Spokane-based Red Lion Hotels Corp. announced on Thursday it's sold its Red Lion Missoula Inn for $1.95 million. As part of the sale agreement, the new owners signed a franchise agreement with the company.
It's been renamed the Red Lion Inn & Suites Missoula. It's a limited service property with 76 exterior entry rooms, situated near Providence Health & Services St. Patrick Hospital in downtown Missoula.
“This property is in a great location,” said Sam Hossain of RASM Properties, LLC, the new owners of the hotel.
Red Lion had announed in November 2011 that the property was for sale.
The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.
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