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Red Lion Disposes of Denver Hotel Friday October 26th, 2012 - 12:08AM
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DENVER–Red Lion Hotels Corp. has completed the sale of the 190-room Red Lion Hotel Denver Southeast for $13 million. The hotel was acquired by Pandey Hotel Denver, LLC, a wholly-owned subsidiary of Pandey Hotel Corp., the U.S. division of CP Group New Zealand. The new owner then entered into a franchise agreement with Red Lion. Pandey Hotel Corp. also a DoubleTree by Hilton and a former Ramada in Florida and a Baymont Inn & Suites in Las Vegas. 
Tags: Hospitality Ownership |
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.
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