Red Lion Hotels Corporation
Red Lion Hotels CORP (Form: SC 13D/A, Received: 07/21/2010 12:53:29)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)

Red Lion Hotels Corporation
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

756764106
(CUSIP Number)

Alexander B. Washburn
c/o Columbia Pacific Advisors, LLC
1910 Fairview Avenue East, Suite 500
Seattle, Washington 98102
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

July 8, 2010
(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-
1(g), check the following box. [X]

1. Names of Reporting Persons Columbia Pacific Opportunity Fund, L.P. (1)

2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]

3. SEC Use Only

4. Source of Funds (See Instructions) WC

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization Washington

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7 Sole Voting Power 3,843,914 shares of Common Stock (2)

8. Shared Voting Power 0 shares of Common Stock

9. Sole Dispositive Power 3,843,914 shares of Common Stock (2)

10. Shared Dispositive Power 0 shares of Common Stock

11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,843,914 shares of Common Stock

12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 20.9% (3)

14. Type of Reporting Person PN

(1) The filing of this joint Schedule 13D shall not be construed as an admission that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the statement.

(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of, and to dispose or direct the disposition of, the 3,843,914 shares of Common Stock to which this Schedule 13D relates.

(3) Based on 18,403,492 shares of common stock outstanding as of May 3, 2010, as reported on the Company's Form 10-Q for the period ended March 31, 2010, filed on May 6, 2010.

1. Names of Reporting Persons Columbia Pacific Advisors, LLC (1)

2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]

3. SEC Use Only

4. Source of Funds (See Instructions) AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization Washington

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7 Sole Voting Power 3,843,914 shares of Common Stock (2)

8. Shared Voting Power 0 shares of Common Stock

9. Sole Dispositive Power 3,843,914 shares of Common Stock (2)

10. Shared Dispositive Power 0 shares of Common Stock

11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,843,914 shares of Common Stock

12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 20.9% (3)

14. Type of Reporting Person IA
(1) The filing of this joint Schedule 13D shall not be construed as an admission that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the statement.

(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of, and to dispose or direct the disposition of, the 3,843,914 shares of Common Stock to which this Schedule 13D relates.

(3) Based on 18,403,492 shares of common stock outstanding as of May 3, 2010, as reported on the Company's Form 10-Q for the period ended March 31, 2010, filed on May 6, 2010.

1. Names of Reporting Persons Alexander B. Washburn (1)

2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]

3. SEC Use Only

4. Source of Funds (See Instructions) AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7 Sole Voting Power 3,843,914 shares of Common Stock (2)

8. Shared Voting Power 0 shares of Common Stock

9. Sole Dispositive Power 3,843,914 shares of Common Stock (2)

10. Shared Dispositive Power 0 shares of Common Stock

11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,843,914 shares of Common Stock

12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 20.9% (3)

14. Type of Reporting Person IN

(1) The filing of this joint Schedule 13D shall not be construed as an admission that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the statement.

(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of, and to dispose or direct the disposition of, the 3,843,914 shares of Common Stock to which this Schedule 13D relates.

(3) Based on 18,403,492 shares of common stock outstanding as of May 3, 2010, as reported on the Company's Form 10-Q for the period ended March 31, 2010, filed on May 6, 2010.

1. Names of Reporting Persons Daniel R. Baty (1)

2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]

3. SEC Use Only

4. Source of Funds (See Instructions) AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7 Sole Voting Power 3,843,914 shares of Common Stock (2)

8. Shared Voting Power 0 shares of Common Stock

9. Sole Dispositive Power 3,843,914 shares of Common Stock (2)

10. Shared Dispositive Power 0 shares of Common Stock

11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,843,914 shares of Common Stock

12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 20.9% (3)

14. Type of Reporting Person IN

(1) The filing of this joint Schedule 13D shall not be construed as an admission that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the statement.

(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of, and to dispose or direct the disposition of, the 3,843,914 shares of Common Stock to which this Schedule 13D relates.

(3) Based on 18,403,492 shares of common stock outstanding as of May 3, 2010, as reported on the Company's Form 10-Q for the period ended March 31, 2010, filed on May 6, 2010.

1. Names of Reporting Persons Stanley L. Baty (1)

2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]

3. SEC Use Only

4. Source of Funds (See Instructions) AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7 Sole Voting Power 3,843,914 shares of Common Stock (2)

8. Shared Voting Power 0 shares of Common Stock

9. Sole Dispositive Power 3,843,914 shares of Common Stock (2)

10. Shared Dispositive Power 0 shares of Common Stock

11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,843,914 shares of Common Stock

12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 20.9% (3)

14. Type of Reporting Person IN

(1) The filing of this joint Schedule 13D shall not be construed as an admission that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the statement.

(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of, and to dispose or direct the disposition of, the 3,843,914 shares of Common Stock to which this Schedule 13D relates.

(3) Based on 18,403,492 shares of common stock outstanding as of May 3, 2010, as reported on the Company's Form 10-Q for the period ended March 31, 2010, filed on May 6, 2010.

1. Names of Reporting Persons Brandon D. Baty (1)

2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]

3. SEC Use Only

4. Source of Funds (See Instructions) AF

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

6. Citizenship or Place of Organization United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7 Sole Voting Power 3,843,914 shares of Common Stock (2)

8. Shared Voting Power 0 shares of Common Stock

9. Sole Dispositive Power 3,843,914 shares of Common Stock (2)

10. Shared Dispositive Power 0 shares of Common Stock

11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,843,914 shares of Common Stock

12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 20.9% (3)

14. Type of Reporting Person IN

(1) The filing of this joint Schedule 13D shall not be construed as an admission that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by the statement.

(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of, and to dispose or direct the disposition of, the 3,843,914 shares of Common Stock to which this Schedule 13D relates.

(3) Based on 18,403,492 shares of common stock outstanding as of May 3, 2010, as reported on the Company's Form 10-Q for the period ended March 31, 2010, filed on May 6, 2010.

EXPLANATORY NOTE

This Amendment No. 4 amends the Schedule 13D filed jointly by Columbia Pacific Opportunity Fund, L.P., a Washington limited partnership (the "Fund"), Columbia Pacific Advisors LLC, a Washington limited liability company (the "Adviser"), Alexander B. Washburn, a U.S. citizen, Daniel R. Baty, a U.S. citizen, Stanley L. Baty, a U.S. citizen, and Brandon D. Baty, a U.S. citizen (each a "Reporting Person" and collectively the "Reporting Persons") with the Securities and Exchange Commission on June 27, 2008, as amended on February 11, 2009, September 1, 2009 and June 14, 2010 with respect to the common stock, par value $0.01 per share (the "Common Stock") of Red Lion Hotels Corporation (the "Company").

Mr. Washburn, Mr. D. Baty, Mr. S. Baty and Mr. B. Baty serve as the managing members of the Adviser, which is primarily responsible for all investment decisions regarding the Fund's investment portfolio. The shares of Common Stock reported herein are held in the portfolio of the Fund.

Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons constitute a "group" for any purpose and the Reporting Persons expressly disclaim membership in a group. Except as specifically set forth herein, the Schedule 13D remains unmodified.

Item 5. Interest in Securities of the Issuer

The responses set forth in Items 5(a) and 5(c) of the Schedule 13D are hereby replaced in their entirety by the following:

(a) As of the date hereof, the Reporting Persons may be deemed to beneficially own an aggregate of 3,843,914 shares of Common Stock, which constitutes 20.9% of the total number shares of Common Stock outstanding as of May 3, 2010, as reported in the Company's Form 10-Q for the period ended March 31, 2010

(c) The trading dates, number of shares purchased and sold and price per share for all transactions in the shares of Common Stock during the past 60 days by the Reporting Persons on behalf of the Fund were all effected in unsolicited broker transactions on the New York Stock Exchange as set forth in Exhibit A.

Item 7. Material to Be Filed as Exhibits

Exhibit A: Schedule of Transactions in the shares of Common Stock by the Fund during the past 60 days.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  July 20, 2010   COLUMBIA PACIFIC OPPORTUNITY FUND, L.P. (1)

                        /s/ Alexander B. Washburn
                By:     Alexander B. Washburn
                Title:  Managing Member of Columbia Pacific
                        Advisors, LLC, its general partner


Dated:  July 20, 2010   COLUMBIA PACIFIC ADVISORS, LLC (1)

                        /s/ Alexander B. Washburn
                By:     Alexander B. Washburn
                Title:  Managing Member


Dated:  July 20, 2010   /s/ Alexander B. Washburn
                        Alexander B. Washburn (1)


Dated:  July 20, 2010   /s/ Daniel R. Baty
                        Daniel R. Baty (1)


Dated:  July 20, 2010   /s/ Stanley L. Baty
                        Stanley L. Baty (1)


Dated:  July 20, 2010   /s/ Brandon D. Baty
                        Brandon D. Baty (1)

________________

(1) This Amendment is being filed jointly by the Fund, the Adviser, Alexander B. Washburn, Daniel R. Baty, Stanley L. Baty, and Brandon D. Baty pursuant to the Joint Filing Agreement dated August 6, 2009 and included with the signature page to the Fund's Schedule 13D with respect to the Company filed on September 1, 2009 and incorporated by reference herein.

SE-15231 v1

Exhibit A
TRANSACTIONS IN THE SHARES BY THE FUND DURING THE PAST 60 DAYS

Date of         Number of Shares        Approximate Price
Transaction     Purchased/(Sold)        per Share
05/21/2010      12,000          $6.50
05/24/2010       4,400          $6.64
05/25/2010       5,000          $6.51
05/26/2010      40,300          $6.38
05/26/2010      10,000          $6.42
05/27/2010       4,900          $6.64
05/28/2010       8,484          $6.64
06/01/2010       7,000          $6.46
06/02/2010       5,000          $6.46
06/04/2010      23,707          $6.24
06/07/2010      19,300          $6.03
06/08/2010      12,642          $5.88
06/08/2010       2,100          $5.83
06/09/2010       1,000          $6.05
06/10/2010       3,000          $6.18
06/14/2010      10,100          $6.66
06/15/2010       1,100          $6.65
06/16/2010       2,500          $6.80
06/17/2010       1,600          $6.82
06/18/2010       8,269          $6.75
06/21/2010       8,600          $6.67
06/22/2010       8,500          $6.45
06/23/2010      31,800          $6.30
06/24/2010       3,800          $6.16
06/25/2010       2,500          $6.21
06/28/2010         401          $6.39
06/29/2010      13,300          $6.15
06/30/2010      12,700          $6.05
07/01/2010      12,600          $5.95
07/02/2010       5,422          $5.95
07/06/2010      36,550          $5.95
07/07/2010      18,000          $6.04
07/08/2010       7,100          $6.16
07/09/2010       1,100          $6.35
07/12/2010      21,600          $6.42
07/13/2010      11,272          $6.57
07/15/2010       3,899          $6.61
07/16/2010       9,108          $6.52
07/19/2010      11,003          $6.48
07/20/2010         716          $6.61

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