Red Lion Hotels Corporation
Red Lion Hotels CORP (Form: SC 13D/A, Received: 09/01/2009 16:24:58)
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13D
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*


Red Lion Hotels Corporation
(Name of Issuer)


Common Stock
(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)


February 24, 2009
(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/A, and is filing this schedule because of ss.240.13D-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X].
 
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.
 
   
*   The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 
 

 


CUSIP No.
756764106
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Columbia Pacific Opportunity Fund, L.P.
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
   
(a)  [_]
   
(b)  [X]
3.
SEC USE ONLY
 
     
4.
SOURCE OF FUNDS*
 
     
 
WC
 
 
5.
CHECK BOX 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
 
 
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
3,320,306
 
     
9.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
 
     
 
3,320,306
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
3,320,306
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
[_]
 
CERTAIN SHARES*
 
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
18.3%
 

14.
TYPE OF REPORTING PERSON
 
     
 
PN
 


 
 

 


CUSIP No.
756764106
   
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Columbia Pacific Advisors, LLC
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
4.
SOURCE OF FUNDS*
 
     
 
AF
 
     
5.
CHECK BOX 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
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
3,320,306
 
     
9.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
 
     
 
3,320,306
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
3,320,306
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
18.3%
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
IA
 




 
 

 


CUSIP No.
756764106
 

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Alexander B. Washburn
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
4.
SOURCE OF FUNDS*
 
     
 
AF
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
     
7.
SOLE VOTING POWER
 
     
 
0
 
 
8.
SHARED VOTING POWER
 
     
 
3,320,306
 
     
9.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
 
     
 
3,320,306
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTINGERSON
 
     
 
3,320,306
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
       
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
       
 
18.3%
   
       
14.
TYPE OF REPORTING PERSON
   
       
 
IN
   



 
 

 


CUSIP No.
756764106
 

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Daniel R. Baty
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
4.
SOURCE OF FUNDS*
 
     
 
AF
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
3,320,306
 
     
9.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
 
     
 
3,320,306
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
3,320,306
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
18.3%
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
IN
 

 

 
 

 


CUSIP No.
756764106
   

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Stanley L. Baty
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
4.
SOURCE OF FUNDS*
 
     
 
AF
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
   
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
3,320,306
 
     
9.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
 
     
 
3,320,306
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
     
 
3,320,306
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
18.3%
 
     
14.
TYPE OF REPORTING PERSON
 
     
 
IN
 

 
 
 

 


CUSIP No.
756764106
 

1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
     
 
Brandon D. Baty
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
 
     
     
4.
SOURCE OF FUNDS*
 
     
 
AF
 
     
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
     
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
     
 
United States
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
7.
SOLE VOTING POWER
 
     
 
0
 
     
8.
SHARED VOTING POWER
 
     
 
3,320,306
 
     
9.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
10.
SHARED DISPOSITIVE POWER
 
     
 
3,320,306
 
     
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
     
 
3,320,306
 
     
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
     
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
     
 
18.3%
 
     
14.
TYPE OF REPORTING PERSON
 
       
 
IN
   

 
 
 

 


CUSIP No.
756764106

Item 1.
Security and Issuer.
 

 
NO MATERIAL CHANGE FROM PREVIOUS 13D/A FILED ON FEBRUARY 11, 2009.
   
   

Item 2.
Identity and Background.
 

 
NO MATERIAL CHANGE FROM PREVIOUS 13D/A FILED ON FEBRUARY 11, 2009.
 

Item 3.
Source and Amount of Funds or Other Consideration.
 

 
As of the date hereof Columbia Pacific Opportunity Fund, L.P. may be deemed to beneficially own 3,320,306 Shares.
 
As of the date hereof Columbia Pacific Advisors, LLC may be deemed to beneficially own 3,320,306 Shares.
 
As of the date hereof Alexander B. Washburn may be deemed to beneficially own 3,320,306 Shares.
 
As of the date hereof Daniel R. Baty may be deemed to beneficially own 3,320,306 Shares.
 
As of the date hereof Stanley L. Baty may be deemed to beneficially own 3,320,306 Shares.
 
As of the date hereof Brandon D. Baty may be deemed to beneficially own 3,320,306 Shares.
 
No borrowed funds were used to purchase the Shares reported herein, other than any borrowed funds used for working capital purposes in the ordinary course of business.
 
   

Item 4.
Purpose of Transaction.
 

 
NO MATERIAL CHANGE FROM PREVIOUS 13D/A FILED ON FEBRUARY 11, 2009.
 


 
 

 


Item 5.
Interest in Securities of the Issuer.
 
     
 
As of the date hereof, the Reporting Persons may be deemed to beneficially own 3,320,306 Shares, or 18.3% of the Shares of the Issuer, based upon the 18,162,143 Shares outstanding as of August 3, 2009, according to the Issuer’s most recent Form 10-Q filing.
 
Columbia Pacific Opportunity Fund, L.P. shares the power to vote or direct the vote of 3,320,306 Shares to which this filing relates.  Columbia Pacific Opportunity Fund, L.P. has the sole power to vote or direct the vote of 0 Shares to which this filing relates.  Columbia Pacific Opportunity Fund, L.P. shares the power to dispose or direct the disposition of the 3,320,306 Shares to which this filing relates.  Columbia Pacific Opportunity Fund, L.P. has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.  Columbia Pacific Opportunity Fund, L.P. specifically disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.
 
Columbia Pacific Advisors, LLC shares the power to vote or direct the vote of 3,320,306 Shares to which this filing relates.  Columbia Pacific Advisors, LLC has the sole power to vote or direct the vote of 0 Shares to which this filing relates.  Columbia Pacific Advisors, LLC shares the power to dispose or direct the disposition of the 3,320,306 Shares to which this filing relates.  Columbia Pacific Advisors, LLC has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.  Columbia Pacific Advisors, LLC specifically disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.
 
Alexander B. Washburn shares the power to vote or direct the vote of 3,320,306 Shares to which this filing relates.  Alexander B. Washburn has the sole power to vote or direct the vote of 0 Shares to which this filing relates.  Alexander B. Washburn shares the power to dispose or direct the disposition of the 3,320,306 Shares to which this filing relates.  Alexander B. Washburn has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.  Alexander B. Washburn specifically disclaims beneficial ownership in the Shares reported herein except to the extent of his pecuniary interest therein.
 
Daniel R. Baty shares the power to vote or direct the vote of 3,320,306 Shares to which this filing relates.  Daniel R. Baty has the sole power to vote or direct the vote of 0 Shares to which this filing relates.  Daniel R. Baty shares the power to dispose or direct the disposition of the 3,320,306 Shares to which this filing relates.  Daniel R. Baty has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.  Daniel R. Baty specifically disclaims beneficial ownership in the Shares reported herein except to the extent of his pecuniary interest therein.
 
Stanley L. Baty shares the power to vote or direct the vote of 3,320,306 Shares to which this filing relates.  Stanley L. Baty has the sole power to vote or direct the vote of 0 Shares to which this filing relates.  Stanley L. Baty shares the power to dispose or direct the disposition of the 3,320,306 Shares to which this filing relates.  Stanley L. Baty has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.  Stanley L. Baty specifically disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.

 
 

 


   
 
Brandon D. Baty shares the power to vote or direct the vote of 3,320,306 Shares to which this filing relates.  Brandon D. Baty has the sole power to vote or direct the vote of 0 Shares to which this filing relates.  Brandon D. Baty shares the power to dispose or direct the disposition of the 3,320,306 Shares to which this filing relates.  Brandon D. Baty has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates.  Brandon D. Baty specifically disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein.
 
Each of the Reporting Persons has the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, a portion of the Shares reported herein.
 
The trading dates, number of shares purchased and sold and price per share for all transactions in the Shares since the filing of the most recent Schedule 13D/A on February 11, 2009 by the Reporting Persons on behalf of the Funds were all effected in unsolicited broker transactions on the New York Stock Exchange as set forth on Exhibit B.
   

Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect
 
 
to Securities of the Issuer.
 

 
NO MATERIAL CHANGE FROM PREVIOUS 13D/A FILED ON FEBRUARY 11, 2009.
   
   
Item 7.
Material to be Filed as Exhibits.
 

 
Exhibit A: Agreement between the Reporting Persons to file jointly
 
Exhibit B: Schedule of Transactions in the Shares of the Issuer
   


 
 

 


SIGNATURE

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.

 
August 6, 2009
 
(Date)
   
 
COLUMBIA PACIFIC OPPORTUNITY FUND, L.P.*
 
 
/s/ Alexander B. Washburn
 
Name: Alexander B. Washburn
Title: Managing Member of Columbia Pacific Advisors, LLC, its general partner
   
 
COLUMBIA PACIFIC ADVISORS, LLC*
 
 
/s/ Alexander B. Washburn
 
Name: Alexander B. Washburn
Title: Managing Member
 
ALEXANDER B. WASHBURN*
 
/s/ Alexander B. Washburn
 
 
DANIEL R. BATY*
 
/s/ Daniel R. Baty
 
 
STANLEY L. BATY*
 
/s/ Stanley L. Baty
 
 
BRANDON D. BATY*
 
/s/ Brandon D. Baty


* The Reporting Persons disclaim beneficial ownership over the securities reported herein except to the extent of the reporting persons’ pecuniary interest therein.

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

 
 

 

Exhibit A
Joint Filing Agreement

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees that only one statement containing the information required by Schedule 13D/A need be filed with respect to the ownership by each of the undersigned of Common Stock of Red Lion Hotels Corporation.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

Executed this 6th day of August, 2009.

 
COLUMBIA PACIFIC OPPORTUNITY FUND, L.P.
 
 
/s/ Alexander B. Washburn
 
Name: Alexander B. Washburn
Title: Managing Member of Columbia Pacific Advisors, LLC, its general partner
   
 
COLUMBIA PACIFIC ADVISORS, LLC
 
 
/s/ Alexander B. Washburn
 
Name: Alexander B. Washburn
Title: Managing Member
 
 
ALEXANDER B. WASHBURN
 
/s/ Alexander B. Washburn
 
 
DANIEL R. BATY
 
/s/ Daniel R. Baty
 
 
STANLEY L. BATY
 
/s/ Stanley L. Baty
 
 
BRANDON D. BATY
 
/s/ Brandon D. Baty


 
 

 

Exhibit B

TRANSACTIONS IN THE SHARES


 
 
Date of Transaction
Number of Shares Purchased/(Sold)
 
Price of Shares
     
2/11/2009
13,400
2.5100
2/12/2009
17,200
2.6100
2/13/2009
27,000
2.6094
2/17/2009
13,300
2.4352
2/18/2009
18,639
2.4139
2/19/2009
6,100
2.5475
2/20/2009
31,400
2.4500
2/23/2009
4,900
2.5027
2/24/2009
51,600
2.5900
2/25/2009
2,500
2.6900
2/26/2009
3,300
2.6500
3/2/2009
20,400
2.7299
3/3/2009
11,900
2.6287
3/4/2009
14,600
2.7100
3/5/2009
5,600
2.6700
3/6/2009
4,500
2.6900
3/9/2009
25,100
2.5600
3/10/2009
6,500
2.7200
3/11/2009
7,500
2.6680
3/12/2009
4,300
2.7600
3/13/2009
2,500
2.8098
3/14/2009
7,800
2.7716
3/16/2009
7,800
2.7716
3/17/2009
2,956
2.8000
3/18/2009
17,267
2.7700
3/19/2009
5,800
2.8300
3/23/2009
35,300
2.8000
3/24/2009
4,200
2.7900
3/25/2009
4,000
2.8400
3/26/2009
52,400
2.8400
3/27/2009
4,000
2.8400
3/30/2009
7,600
2.7700
3/31/2009
5,400
2.8700
4/1/2009
2,400
2.9000
4/2/2009
10,200
2.9300
4/3/2009
5,700
2.9700
4/6/2009
4,800
2.8960
4/7/2009
9,200
2.9487
4/8/2009
7,500
2.9280
4/9/2009
5,000
3.1000
4/13/2009
4,900
3.0100
4/15/2009
3,500
3.0550
4/16/2009
400
3.2350
4/17/2009
2,400
3.2263
4/21/2009
2,700
3.3219
4/29/2009
2,000
4.0820
4/30/2009
5,400
4.0800


 
 

 


5/1/2009
4,500
4.2700
5/4/2009
1,900
4.2600
5/5/2009
2,200
4.3186
5/7/2009
2,500
4.5852
5/8/2009
7,500
4.4717
5/11/2009
5,000
4.4576
5/12/2009
3,500
4.4674
5/13/2009
9,800
4.3331
5/15/2009
1,000
4.6070
5/15/2009
800
4.6413
5/18/2009
6,200
4.6685
5/19/2009
5,100
4.6208
5/20/2009
5,100
4.5831
5/21/2009
5,700
4.5839
5/22/2009
4,300
4.5800
5/26/2009
5,200
4.7242
5/28/2009
12,300
4.8326
5/29/2009
4,300
4.8808
6/1/2009
7,000
4.8837
6/2/2009
14,200
4.7113
6/3/2009
2,650
4.6429
6/4/2009
5,125
4.8485
6/5/2009
9,800
4.7919
6/8/2009
4,900
4.8222
6/9/2009
4,000
4.9189
6/10/2009
3,800
4.8384
6/11/2009
10,400
4.9019
6/12/2009
5,258
4.8330
6/15/2009
25,700
4.6709
6/16/2009
17,500
4.4017
6/17/2009
8,800
4.3357
6/18/2009
20,000
4.3679
6/19/2009
19,300
4.3047
6/22/2009
16,300
4.2412
6/23/2009
24,200
4.1419
6/24/2009
43,900
4.2372
6/25/2009
51,599
4.0575
6/29/2009
47,501
4.3477
6/30/2009
6,700
4.5518
7/2/2009
4,590
4.4587
7/6/2009
31,113
4.0965
7/7/2009
3,000
4.1773
7/8/2009
3,000
4.2500




SK 26193 0001 1007535