Red Lion Corp. said it?s putting up for sale its Red Lion Hotel Fifth Avenue in downtown Seattle. The sale of the 297-room hotel will be handled by CB Richard Ellis Hotels. According to Spokane-based Red Lion (NYSE: RLH), it will also put up for sale its Red Lion Hotel in southeast Denver. After the Seattle hotel is sold, Red Lion said it plans to structure the deal so that Red Lion will continue to manage the Fifth Avenue facility. ?The sale of these properties will allow us to unlock real...
Source: http://feeds.bizjournals.com/~r/bizj_seattle/~3/Nmwh-O9l18Q/red-lion-puts-downtown-seattle-hotel.html
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