Red Lion Hotel Corporation Appoints Industry Veteran John Russell Interim Chief Executive Officer
December 03 2019 - 07:00AM
Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), today
announced industry veteran John J. Russell, Jr. has been appointed
interim Chief Executive Officer. Mr. Russell, an expert on
hotel brand growth with 40 years of hospitality experience, joins
RLH to assist the executive management team in running the
business, accelerating franchise sales, improving franchisee
retention and aligning our cost structure with the size of our
operations. The Board of RLH Corporation will continue the search
for a permanent Chief Executive Officer during Mr. Russell’s
tenure.
Bob Wolfe, Chairman of the Board, stated, “It is
my pleasure to welcome John to the RLH team as our Interim
CEO. John brings extensive hospitality experience including a
proven history of expanding brands and growing franchise
sales. He is a seasoned leader with global experience in
lodging franchise management, operations, development, and
marketing for hotels and resorts. His prior positions include
Vice Chairman of the Travel Division of the Cendant Corporation,
the predecessor to Wyndham Hotels, and CEO of Cendant’s hotel
division where he was credited with the rapid growth of the Days
Inn brand. We look forward to leveraging John’s expertise to help
advance our franchise operations, accelerate organic growth and
improve our franchisee retention, as our ongoing CEO search
continues.”
Mr. Russell was most recently President and
Chief Operating Officer with Sentry Hospitality. His
responsibilities included overseeing operations, finance and
marketing for resorts, lifestyle hotels and executive conference
centers. Additional positions held during his successful
career include Chairman and CEO or Senior Executive for companies
including ITT Sheraton, Days Inn of America, Carlson Companies,
Benchmark Hospitality, HFS, Cendant, RCI, Yesawich, Pepperdine,
Brown and Russell (Partner), NYLO Hotels, MODO Hotels and
CampusBrands. Mr. Russell has proven to be a successful brand
builder and innovator of new brands such as Wingate Inns, NYLO and
XP by NYLO, and MODO Hotels, and led the accelerated growth of
legacy brands such as Days Inn, Ramada, Howard Johnson and Super
8. He was also CEO for three hotel management companies
including Days Inns Management Company, Colony Hotels and Resorts,
and NYLO Hotels. Mr. Russell served as Chairman of the
American Hotel and Lodging Association along with serving two terms
as President of the Hospitality Sales Marketing Association.
Mr. Russell is a graduate of West Point, United States Military
Academy.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of federal securities law, including
statements concerning plans, objectives, goals, strategies,
projections of future events or performance and underlying
assumptions (many of which are based, in turn, upon further
assumptions). The forward-looking statements in this press release
are inherently subject to a variety of risks and uncertainties that
could cause actual results to differ materially from those
expressed. Such risks and uncertainties include, among others,
economic cycles; international conflicts; changes in future demand
and supply for hotel rooms; competitive conditions in the lodging
industry; relationships with franchisees and properties; impact of
government regulations; ability to obtain financing; changes in
energy, healthcare, insurance and other operating expenses; ability
to sell non-core assets; ability to locate lessees for rental
property; dependency upon the ability and experience of executive
officers and ability to retain or replace such officers as well as
other matters discussed in the Company's annual report on Form 10-K
for the year ended December 31, 2018, and in other documents
filed by the Company with the Securities and Exchange
Commission. The Company undertakes no intent or obligation to
publicly update or revise any forward-looking statements.
About RLH CorporationRLH
Corporation is an innovative hotel company focused on the
franchising of upscale, midscale and economy hotels. The company
maximizes return on invested capital for hotel owners across North
America through relevant brands, industry-leading technology and
forward-thinking services. For more information, please visit the
company's website at www.rlhco.com.
Social
Mediawww.Facebook.com/myhellorewards www.Twitter.com/myhellorewards www.Instagram.com/myhellorewards www.LinkedIn.com/company/rlhco
Investor Relations ContactNikki SacksInvestor
Relations 203-682-8263investorrelations@rlhco.com
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