Thursday, August 5, 2010

Red Lion Hotels Reports Second Quarter 2010 Results

RevPAR for owned and leased hotels declined 1.8% year-over-year

ADR at owned and leased hotels up 0.2%; occupancy down 1.2 points

ADR performance up 2.4% against competitive set

EBITDA decreased $2.3 million, impacted primarily by:

Investments in direct sales and franchise development activities

Non-recurring franchise termination settlement in 2009

Closed hotel in Astoria, Oregon

Reduction in group business and competitive rate pressures

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