(SPOKANE, WA, August 18, 2010) - Red Lion Hotels Corporation (NYSE: RLH) has engaged CSCA Capital Advisors, LLC as its financial advisor. CSCA is a New York based investment banking firm with a depth of experience in real estate and capital markets.
"We have already been working with CSCA to develop strategies related to specific owned and leased real estate currently in our portfolio," said Jon E. Eliassen, president & CEO of Red Lion Hotels Corporation. "CSCA will continue to work with us to position the Red Lion portfolio of properties for increased growth in our West Coast markets."
About Red Lion Hotels Corporation:
Red Lion Hotels Corporation is a hospitality and leisure Company primarily engaged in the ownership, operation and franchising of midscale full, select and limited service hotels under its Red Lion® brand. As of June 30, 2010, the RLH hotel network was comprised of 43 hotels located in eight states and one Canadian province, with 8,383 rooms and 419,987 square feet of meeting space. The Company also owns and operates an entertainment and event ticket distribution business. For more information, please visit the Company's website at www.redlion.com.
About CSCA Capital Advisors, LLC:
Founded in 1999, CSCA offers a broad range of investment banking services, including corporate advisory and capital raising services, to REITs and other real estate intensive industries including healthcare and hospitality. For more information, please visit www.cscapitaladvisors.com.