Red Lion Hotels Provides Update on Its Review of Strategic Alternatives

SPOKANE, Wash., Aug. 5 /PRNewswire-FirstCall/ -- Red Lion Hotels
Corporation (NYSE: RLH) today announced that in connection with its current
review of strategic alternatives, the company has executed several
confidentiality agreements with third parties, including one with Columbia
Pacific Opportunity Fund, LP. The company also said that its Board of
Directors has made no decision on whether it will pursue any transaction.
About Red Lion Hotels Corporation:
Red Lion Hotels Corporation is a hospitality and leisure company primarily
engaged in the ownership, operation and franchising of upscale and midscale
hotels under its Red Lion(R) brand. As of March 31, 2008 the RLH hotel network
was comprised of 53 hotels located in nine states and one Canadian province,
with 9,266 rooms and 441,640 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.
Contact:
Red Lion Hotels Corporation
Julie Langenheim, Investor Relations Manager
(509) 777-6322

Investor Relations:
ICR Inc.
William Schmitt
(203) 682-8200

SOURCE Red Lion Hotels Corporation

Julie Langenheim, Investor Relations Manager, Red Lion Hotels Corporation,
+1-509-777-6322; or Investor Relations, William Schmitt of ICR Inc.,
+1-203-682-8200