio, we solidified our position as a leading innovator with the implementation and growth of RevPak, our revolutionary guest management platform. Furthermore, we executed a company record 38 franchise and management contracts, bringing our overall system count to 124 hotels. As a result of our efforts in 2015, we realized our expectations of growing revenue at a rate that effectively offset the investments necessary to support this transformational year, while at the same time increasing the financial flexibility and capacity of our balance sheet,” said RLHC President and Chief Executive Officer Greg T. Mount.

Mr. Mount concluded, “As we begin 2016, we believe that our multi-brand offering coupled with our industry leading technology and digital marketing platform will continue to be a meaningful competitive advantage, allowing us to further accelerate the progression of our geographic reach and enhance our franchise growth nationwide. We are energized to build upon the significant momentum we have created thus far as we work to enhance the portfolio and our profitability for years to come.”

Full Year 2015 Results

Comparable revenue from Company operated hotels was $107.0 million, compared to $97.4 million for the same period a year ago, reflecting a 9.9% increase. The growth was primarily driven by the 10.4% comparable RevPar improvements and 6.9% growth in food and beverage revenue.

Year over year, comparable RevPAR grew 10.4% to $66.63 and was generated by a 5.1% increase in ADR to $95.62, and a 340 basis point improvement in occupancy. Comparable hotel gross operating profit margin expanded 280 basis points to 31.8% from 29.0%, primarily due to the expansion in ADR and disciplined expense management.

The following information was filed by Red Lion Hotels Corp (RLH) on Thursday, February 25, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Red Lion Hotels Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.6: Material Contract

Exhibit 10.7: Material Contract

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: RLH
CIK: 1052595
Form Type: 10-K Annual Report
Accession Number: 0001052595-16-000035
Submitted to the SEC: Mon Feb 29 2016 8:05:01 PM EST
Accepted by the SEC: Tue Mar 01 2016
Period: Thursday, December 31, 2015
Industry: Hotels And Motels

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Red Lion Hotels Corp (RLH) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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