Red Lion announces stock offering

Red Lion Hotel Corp., a Spokane-based chain with ambitious growth plans, has announced its intent to raise money through a public stock offering.

Wednesday’s announcement contained few details. The company didn’t list how much it planned to raise or a specific purpose for the cash, and calls to officials weren’t returned.

Red Lion operates and franchises 10 hotel brands and also owns TicketsWest. The company recently acquired a competitor – Vantage Hospitality Group – which brought more than 1,000 franchised U.S. and Canadian hotels to Red Lion in a cash-stock deal valued at about $39.5 million/ Scott Maben , SR. More here.