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Article: Red Lion announces long-term growth plan; full-service chain to increase properties by 50 percent in five years.
- Article from:
- Business Wire
- Article date:
- January 23, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, Wash.--(BUSINESS WIRE)--Jan. 23, 1996--Following its successful Initial Public Offering last July, Red Lion Hotels Inc. plans to place its flag on as many as 24 hotels in the next five years, strengthening its position as the premiere full-service hotel in the western United States.
"We are aggressively pursuing opportunities for growth," said Red Lion's vice president of Development, C.A. Anderson, a panelist at the eleventh annual Hotel Industry Investment Conference, a major gathering of hotel industry leaders. "We currently have an inventory of more than 14,000 rooms and anticipate adding 7,000 over the next five years."
The full-service chain ...