Red Lion Hotels Sells Commercial Mall in Kalispell, Montana; Enters Lease Agreement to Continue Operating the 170-room Red Lion Hotel Kalispell / April 2013

SPOKANE, Wash., April 26, 2013 -- Red Lion Hotels Corporation (NYSE: RLH) today announced it has sold for $11.6 million the Kalispell Center Mall in Montana to WSPGB Mall, LLC, an affiliate of Woodbury Strategic Partners and Goodale & Barbieri Company. As part of the agreement, the company has entered into a long term lease to continue to operate the attached Red Lion Hotel Kalispell.

"The sale of the Kalispell Center Mall allows us to access the value from this asset to pay down debt and invest in our owned hotels," said Jon E. Eliassen, President and Chief Executive Officer of Red Lion Hotels Corporation. "We are happy with the opportunity to continue to operate our hotel in Kalispell. This market has been, and will continue to be, important to Red Lion for many years."

The sale of the Kalispell Center Mall completes the company's disposition of non-hotel operating assets. Located at 20 N Main St, the mall was built in 1986 with the attached hotel. The development brought national department stores such as JC Penney and Herberger's, which remain there today. The property manager, Goodale & Barbieri, will continue to manage the property for the new ownership group.

The Red Lion Hotel Kalispell is a 170-room property situated adjacent to the historic downtown. The hotel has a wood-burning rock fireplace, an outdoor courtyard with a fire pit and whirlpool, a renovated solarium with an indoor pool and over 10,000 square feet of meeting space.

About Red Lion Hotels Corporation

Red Lion Hotels Corporation is a hospitality company primarily engaged in the franchising, ownership and operation of hotels located in nine states and one Canadian province. As of April 4, 2013, the company has 51 hotels system wide. The Red Lion Hotels and Red Lion Inn & Suites network is comprised of 50 hotels with 8,926 rooms and 470,387 square feet of meeting space. The Leo Hotel Collection is comprised of one hotel with 2,956 rooms and 220,000 square feet of meeting space. The Company also owns and operates an entertainment and event ticket distribution business. For more information, please visit the Company's website at www.redlion.com.

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See Also:	Red Lion Hotels Corporation Sells and Franchises the 170-room Red Lion Hotel Pendleton in Oregon / April 2013
	Red Lion Hotels Corporation Signs Franchise Agreement for the 61-room Inn & Suites in Kennewick, Washington; Owned by Sandhu NW Hospitality / March 2013
	Red Lion Hotels Corporation Sells The Red Lion Inn Missoula in Montana for $1.95 Million; New Owners, RASM Properties, Sign Franchise Agreement with Red Lion / February 2013
	Red Lion Inn & Suites in Kent, Washington Officially Converted to Red Lion Brand / February 2013
	The 2,956-room LVH - Las Vegas Hotel & Casino to be First to Join Red Lion Hotels' New Leo Hotel Collection / February 2013
	Red Lion Hotels Introduces New Brand in Development, The Leo Hotel Collection; To be Comprised of Unique, Boutique and/or Historic Hotels in Key Markets / January 2013
	Red Lion Hotels Opens the 87-room Red Lion Inn & Suites Denver International Airport in Colorado / January 2013
	Red Lion Hotels Appoints Four New Board Members Expanding Board to Nine Directors and Names Melvin L. Keating as Interim Chairman / December 2012
	Red Lion Hotels Signs Franchise Agreement for the 60-room Future Red Lion Inn & Suites Kent in Kent, Washington; Owners, Kent South Hospitality, Plan Extensive Renovations to Guest Rooms, Public Space, and the Hotel's Exterior / November 2012
	Red Lion Hotels Completes Sale of the 190-room Red Lion Hotel Denver Southeast in Colorado for $13 Million; Signs Franchise Agreement with New Owner, Pandey Hotel Denver LLC / October 2012
	Red Lion Hotels Adds New Franchise with the 306-room Red Lion Hotel Woodlake Conference Center in Sacramento, California / October 2012
	Red Lion Hotels Hires Steve Krebs as Director of Lodging Development / October 2012
	Red Lion Hotels Signs Franchise Agreement for Hotel at Denver, Colorado International Airport; The Future 87-room Red Lion Inn and Suites Denver Airport Owned by Tower Hospitality will Open by November 2012 / September 2012
	Red Lion Hotels Suspends Formal Strategic Alternatives Process on Recommendation of the Strategic Alternatives Committee; Further, Donald K. Barbieri, Chairman of the Board to Retire / September 2012
	Red Lion Hotels Sells the Red Lion Hotel Sacramento at Arden Village in California for $9 Million, Adds New Franchise, the Red Lion Hotel Woodlake Conference Center Sacramento / September 2012
	Red Lion Hotels Sells the 478-room Red Lion Hotel Denver Southeast in Colorado for $13 Million / August 2012
	Red Lion Hotels Sells the 149-room Red Lion Colonial Hotel in Helena, Montana to Helena Colonial L.L.C. for $5.6 Million; The Hotel will Maintain the Red Lion Brand / July 2012
	Red Lion Hotels Signs Franchise Agreement for Cathedral City, California Hotel; The 97-room Quality Inn & Suites Date Palm will Convert to Red Lion Hotel Cathedral City in Fall 2012 / July 2012
	Ron Burgett Joins Red Lion Hotels Corporation as Executive Vice President, Brand Development / July 2012
	Red Lion Hotels Offers Risk Free Meetings with Zero Attrition to Planners through 2012 / March 2012
	The Former 126-room Best Western Hotel in Grants, New Mexico is Re-branded as the Red Lion Hotel Grants / December 2011
	Red Lion Hotels Brand Chosen for Two Former Best Western Hotels in New Mexico; The 192-room Red Lion Hotel Farmington and the 126-room Red Lion Hotel Gallup are Now Open for Business / November 2011
	Red Lion Hotels Acquires Ten Previously Leased Hotels From iStar Financial for $37 million / November 2011
	Red Lion Hotels Continues Expansion in New Mexico with the Addition of the 126-room Red Lion Hotel Grants Formerly the Best Western Inn & Suites of Grants / October 2011
	Red Lion Hotels Names Julie Shiflett as Executive Vice President and Chief Financial Officer / September 2011
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	Red Lion Hotels Plans Sale of Two Properties; the Red Lion Hotel Fifth Avenue in Seattle and the Red Lion Hotel Denver Southeast / January 2011
	Red Lion Hotels Enters into Two New Franchise Agreement in Northern California / November 2010
	Red Lion Hotels Corporation Hires Dan Jackson as Senior Vice President and Chief Financial Officer / November 2010
	Red Lion Hotels Expands Board of Directors; Appoints Melvin L. Keating to Board / July 2010
	Red Lion Hotels Appoints Richard P. Carlson as Vice President - Lodging Development / March 2010
	Directors of Red Lion Hotels Remove Anupam Narayan as Chief Executive Officer; No Reason Given / January 2010