Red Lion Hotels Corp (RLH) 10-K Annual Report March 2014

- Red Lion Hotels Corporation (NYSE: RLH), a western U.S. based owner, operator and franchisor of midscale hotels, today announced its results for the fourth quarter and year ended December 31, 2013.

Highlights:

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Increased fourth quarter RevPAR for comparable owned and leased hotels by 2.8 percent compared to the prior year

•

Increased full year RevPAR for comparable owned and leased hotels by 3.1 percent driven by a 3.9 percent increase in ADR

•

Named 25-year hospitality veteran Greg T. Mount as new President and Chief Executive Officer

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Added global brand positioning and e-commerce talent to executive leadership with appointment of Bill Linehan as Chief Marketing Officer

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Promoted Harry G. Sladich to Executive Vice President of Hotel Operations and Sales to optimize synergies

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Added 11 franchised hotels bringing total to 30

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Signed franchise agreement in January for a hotel in Tucson, Arizona

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 hotels or operations that have been sold in the past four quarters. 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.

“Red Lion is a great brand that evokes positive sentiment from guests because of its strong Northwest heritage and friendly service culture,” said President and Chief Executive Officer Greg T. Mount. “Entering 2014, we have significant momentum. With our evolving operating support programs and eCommerce platforms, our goal is to carve out a niche for the Red Lion brand as we focus on growth through franchising and development. Hotel owners across the country are seeking alternatives to the more heavily concentrated and commoditized brands, giving Red Lion opportunities to expand in major MSAs (metropolitan statistical area) and gateway cities. We want to be nimble with a value proposition that’s appealing to those owners.”

Mount continued, “We are building a company structure that is responsive to guests, owners and investors. We have added branding and eCommerce talent with the appointment of industry expert Bill Linehan, and further aligned our executive leadership team with the promotion of Harry Sladich to oversee hotel operations, national sales and the companywide Local.Wise. initiative. Together with the rest of our talented team, we are focused on increasing the velocity at which we are moving to grow the brand, further improve our operating performance and deliver value to our stakeholders.”

The following information was filed by Red Lion Hotels Corp (RLH) on Thursday, February 27, 2014 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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Red Lion Hotels Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

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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 10.10: Executive Officers Incentive Pay Plan Effective January 1, 2014

Exhibit 10.22: Employment Offer Letter To Gregory T Mount

Exhibit 10.23: Employment Offer Letter To William J Linehan

Exhibit 21: List Of Subsidiaries

Exhibit 23: Consent Of Bdo Usa, Llp

Exhibit 31.1: Certification Of Ceo Pursuant To Exchange Act Rule 13A-14(A)

Exhibit 31.2: Certification Of Cfo Pursuant To Exchange Act Rule 13A-14(A)

Exhibit 32.1: Certification Of Ceo Pursuant To Exchange Act Rule 13A-14(B)

Exhibit 32.2: Certification Of Cfo Pursuant To Exchange Act Rule 13A-14(B)

Ticker: RLH
CIK: 1052595
Form Type: 10-K Annual Report
Accession Number: 0001445305-14-000868
Submitted to the SEC: Wed Mar 05 2014 4:29:28 PM EST
Accepted by the SEC: Wed Mar 05 2014
Period: Tuesday, December 31, 2013
Industry: Hotels And Motels

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Red Lion Hotels Corp (RLH) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

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