November 14, 2009 in Business

Red Lion adds exec of former suitor

New board seat goes to Emeritus’ Brandstrom
Bert Caldwell The Spokesman-Review
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Tags: columbia pacific opportunity fund Don Barbieri Emeritus Corp. Raymond Brandstrom red lion hotels corp.

An executive linked to a company that last year tried to buy Red Lion Hotels Corp. has been named to a new seat on the Spokane company’s board of directors.

Raymond Brandstrom is a director, executive vice president for finance, and chief financial officer of Emeritus Corp., which owns, leases or manages 309 retirement communities and centers that provide assisted-living services, or care for patients with Alzheimer’s disease or other types of dementia.

The chairman of Emeritus is Daniel Bray, a principal of Columbia Pacific Opportunity Fund L.P., which owns more than 18 percent of the Red Lion shares outstanding.

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