Red Lion Hotels
Spokane-based hotel company
| Stock symbol: RLH |
| Reporting period: 2Q 2014 |
| Earnings: Profit of $5.1 million
26 cents per share
Versus 2Q 2013: Loss of $1.2 million (Loss of 6 cents per share) |
| Revenue: $39.9 million
Of that total, $29.9 million is from hotel operations. The rest comes from franchises ($4.4 million) and entertainment ($5.5 million). |
| Analysis: CEO Greg Mount said recent hotel property sales generated proceeds of $10 million and a debt reduction of $9 million. After selling off its Bellevue hotel this year, the company plans to invest in equity ownership of hotels in the top 80 markets. “We believe this will provide the best return on investment to our shareholders,” he said. |