Red Lion Hotels Corp (RLH) 10-K Annual Report March 2017

SPOKANE, Wash., March 7, 2017 - (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 preliminary unaudited full year and fourth quarter 2016 results.

Preliminary Full Year 2016 Highlights:


•	GAAP net loss of $4.7 million compared to net income of $2.7 million in 2015


•	Grew 2016 Adjusted EBITDA by 56% to $19.5 million


•	Improved Adjusted Net Loss per share to $(0.19) per share as compared to $(0.40) per share in 2015


•	Achieved system-wide comparable RevPAR growth of 2.9% with strong annual RevPAR growth contributions from mid-scale franchise and economy franchise segments of 5.7% and 7.2%, respectively


•	Increased franchise segment revenues over 100%


•	Completed $26 million in renovations to reposition hotels owned through joint ventures


•	Executed 86 new franchise agreements across legacy RLHC and recently acquired brands


•	Completed transformative acquisition placing RLHC in the top ten hotel franchise companies in the country with over 1,100 hotels and 73,000 rooms

Preliminary Fourth Quarter 2016 Highlights:


•	GAAP net loss of $2.3 million compared to a net loss of $6.3 million in 2015


•	Adjusted EBITDA improved to $2.8 million from negative $0.6 million in 2015


•	Improved Adjusted Net Loss per share to $(0.20) per share as compared to $(0.31) per share in 2015


•	Achieved systemwide RevPAR growth of 0.3%, with growth in the economy franchise of 11.4% and mid-scale franchise of 3.3%


•	Raised $20.0 million of equity to support growth initiatives


•	Signed 42 new franchise agreements

“Our most recent results mark a strong finish to a formative year for RLHC - we continued our transformation to an asset light model and substantially grew our franchise business with our recent acquisition that enabled us to establish a national and international presence. These strategic actions further broadened our brand offerings, with the addition of multiple brands and over 1,000 franchised hotels. More importantly it has raised awareness for RLHC within the lodging industry and is generating attention from hoteliers interested in joining our growing platform,” said RLHC President and Chief Executive Officer Greg T. Mount.

“As we look toward 2017, we are focused on completing the integration of the recently acquired brands while further developing and scaling our industry leading guest management system, RevPak, to appropriately match each brand’s unique requirements. These efforts, coupled with a larger franchise development team deployed to identify and deepen RLHC’s mid and upscale presence, should enable us to execute roughly 90 to 120 additional hotel franchise agreements in 2017. With an asset light model, additions to our unit count will be an increasingly important metric for RLHC. Over the past two years, RLHC has made significant progress in growing its brands and franchise network and we look forward to building on those efforts this year,” concluded Mr. Mount.

The following information was filed by Red Lion Hotels Corp (RLH) on Tuesday, March 7, 2017 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 12.1: Statement Regarding Calculation Of Ratios

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: 0001052595-17-000014
Submitted to the SEC: Thu Mar 30 2017 8:09:46 PM EST
Accepted by the SEC: Fri Mar 31 2017
Period: Saturday, December 31, 2016
Industry: Hotels And Motels

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