Red Lion signs franchise agreements with three New Mexico hotels

RLHC (Red Lion Hotels Corporation) signed franchise license agreements with the new owners of three hotels in New Mexico.

The Red Lion Hotel Gallup, Red Lion Hotel Farmington and Red Lion Hotel Grants were purchased by separate entities controlled by First Capital Real Estate Investments. In turn, the new owners named Chandler Hotel Group as its management company.

The new owners plan to invest substantially in each of the three properties, upgrading the lobbies, restaurants and guestroom amenities over the next several months.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

Ahead of this week's Questex-sponsored Israel Hotel Investment Summit, Meitar Liquornik Geva Leshem Tal partner Carmit Bar-On talks opportunities.

According to STR’s latest hotel pipeline report, Europe has 1,620 hotels with 205,383 rooms under construction as of October. 

The 523-room city-center Hard Rock Hotel Prague is slated to open in 2023.