Spokane-based Red Lion Hotels Corp. announced they're preparing to sell two of its hotels in Medford and Missoula.
Both hotels were part of a group previously leased from iStar Financial Inc. of New York.
Last week Red Lion purchased the hotels to end the leases. The company said at last week's announcement it would sell some of the hotels and keep others. Keep in touch to see which other hotels in the group will also go on the for-sale block.
Jon E. Eliassen, president and CEO, said, “We will continue to look for ways to strategically position Red Lion with hotels that fit the brand going forward. Selling these two properties also furthers our effort to restructure our balance sheet, which will give the company more financial flexibility and increase shareholder value.”