March 1, 2013 in Business

Red Lion Hotels Corp.

Spokane-based hotel company
 
Stock symbol: RLH
Reporting period: 4Q
Earnings:

Loss of $3.8 million

(20 cents per share)

Versus 4Q 2011:

Loss of $20.5 million

($1.07 per share)

Revenue: $31.7 million, compared to $32.7 million in 4Q 2011
Analysis: Fourth-quarter revenue per available room grew 4.3 percent year over year to $41.20, driven by a 4.3 percent increase in average daily room rate of $80.53. Franchise revenue increased to $1.2 million from $1.1 million. But profitability in that segment was reduced by increased investment in sales and marketing, the company said.

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