SPOKANE, WA—RLHC (Red Lion Hotels Corporation) has appointed Douglas L. Ludwig as its new EVP, CFO and treasurer. Ludwig, a Canadian citizen, is expected to join the company at the end of the month after the U.S. work authorization process is completed. He will succeed interim CFO David Wright, who will resume his role as the company’s VP of accounting, tax & external reporting on Ludwig’s start date.
Ludwig spent the past 10 years as CFO at Baha Mar Resorts Limited. Baha Mar is a $3.5-billion resort and casino project in Nassau, Bahamas. Prior to his time at Baha Mar, Ludwig served for more than 20 years in various accounting, financial and strategic roles at Four Seasons Hotels Inc., including 13 years as CFO. Ludwig was responsible for all financial aspects of the company as well as leading the strategic initiative in transforming Four Seasons from a real estate intensive lodging model to an asset light services and brand value business, according to the company. Ludwig’s career began with KPMG where he advanced to senior audit manager prior to joining Four Seasons in 1984.
“Doug is a seasoned lodging veteran with over three decades of experience who will provide valuable insights as we continue to grow our platform. His experience with Four Seasons’ asset light transformation is highly complementary to the initiatives we have put in place at RLHC. We expect that his deep experience as a lodging CFO will help to ensure that our systems and financial controls are best in class to support our expanding enterprise,” said RLHC President and CEO Greg T. Mount. “We would also like to thank David Wright for all of his hard work as interim CFO during this transition period. David and his team have worked tirelessly to ensure that our financial reporting function ran smoothly during this time. He is a valuable member of the team and will be instrumental in supporting Doug as he integrates with RLHC.”