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Article: WestCoast Hospitality buys Red Lion Hotel chain
- Article from:
- AP Worldstream
- Article date:
- January 2, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
Dateline: SPOKANE, Washington
WestCoast Hospitality Corp. acquired Red Lion Hotels Inc. from Hilton
Hotels Corp. for about dlrs 50.6 million.
The deal includes eight company-owned Red Lion hotels and 33 more
leased and franchised Red Lion hotels, one owned Doubletree hotel
property and one leased Doubletree hotel.
WestCoast said Wednesday the acquisition increases the number of hotel
rooms in its portfolio to more than 15,000 from about 8,600.