SPOKANE, WA, May 5, 2010 - Red Lion Hotels Corporation (NYSE: RLH), a western U.S.-based owner and franchisor of midscale hotels, today announced its results for the first quarter ended March 31, 2010.
Highlights:
RevPAR for owned and leased hotels increased 4.9% year-over-year driven by sales initiatives
ADR held steady year-over-year in spite of industry rate discounting
Occupancy increased 220 basis points year-over-year in the first quarter
EBITDA before special items was in-line with the prior year
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