Westcoast Hospitality (NYSE:WEH)
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WestCoast Hospitality Corporation Adds the Red Lion Hotel on the
River in Portland, Oregon to Its Family of Hotels
SPOKANE, Wash., Feb. 2 /PRNewswire-FirstCall/ -- WestCoast Hospitality
Corporation (NYSE:WEH) today announced an addition to its Red Lion brand. The
owner of the DoubleTree Hotel-Jantzen Beach in Portland, Oregon has executed a
franchise license agreement with the Company's subsidiary, WestCoast Hotels,
Inc. The 318 room property will open as the Red Lion Hotel on the River in late
March, 2005. The hotel is managed by North Pacific Management, Inc., and
features wireless high speed Internet access, pool, fitness center, tennis
courts and a business center.
WestCoast recently announced a $40 million facility improvement plan for its
owned Red Lion Hotels which will accelerate the company's ongoing program to
improve hotel quality by increasing guest comfort, freshening decor and
modernizing with new technology. Consistent with this plan, the Red Lion Hotel
on the River will undergo renovations that will include updated bathrooms, new
plush pillow top Red Lion "Stay Comfortable" beds and new decor in all sleeping
rooms and meeting space. To take advantage of the beauty of the hotel's
riverside location, there will be new outdoor meeting space directly on the
banks of the Columbia River with riverside decks, a lobby bar and a double
stone fireplace built into the lobby.
The hotel has 34,000 square feet of meeting space. Of that space, 18,000 square
feet is a ballroom that will be configurable to allow flexible conference and
meeting space. The hotel is located a half mile away from the Jantzen Beach
Supercenter Mall and minutes from the Portland Airport, downtown and the
Portland Expo Center. All renovations to sleeping rooms and meeting space will
be designed to accentuate riverfront views and riverside access, with emphasis
on guest service and the overall guest experience.
"We are very pleased to be teaming up with Red Lion Hotels. We want to make
this the best hotel in Portland," said Brett Wilkerson, Vice President of Hotel
operations for North Pacific Management, Inc. "The capital improvements we are
planning will make the hotel a true resort in the city, a destination for
business, leisure and restaurant guests."
John Taffin, Executive Vice President Hotel, Operations for WestCoast
Hospitality Corporation said, "It will be wonderful to have the Red Lion Hotel
on the River in our family of hotels. The property was at one time a flag-ship
hotel of the Red Lion brand in the Portland area. This hotel fits well with the
Red Lion growth strategy of having excellent combination meeting, business and
leisure hotels in primary markets."
About North Pacific Management, Inc.
North Pacific Management is based in Portland, Oregon. Some of the other
properties managed by North Pacific Management include: The Heathman Lodge in
Vancouver, Washington, SouthPark Seafood Grill & Wine Bar in Portland, Oregon,
Radisson at the Airport in Portland, Oregon, and Ashland Springs Hotel in
Ashland, Oregon.
About WestCoast Hospitality
WestCoast Hospitality Corporation is a hospitality and leisure company
primarily engaged in the ownership, management, development and franchising of
mid-scale, full service hotels under its WestCoast(R) and Red Lion(R) brands.
In addition, through its entertainment division, which includes its
TicketsWest.com, Inc. subsidiary, it engages in event ticket distribution and
promotes and presents a variety of entertainment productions. G&B Real Estate
Services, its real estate division, engages in traditional real estate-related
services, including developing, managing and acting as a broker for sales and
leases of commercial and multi-unit residential properties.
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, matters discussed in the Company's annual report on Form 10-K for the
2003 fiscal year and in other documents filed by the Company with the
Securities and Exchange Commission.
CONTACT:
Julie Langenheim
Investor Relations Manager
WestCoast Hospitality Corporation
+1-509-777-6322
DATASOURCE: WestCoast Hospitality Corporation
CONTACT: Julie Langenheim, Investor Relations Manager, of WestCoast
Hospitality Corporation, +1-509-777-6322, or
Web site: http://www.ticketswest.com/
Web site: http://www.westcoasthotels.com/