Red Lion looks to cut debt through possible sale, merger

Red Lion Hotels CEO Jon Eliassen underlined the company's 2012 goal of reducing its outstanding debt and maximizing shareholder value, possibly by selling the company or merging with a third party. "Concurrent with executing on our internal strategy, we remain open-minded about all options and intend to evaluate them thoughtfully and carefully," Eliassen said. Red Lion's quarterly revenue per available room increased 7.7% on a rise in occupancy, to 52%.

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Red Lion focused on reducing debt in 2012 -

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