RLHC (Red Lion Hotels Corporation) signed a franchise license agreement with an affiliate of Three Wall Capital to convert a hotel in Brooklyn to a Red Lion Inn & Suites within the next few weeks. Under the agreement, the hotel will continue to be managed by Boast Hotel Management Company.
“This officially marks our foray into New York City,” said RLHC SVP and CFO Brian Quinn. “Brooklyn is exploding with development and the hospitality industry is riding on the coattails of this tremendous growth. With the signing of this agreement, we are working with one of the most reputable ownership and management companies on the East Coast in one of the top markets. In the last few weeks, we have announced hotels opening or set to open in Baltimore, Washington DC, Harrisburg and Atlanta, all furthering our nationwide growth.”
The future Red Lion Inn & Suites Brooklyn has 104 guestrooms, an indoor hot tub complimentary breakfast. Built in 2007, the hotel is located in historic Park Slope Brooklyn and Cobble Hill. As part of the conversion to Red Lion, the hotel will be upgraded with new guestrooms which reflect the vibrant character of Park Slope in Brooklyn. In addition to new guestrooms, all public spaces, the breakfast area, technology and guest reception will be upgraded. The renovation should be completed by the end of the first quarter of 2016.
As the nearest hotel to the Barclays Center, an entertainment and sports arena which is home to the Brooklyn Nets and New York Islanders, the hotel is also located to the Long Island Rail Road (LIRR) Atlantic Terminal at Barclays Center which links to downtown Manhattan as well as JFK International Airport. The hotel is two miles from the Brooklyn Bridge, Brooklyn Museum and Prospect Park, Brooklyn’s 585-acre flagship park.