Red Lion is buying Knights Inn from Wyndham.
Red Lion Hotels Corporation announced that it is buying Knights Inn, one of Wyndham’s brands, for $27 million. The operation is scheduled to close in the second quarter of 2018.
The economy hotel brand Knights Inn claims 362 properties located throughout North America, plus 47 hotels in the pipeline. However, Knights Inn has a smaller footprint and lacks strong marketing compared to other Wyndham brands.
“While we’re proud of what we’ve been able to accomplish, we believe now is the right time to make this move and are confident that RLH Corporation will only continue to support and grow the brand.” said Geoff Ballotti, president and CEO of Wyndham Hotel Group.
Greg Mount, RLHC president and CEO declared: “This acquisition will increase our franchise units by over 30 percent and we will continue to grow the brand aggressively as we have demonstrated with our other brands.”