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Red Lion Disposes of Denver Hotel

Friday October 26th, 2012 - 12:08AM

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.