February 27, 2014 in Business

Red Lion Hotels Corp.

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

Loss of $14 million

(71 cents per share)

Versus 4Q 2012:

Loss of $3.6 million

(19 cents per share)

Revenue:$26.4 million. For 2013, revenue was $120 million, down 6 percent from 2012.
Analysis: In the fourth quarter, revenue from owned and leased hotels was $22.1 million, up $500,000 or 2.5 percent compared to the same period a year ago. It was driven primarily by an increase in comparable rooms revenue. Looking ahead for 2014, the company said revenue per available room for comparable owned and leased hotels is expected to increase 3 to 5 percent over 2013.

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