Sonesta International to Acquire Red Lion Hotels
Photo Credit: Sonesta International Hotels Corp. continued its growth streak up until the final minutes of 2020 with plans to acquire RLH Corp. Wikimedia / Dan Lang
Skift Take
Sonesta continues its streak as one of the hotel industry’s biggest pandemic success stories with plans to acquire RLH Corp.
A smaller Boston-based hotel company that added hundreds of hotels to its portfolio during the pandemic managed to squeak out one last deal before the end of 2020.
Sonesta International Hotels Corp. late Wednesday night announced an acquisition agreement with RLH Corp., parent company of Red Lion Hotels and Americas Best Value Inn. Sonesta will acquire RLH’s more than 900 hotels across North America, a deal self-described as turning the Boston company into one of the largest hotel companies in the U.S. with roughly 1,200 hotels should the deal finalize.
The RLH deal is the latest in a year of opportunity for Sonesta, which added roughly 200 hotels to its portfolio in recent months due to disputes between major brands like Marriott and IHG and landlord Service Properties
