Thursday, November 4, 2010

Red Lion Hotels Reports Third Quarter 2010 Results

SPOKANE, Wash., Nov. 4, 2010 /PRNewswire via COMTEX/ -- Red Lion Hotels Corporation /quotes/comstock/13*!rlh/quotes/nls/rlh (RLH 7.96, +0.03, +0.33%) , a western U.S.-based owner and franchisor of midscale hotels, today announced its results for the third quarter ended September 30, 2010.
Overview:
Third quarter RevPAR for owned and leased hotels increased 8.3% year-over-year; RevPAR up 3.9% year-to-date
ADR at owned and leased hotels up 5.8%, outpacing U.S. trends
EBITDA from continuing operations declined $0.3 million to $12.4 million while hotel operating margin was 31.5%, reflecting costs of growth initiatives

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