Red Lion earnings flat
Red Lion Hotels Corp. today reported first-quarter results that mirrored those for the same period in 2010.
Total revenue was $34.27 million, compared with $34.3 million a year ago.
The net loss for the period was $4.8 million, or 25 cents per share, a decline of almost 13 percent compared the $4.2 million, 23 cent-per-share loss for the 2010 period.
The occupancy rate for its 44 owner and affiliated hotels was identical for the two periods at 48.2 percent, with an increase in casual travelers offsetting a slight downturn in business traffic.
