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Red Lion sells its Missoula hotel, turns it into a franchise

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.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.