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8-K - FORM 8-K - Red Lion Hotels CORP | v58316e8vk.htm |
Exhibit 99.1
Red Lion Hotels Names Eliassen
President and Chief Executive Officer
President and Chief Executive Officer
(Spokane, WA, February 14, 2011) Red Lion Hotels Corporation (NYSE: RLH) announced today
that Jon E. Eliassen has been named by the companys Board of Directors to the permanent position
of President and Chief Executive Officer, removing his previous interim status. Eliassen served as
Interim President and CEO since January 2010, when he replaced Anupam Narayan. Prior to that
appointment, Eliassen served on the companys Board of Directors since September 2003.
Having assumed the role of Interim President and CEO during a challenging time for the lodging
industry and the company, the Board is very pleased with the strides Red Lion has made under Jons
leadership, said Donald K. Barbieri, Chairman of the Board of Directors for Red Lion Hotels
Corporation. We are confident in the strategy set by Jon and his executive team to grow the brand
and increase shareholder value.
Eliassen was President and Chief Executive Officer of the Spokane Area Economic Development Council
from 2003 until 2007. He retired in 2003 from his position as Senior Vice President and Chief
Financial Officer of Avista Corp., a publicly-traded diversified utility. During his 33 years at
Avista, Eliassen actively participated in the development of a number of successful unregulated
subsidiary companies including Itron, Avista Labs and Avista Advantage.
Eliassen currently serves as Chairman of the Board of Directors of Itron Corporation, serves as a
member of the Board of Directors of IT Lifeline, Inc., and is the principal of Terrapin Capital
Group, LLC.
About Red Lion Hotels Corporation:
Red Lion Hotels Corporation is a hospitality and leisure company primarily engaged in the
ownership, operation and franchising of midscale full, select and limited service hotels under its
Red Lion® brand. As of September 30, 2010, the RLH hotel network was comprised of 43 hotels located
in eight states and one Canadian province, with 8,384 rooms and 419,987 square feet of meeting
space. The company also owns and operates an entertainment and event ticket distribution business.
For more information, please visit the companys website at www.redlion.com.