Red Lion Hotels Corp., of Spokane, said in its second-quarter earnings report released this afternoon that it has moved its corporate headquarters and principal executive offices to Denver.
The company, which has roots that trace back to 80-year-old, Spokane-based Goodale & Barbieri Cos., will maintain a regional offices in Spokane, as well as in Coral Springs, Fla.
In the earnings release, Red Lion said, ÒAs a growing hospitality company with a hotel network that extends throughout the United States and Canada, the company’s management believes having the headquarters in Denver will allow RLH Corporation to be more accessible to its franchisees, partners, vendors, and employees.Ó
Red Lion currently is headquartered at 201 W. North River Drive, on the periphery of downtown Spokane.
In its earnings report, Red Lion reported a second-quarter net loss of $66,000, down compared with net income of $163,000, or 1 cent a diluted share, during the year-earlier period. For the first six months of the year, the company posted a net loss of $3.7 million, or 17 cents a share, compared with a loss of $4.6 million, or 23 cents a share, in the year-earlier period.
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