Red Lion Hotels 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Red Lion Hotels CORP
Entity Central Index Key	1,052,595
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		20,051,145

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 75,889	$ 5,126
Restricted cash	13,303	225
Short-term investments	7,866	0
Accounts receivable, net	8,909	6,752
Notes receivable, net	287	2,944
Inventories	1,065	1,013
Prepaid expenses and other	3,753	3,671
Deferred income taxes	629	0
Assets held for sale	0	21,173
Total current assets	111,701	40,904
Property and equipment, net	168,070	160,410
Goodwill	8,512	8,512
Intangible assets	15,474	7,012
Notes receivable, long term	1,685	2,340
Other assets, net	4,249	3,849
Total assets	309,691	223,027
Current liabilities:
Accounts payable	5,632	2,952
Accrued payroll and related benefits	6,767	4,567
Other accrued entertainment expenses	8,374	5,625
Other accrued expenses	6,467	2,547
Deferred income taxes	0	2,778
Total current liabilities	27,240	18,469
Long-term debt, due after one year, net of discount	102,265	60,698
Deferred income	2,637	2,988
Deferred income taxes	3,442	35
Total liabilities	$ 135,584	$ 82,190
Commitments and contingencies
Red Lion Hotels Corporation stockholders' equity
Preferred stock- 5,000,000 shares authorized; $0.01 par value; no shares issued or outstanding	$ 0	$ 0
Common stock - 50,000,000 shares authorized; $0.01 par value; 20,039,079 and 19,846,508 shares issued and outstanding	200	198
Additional paid-in capital	143,299	153,671
Accumulated other comprehensive income (loss)	0	(203)
Retained earnings (accumulated deficit)	(3,780)	(12,829)
Total Red Lion Hotels Corporation stockholders' equity	139,719	140,837
Noncontrolling interest	34,388	0
Total stockholders' equity	174,107	140,837
Total liabilities and stockholders’ equity	$ 309,691	$ 223,027

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Red Lion Hotels Corporation stockholders' equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	20,039,079	19,846,508
Common stock, shares outstanding (in shares)	20,039,079	19,846,508

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Company operated hotels	$ 36,972	$ 36,758	$ 91,092	$ 94,081
Other revenues from managed properties	1,147	0	2,274	0
Franchised hotels	3,800	2,066	9,123	8,044
Entertainment	1,800	3,306	7,537	13,950
Other	16	14	38	65
Total revenues	43,735	42,144	110,064	116,140
Operating expenses:
Company operated hotels	25,439	24,776	68,578	72,827
Other costs from managed properties	1,147	0	2,274	0
Franchised hotels	3,087	1,761	8,494	5,259
Entertainment	1,666	3,092	7,041	11,946
Other	10	72	26	237
Depreciation and amortization	3,484	3,241	9,603	9,566
Hotel facility and land lease	1,894	1,167	5,089	3,492
(Gain) loss on asset dispositions, net	(88)	40	(16,590)	(3,439)
General and administrative expenses	2,676	1,899	7,803	6,078
Total operating expenses	39,315	36,048	92,318	105,966
Operating income (loss)	4,420	6,096	17,746	10,174
Other income (expense):
Interest expense	(1,989)	(1,041)	(5,228)	(3,436)
Loss on early retirement of debt	0	0	(1,159)	0
Other income, net	75	46	380	203
Income (loss) from continuing operations before taxes	2,506	5,101	11,739	6,941
Income tax expense (benefit)	(49)	0	37	31
Net income (loss) from continuing operations	2,555	5,101	11,702	6,910
Discontinued operations
Loss from discontinued business units, net of income tax benefit of $0	0	0	0	(187)
Loss on disposal of the assets of discontinued business units, net of income tax benefit of $0	0	0	0	(2)
Net income (loss) from discontinued operations	0	0	0	(189)
Net income (loss)	2,555	5,101	11,702	6,721
Net (income) loss attributable to noncontrolling interest	(1,746)	0	(2,653)	0
Net income (loss) attributable to Red Lion Hotels Corporation	$ 809	$ 5,101	$ 9,049	$ 6,721
Earnings per share - basic
Income (loss) from continuing operations attributable to Red Lion Hotels Corporation (in dollars per share)	$ 0.04	$ 0.26	$ 0.45	$ 0.35
Income (loss) from discontinued operations (in dollars per share)	0	0	0	(0.01)
Net income (loss) attributable to Red Lion Hotels Corporation (in dollars per share)	0.04	0.26	0.45	0.34
Earnings per share - diluted
Income (loss) from continuing operations attributable to Red Lion Hotels Corporation (in dollars per share)	0.04	0.26	0.45	0.35
Income (loss) from discontinued operations (in dollars per share)	0	0	0	(0.01)
Net income (loss) attributable to Red Lion Hotels Corporation (in dollars per share)	$ 0.04	$ 0.26	$ 0.45	$ 0.34

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Discontinued operations
Income tax (benefit) expense on discontinued business units	$ 0	$ 0	$ 0	$ 0
Income (loss) on disposal and impairment of the assets of the discontinued business units, net of income tax (benefit) expense	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income (loss)	$ 11,702	$ 6,721
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	10,150	9,566
Gain on disposition of property, equipment and other assets, net	(16,592)	(3,437)
Loss on early retirement of debt	1,074	170
Deferred income taxes	0	7
Equity in investments	101	34
Stock based compensation expense	1,008	965
Provision for doubtful accounts	580	149
Change in current assets and liabilities:
Restricted cash	(7,922)	0
Accounts receivable	(2,748)	(735)
Notes receivable	(177)	(145)
Inventories	(110)	108
Prepaid expenses and other	(899)	(3)
Accounts payable	2,681	(717)
Accrued other	8,989	4,501
Net cash provided by (used in) operating activities	7,837	17,184
Investing activities:
Purchase of hotels	(6,421)	0
Purchase of GuestHouse International assets	(8,855)	0
Capital expenditures	(10,707)	(7,260)
Proceeds from disposition of property and equipment	37,730	16,176
Proceeds from sale of joint venture interests	21,565	0
Distributions to noncontrolling interests	(1,319)	0
Collection of notes receivable related to property sales	3,499	200
Purchase of short-term investments	(7,866)	0
Change in restricted cash	(5,156)	0
Advances to Red Lion Hotels Capital Trust	(27)	(27)
Other, net	0	62
Net cash provided by (used in) investing activities	22,443	9,151
Financing activities:
Borrowings on long-term debt	74,380	0
Repayment of long-term debt	(30,528)	(10,958)
Debt issuance costs	(3,479)	(6)
Other, net	110	69
Net cash provided by (used in) financing activities	40,483	(10,895)
Change in cash and cash equivalents:
Net increase (decrease) in cash and cash equivalents	70,763	15,440
Cash and cash equivalents at beginning of period	5,126	13,058
Cash and cash equivalents at end of period	75,889	28,498
Cash paid during periods for:
Income taxes	20	40
Interest on long-term debt	4,576	3,315
Non-cash operating, investing and financing activities:
Reclassification of property and other assets to assets held for sale	0	17,682
Reclassification between short and long term notes receivable	2,120	0
Exchange of note receivable for real property	0	200
Reclassification between accounts receivable and notes receivable	51	0
Common stock redeemed	$ 0	$ 155

Organization

Organization	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Red Lion Hotels Corporation ("RLHC", "we", "our", "us" or "our company") is a NYSE-listed hospitality and leisure company (ticker symbols RLH and RLH-pa) primarily engaged in the management, franchising and ownership of hotels under our proprietary brands, including Hotel RL, Red Lion Hotels, Red Lion Inns & Suites, GuestHouse International, Settle Inn & Suites and Leo Hotel Collection (collectively the "RLHC Brands"). All of our hotels currently operate under the RLHC Brands which represent upper midscale, midscale and economy hotels. A summary of our properties as of September 30, 2015 is provided below: Hotels Total Available Rooms Company operated hotels Majority owned and consolidated 13 2,660 Leased and consolidated 5 1,027 Managed 2 487 Franchised hotels 104 10,132 Leo Hotel Collection 1 300 Total systemwide 125 14,606 We are also engaged in entertainment operations, which derive revenues from promotion and presentation of entertainment productions and ticketing services under the operations of WestCoast Entertainment and TicketsWest. The ticketing service offers online ticket sales, ticketing inventory management systems, call center services, and outlet/electronic distributions for event locations. We were incorporated in the state of Washington in April 1978, and until 2005 operated hotels under various other brand names including Cavanaughs Hotels and WestCoast Hospitality Corporation. The financial statements encompass the accounts of Red Lion Hotels Corporation and all of its consolidated subsidiaries, including Red Lion Hotels Holdings, Inc., Red Lion Hotels Franchising, Inc., Red Lion Hotels Management, Inc. ("RL Management"), Red Lion Hotels Limited Partnership, RL Venture LLC ("RL Venture"), RLS Balt Venture LLC ("RLS Balt Venture") and RLS Atla Venture LLC ("RLS Atla Venture"). The financial statements include an equity method investment in a 19.9% owned real estate venture, as well as certain cost method investments in various entities included as other assets, over which we do not exercise significant influence. In addition, we hold a 3% common interest in Red Lion Hotels Capital Trust (the “Trust”) that is considered a variable interest entity. We are not the primary beneficiary of the Trust; thus, it is treated as an equity method investment.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Certain information and footnote disclosures normally included in financial statements have been condensed or omitted as permitted by such rules and regulations. The consolidated balance sheet as of December 31, 2014 has been compiled from the audited balance sheet as of such date. We believe the disclosures included herein are adequate; however, they should be read in conjunction with the consolidated financial statements and the notes thereto for the year ended December 31, 2014 , previously filed with the SEC on Form 10-K. In the opinion of management, these unaudited consolidated financial statements contain all of the adjustments of a normal and recurring nature necessary to present fairly our consolidated financial position at September 30, 2015 , the consolidated statements of comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 , and the consolidated cash flows for the nine months ended September 30, 2015 and 2014 . The comprehensive income (loss) for the periods presented may not be indicative of that which may be expected for a full year. Management makes estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting period and the disclosures of contingent liabilities. Actual results could materially differ from those estimates and interim results may not be indicative of fiscal year performance because of seasonal and short-term variations. Changes to Significant Accounting Policies We recognize other revenue and costs from managed properties when we incur the related reimbursable costs. These costs primarily consist of payroll and related expenses at managed properties where we are the employer. As these costs have no added markup, the revenue and related expense have no impact on either our operating or net income. We recognize key money paid in conjunction with entering into long-term franchise agreements as prepaid expenses and amortize the amount paid against revenue over the term of the franchise agreements. Short-term investments consist of variable rate demand notes with maturities that range from two to thirty-five years. They are all classified as available-for-sale. The carrying amounts are reasonable estimates of their fair values due to interest rates which are variable in nature and a put provision at par plus accrued interest. Reclassifications Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. Except as otherwise described, these reclassifications had no material effect on net income/loss, total assets, total liabilities, total stockholders’ equity, or net cash flows as previously reported.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 may be applied using either a full retrospective or a modified retrospective approach and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted. In July 2015, the FASB voted to defer the effective date to January 1, 2018 with early adoption beginning January 1, 2017. We are in the process of evaluating this guidance and our method of adoption. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, which changes the consolidation analysis for both the variable interest model and for the voting model for limited partnerships and similar entities. ASU 2015-02 is effective for annual and interim periods beginning after December 15, 2015 and early application is permitted. ASU 2015-02 provides for one of two methods of transition: retrospective application to each prior period presented; or recognition of the cumulative effect of retrospective application of the new standard in the period of initial application. We are in the process of evaluating this guidance and our method of adoption. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. ASU 2015-03 is effective for annual and interim periods beginning after December 15, 2015 and early application is permitted. We early adopted this guidance in the first quarter of 2015. We utilized retrospective application of the new standard and reclassified prior period balances of prepaid debt fees to debt discount. In April 2015, the FASB issued ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the accounting for a customer’s accounting for service contracts. ASU 2015-05 is effective for annual and interim reporting periods beginning after December 15, 2015. We are in the process of evaluating this guidance and our method of adoption. Management has assessed the potential impact of other recently issued, but not yet effective, accounting standards and determined that the provisions are either not applicable to our company, or are not anticipated to have a material impact on our consolidated financial statements.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2015
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities RL Venture In January 2015, we transferred 12 of our wholly-owned hotels into RL Venture, a newly created entity that was initially wholly-owned by us. Subsequently, we sold a 45% ownership stake in RL Venture to Shelbourne Falcon RLHC Hotel Investors LLC ("Shelbourne Falcon"), an entity that is led by Shelbourne Capital LLC ("Shelbourne"). We maintain a 55% interest in RL Venture and the 12 hotels are managed by RL Management, one of our wholly-owned subsidiaries, subject to a management agreement. RL Venture is considered a variable interest entity because our voting rights are not proportional to our financial interest and substantially all of RL Venture's activities involve and are conducted on our behalf. We have determined that we are the primary beneficiary as (a) we maintain a majority financial position, (b) we maintain management of the properties, and (c) the properties remain branded with RLHC Brands. As a result, we consolidate all of the activities of RL Venture. The equity interest owned by Shelbourne Falcon is reflected as noncontrolling interest in the consolidated financial statements. We recognized a $12.3 million loss on the sale of the equity interests as a reduction to additional paid in capital. Cash distributions are made periodically based on calculated distributable income. During the third quarter of 2015, RL Venture made its first cash distribution of $2.9 million , of which we received $1.6 million . RL Venture is considered a significant subsidiary; therefore the following condensed financial statements are presented to satisfy disclosure requirements of Rule 3-05 of Regulation S-X. The liabilities of RL Venture, other than its long-term debt, are non-recourse to our general credit and assets. The long-term debt is non-recourse as to RL Venture, but several investors in RL Venture, including us, are guarantors regarding completion of certain improvements to the hotels, environmental covenants in the loan agreement, losses incurred by the lender and any event of bankruptcy involving RL Venture or any of its subsidiaries. Condensed Balance Sheet September 30, 2015 Assets: Cash and restricted cash $ 15,422 Accounts receivable, net 2,445 Inventories 476 Prepaid expenses and other assets 439 Property and equipment, net 107,991 Total assets $ 126,773 Liabilities: Accounts payable $ 2,298 Accrued payroll and related benefits 1,869 Other accrued expenses 2,062 Long-term debt 53,678 Total liabilities 59,907 Shareholders' equity 66,866 Total liabilities and stockholders' equity $ 126,773 Condensed Statement of Income (Loss) Three months ended Nine months ended September 30, 2015 September 30, 2015 Hotel revenue $ 23,821 $ 57,573 Hotel operating expenses 14,700 37,772 Depreciation and amortization 1,979 5,640 General and administrative expenses 1,960 5,149 Other expenses 17 58 Operating income (loss) 5,165 8,954 Interest expense 874 2,474 Net income (loss) $ 4,291 $ 6,480 RLS Balt Venture In April 2015, we sold a 21% member interest in our wholly-owned RLS Balt Venture to Shelbourne Falcon Charm City Investors LLC ("Shelbourne Falcon II"), an entity led by Shelbourne. Shelbourne Falcon II has an option exercisable until December 31, 2015 to purchase an additional 24% member interest for $2.3 million . RL Baltimore, LLC ("RL Baltimore"), which is wholly-owned by RLS Balt Venture, owns the Hotel RL Baltimore Inner Harbor, which is managed by RL Management. RLS Balt Venture is considered a variable interest entity because our voting rights are not proportional to our financial interest and substantially all of RLS Balt Venture's activities involve and are conducted on our behalf. We have determined that we are the primary beneficiary as (a) we maintain a majority financial position, (b) we maintain management of the property, and (c) the property remains branded with a RLHC Brand. As a result, we consolidate all of the activities of RLS Balt Venture. The equity interest owned by Shelbourne Falcon II is reflected as a noncontrolling interest in the consolidated financial statements. Cash distributions are made periodically based on calculated distributable income. There were no cash distributions made during the three or nine months ended September 30, 2015 . RLS Atla Venture In September 2015, we formed a joint venture, RLS Atla Venture, with Shelbourne Falcon Big Peach Investors LLC ("Shelbourne Falcon III"), an entity led by Shelbourne. We own a 55% interest in the joint venture and Shelbourne Falcon III owns a 45% interest. RLH Atlanta LLC ("RLH Atlanta"), which is wholly-owned by RLS Atla Venture, owns a hotel adjacent to the Atlanta International Airport that is expected to open in the first quarter of 2016 as the Red Lion Hotel Atlanta International Airport. RLS Atla Venture is considered a variable interest entity because our voting rights are not proportional to our financial interest and substantially all of RLS Atla Venture's activities involve and are conducted on our behalf. We have determined that we are the primary beneficiary as (a) we maintain a majority financial position, (b) we maintain management of the property, and (c) the property remains branded with a RLHC Brand. As a result, we consolidate all of the activities of RLS Atla Venture. The equity interest owned by Shelbourne Falcon III is reflected as a noncontrolling interest in the consolidated financial statements. Cash distributions are made periodically based on calculated distributable income. There were no cash distributions made during the three or nine months ended September 30, 2015 .

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment is summarized as follows (in thousands): September 30, December 31, Buildings and equipment $ 182,919 $ 182,273 Landscaping and land improvements 7,174 6,943 Furniture and fixtures 32,241 31,910 222,334 221,126 Less accumulated depreciation (124,650 ) (117,968 ) 97,684 103,158 Land 38,891 39,087 Construction in progress 31,495 18,165 Property and equipment, net $ 168,070 $ 160,410 The table above excludes the property and equipment balances of assets held for sale. See Note 6 for further discussion.

Assets Held for Sale

Assets Held for Sale	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale As of September 30, 2015 , there were no properties classified as assets held for sale. The properties classified as assets held for sale on December 31, 2014 were the Red Lion Hotel Bellevue in Bellevue, Washington ("Bellevue property") and the Red Lion Hotel Wenatchee in Wenatchee, Washington ("Wenatchee property"), both of which were sold during the first quarter of 2015 as follows: • In January 2015, we sold the Wenatchee property for $4.1 million and concurrently entered into a franchise agreement with the new owner. We recognized a gain of $0.2 million on the sale. • In February 2015, we sold the Bellevue property for $35.4 million and concurrently entered into a management agreement with the new owner. We recognized a gain of $16.2 million on the sale. The property and equipment of these properties that are classified as assets held for sale on the December 31, 2014 consolidated balance sheet are detailed in the table below (in thousands): December 31, Buildings and equipment $ 16,339 Landscaping and land improvements 345 Furniture and fixtures 1,948 18,632 Less accumulated depreciation and amortization (8,537 ) 10,095 Land 11,066 Construction in progress 12 Assets held for sale $ 21,173

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations There were no discontinued operations for the three or nine months ended September 30, 2015 . Discontinued operations for the three and nine months ended September 30, 2014 , includes the Red Lion Hotel Eugene in Eugene, Oregon which we ceased operating when we assigned our lease to a third party. Accordingly, all operations of this property have been classified as discontinued operations since the fourth quarter of 2013. The following table summarizes the results of discontinued operations for the periods indicated (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ — $ — $ — $ 133 Operating expenses — — — (298 ) Hotel facility and land lease — — — (30 ) Loss from operations of discontinued business units — — — (195 ) Loss on disposal and impairment of the assets of the discontinued business units — — — (2 ) Loss from discontinued operations $ — $ — $ — $ (197 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the estimated fair value of the net assets acquired during business combinations over the net tangible and identifiable intangible assets acquired. Goodwill was recorded in prior years in connection with the acquisitions of franchises and entertainment businesses. The Red Lion and GuestHouse International brand names are identifiable, indefinite-lived intangible assets that represents the separable legal right to a trade name and associated trademarks. We acquired the Red Lion brand name in a business combination we entered into in 2001. We purchased the GuestHouse International and Settle Inn & Suites brand names from GuestHouse International LLC in April 2015 and have allocated a preliminary purchase price of $5.4 million . In the table below, the customer contracts represent the franchise license agreements acquired with the GuestHouse International brand. We have allocated a preliminary purchase price of $3.4 million . Franchise license agreements are amortized over 10 years which represents the period of expected cash flows, using an accelerated amortization method that matches the economic benefit of the agreements. In the third quarter of 2015, we determined the contingent consideration due to the sellers of GuestHouse International had not been earned and reduced our allocation of the purchase price by $1.5 million . We estimated the fair value of our customer contracts and brand names purchased from GuestHouse International using expected future payments discounted at risk-adjusted rates, both of which are Level 3 inputs. See Note 15 for additional information. We assess goodwill and the other intangible assets for potential impairments annually as of October 1, or during the year if an event or other circumstance indicates that we may not be able to recover the carrying amount of the assets. We did not impair any goodwill or intangible assets during the nine months ended September 30, 2015 or 2014 . The following table summarizes the balances of goodwill and other intangible assets (in thousands): September 30, 2015 December 31, 2014 Goodwill $ 8,512 $ 8,512 Intangible assets Brand names $ 12,314 $ 6,878 Customer contracts 3,026 — Trademarks 134 134 Total intangible assets $ 15,474 $ 7,012 Goodwill and other intangible assets attributable to each of our business segments were as follows (in thousands): September 30, 2015 December 31, 2014 Other Other Goodwill Intangibles Goodwill Intangibles Company operated hotels $ — $ 4,659 $ — $ 4,659 Franchised hotels 5,351 10,809 5,351 2,347 Entertainment 3,161 6 3,161 6 Total $ 8,512 $ 15,474 $ 8,512 $ 7,012 The following table summarizes the balances of amortized customer contracts (in thousands): September 30, 2015 December 31, 2014 Historical cost $ 3,420 $ — Accumulated amortization (394 ) — Net carrying amount $ 3,026 $ — As of September 30, 2015 , estimated future amortization expenses related to intangible assets is as follows (in thousands): Year Ending December 31, Amount 2015 $ 174 2016 625 2017 531 2018 433 2019 366 Thereafter 897 Total $ 3,026

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt The current and non-current portions of long-term debt and capital lease obligations as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 December 31, 2014 Current Non-Current Current Non-Current RL Venture $ — $ 53,678 $ — $ — RL Baltimore — 12,030 — — RLH Atlanta — 5,732 — — Wells Fargo — — — 29,873 Debentures due Red Lion Hotels Capital Trust — 30,825 — 30,825 Total $ — $ 102,265 $ — $ 60,698 RL Venture In January 2015, RL Venture Holding LLC, a wholly-owned subsidiary of RL Venture, and each of its 12 wholly-owned subsidiaries entered into a loan agreement with Pacific Western Bank. The original principal amount of the loan was $53.8 million with an additional $26.2 million to be drawn over a two -year period to cover improvements related to the 12 hotels. We drew $1.9 million in the nine months ended September 30, 2015 . At September 30, 2015 , there were unamortized debt issuance fees of $2.0 million . The loan matures in January 2019 and has a one -year extension option. Interest under the advanced portions of the loan is payable monthly at LIBOR plus 4.75% . Fixed monthly principal payments begin in January 2017 in an amount that would repay the outstanding principal balance over a twenty-five year amortization period. The loan requires us to comply with customary reporting and operating covenants applicable to RL Venture, including requirements relating to debt service loan coverage ratios. It also includes customary events of default. We were in compliance with these covenants at September 30, 2015 . RL Baltimore In April 2015, RL Baltimore obtained a new mortgage loan from PFP Holding Company IV LLC, an affiliate of Prime Finance, secured by the Hotel RL Baltimore Inner Harbor. The initial principal amount of the loan was $10.1 million , and the lender agreed to advance an additional $3.2 million to cover expenses related to improvements to the hotel. We drew $2.6 million in the nine months ended September 30, 2015 . At September 30, 2015 , there were unamortized debt issuance fees of $0.7 million . The loan matures in May 2018 and has two one -year extension options. Interest under the advanced portions of the loan is payable monthly at LIBOR plus 6.25% . No principal payments are required during the initial term of the loan. Principal payments of $16,000 per month are required beginning in May 2018 if the extension option is exercised. The loan agreement includes customary requirements for lender approval of annual operating and capital budgets, under certain conditions. It also includes customary events of default. The liability of RL Baltimore under the loan agreement is generally non-recourse. However, the lender may obtain a monetary judgment against RL Baltimore if the lender suffers losses under certain circumstances listed in the loan agreement, including but not limited to fraud, criminal activity, waste, misappropriation of revenues, and breach of environmental representations. RLHC has guaranteed these recourse obligations of RL Baltimore and agreed to customary reporting and operating covenants. We were in compliance with these covenants at September 30, 2015 . RLH Atlanta In September 2015, RLH Atlanta obtained a new mortgage loan from PFP Holding Company IV LLC, an affiliate of Prime Finance, secured by a hotel adjacent to the Atlanta International Airport which is expected to open in the first quarter of 2016 as the Red Lion Hotel Atlanta International Airport. The initial principal amount of the loan was $6.0 million , and the lender has agreed to advance an additional $3.4 million to cover expenses related to improvements to the hotel. We drew no additional funds in the nine months ended September 30, 2015 . At September 30, 2015 , there were unamortized debt issuance fees of $0.3 million . The loan matures in September 2018 and has two one -year extension options. Interest under the advanced portions of the loan is payable monthly at LIBOR plus 6.35% . No principal payments are required during the initial term of the loan. The loan agreement includes customary requirements for lender approval of annual operating and capital budgets, under certain conditions. It also includes customary events of default. The liability of RLH Atlanta under the loan agreement is generally non-recourse. However, the lender may obtain a monetary judgment against RL Atlanta if the lender suffers losses under certain circumstances listed in the loan agreement, including but not limited to fraud, criminal activity, waste, misappropriation of revenues, and breach of environmental representations. RLHC has guaranteed these recourse obligations of RL Atlanta and agreed to customary reporting and operating covenants. We were in compliance with these covenants at September 30, 2015 . Wells Fargo In January 2015, in connection with the RL Venture transaction, we repaid the outstanding balance of our Wells Fargo term loan. We recognized a $1.2 million "Loss on early retirement of debt" on the Consolidated Statement of Comprehensive Income (Loss) related to termination fees and write-off of the previously recorded prepaid debt fees and unamortized debt discount balances. In January 2015, in connection with the sale of the Bellevue property, we terminated the $10 million revolving credit facility associated with the term loan. There was no impact on our financial statements. Debentures due Red Lion Hotels Capital Trust Together with the Trust, we completed a public offering of $46.0 million of trust preferred securities in 2004. The securities are listed on the New York Stock Exchange and entitle holders to cumulative cash distributions at a 9.5% annual rate with maturity in February 2044. The cost of the offering totaled $2.3 million , which the Trust paid through an advance by us. The advance to the Trust is included with other noncurrent assets on our consolidated balance sheets. We simultaneously borrowed all of the proceeds from the offering, including our original 3% trust common investment of $1.4 million , and issued 9.5% debentures to the Trust that are included as a long-term liability on our consolidated balance sheets. The debentures mature in 2044 and their payment terms mirror the distribution terms of the trust securities. The debenture agreement required the mandatory repayment of 35% of the then-outstanding debentures at a 5% premium if we completed an offering of common shares with gross proceeds of at least $50 million . In accordance therewith and in connection with a common stock offering in May 2006, we repaid approximately $16.6 million of the debentures. As required by the terms of the trust securities, the Trust then redeemed 35% of the outstanding trust preferred securities and trust common securities at a price of $26.25 per share, a 5% premium over their issuance price. Of the $16.6 million , approximately $0.5 million was received back by us for our trust common securities and was reflected as a reduction of our investment in the Trust. At September 30, 2015 and December 31, 2014 , debentures due the Trust totaled $30.8 million .

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We do not enter into derivative transactions for trading purposes, but rather to hedge our exposure to interest rate fluctuations. We manage our floating rate debt using interest rate caps in order to reduce our exposure to the impact of changing interest rates and future cash outflows for interest. RL Venture As required under our RL Venture loan, we entered into an interest rate cap with Commonwealth Bank of Australia to cap our interest rate exposure. The cap had an original notional amount of $80.0 million and caps the LIBOR reference rate at 5.0% . The cap expires in January 2018. We estimate the fair value of this interest rate cap using standard calculations that use as their basis readily available observable market parameters. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service. At September 30, 2015 , the valuation of the interest rate cap resulted in the recognition of an asset totaling $8,000 , which is included in "Other assets, net" on the Consolidated Balance Sheet. RL Baltimore As required under our RL Baltimore loan, we entered into an interest rate cap with Commonwealth Bank of Australia to cap our interest rate exposure. The cap had an original notional amount of $13.3 million and caps the LIBOR reference rate at 3.0% . The cap expires in May 2018. We estimate the fair value of this interest rate cap using standard calculations that use as their basis readily available observable market parameters. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service. At September 30, 2015 , the valuation of the interest rate cap resulted in the recognition of an asset totaling $8,000 , which is included in "Other assets, net" on the Consolidated Balance Sheet. RLH Atlanta As required under our RLH Atlanta loan, we entered into an interest rate cap with SMBC Capital Markets, Inc. to cap our interest rate exposure. The cap had an original notional amount of $9.4 million and caps the LIBOR reference rate at 3.0% . The cap expires in September 2018. We estimate the fair value of this interest rate cap using standard calculations that use as their basis readily available observable market parameters. This option-pricing technique utilizes a one-month LIBOR forward yield curve, obtained from an independent external service. At September 30, 2015 , the valuation of the interest rate cap resulted in the recognition of an asset totaling $10,000 , which is included in "Other assets, net" on the Consolidated Balance Sheet. Wells Fargo In January 2015, in connection with the early retirement of the Wells Fargo credit facility, we settled and terminated the associated interest rate swap with Wells Fargo. The outstanding notional amount at the time of the termination was approximately $16.2 million . Of the $1.2 million "Loss on early retirement of debt" on the Consolidated Statement of Comprehensive Income (Loss) resulting from the termination of the credit facility and the swap, $0.4 million was attributable to termination of the swap. See Note 9 for additional information.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Business Segments	Business Segments As of September 30, 2015 , we had three reporting segments: company operated hotels, franchised hotels and entertainment. The “other” segment consists of miscellaneous revenues and expenses, cash and cash equivalents, certain receivables and certain property and equipment which are not specifically associated with an operating segment. Management reviews and evaluates the operating segments exclusive of interest expense and income taxes; therefore, those two items have not been allocated to the segments. All balances have been presented after the elimination of inter-segment and intra-segment revenues and expenses. Selected financial information is provided below (in thousands): Three months ended September 30, 2015 Company Operated Hotels Franchised Hotels Entertainment Other Total Revenue $ 38,119 $ 3,800 $ 1,800 $ 16 $ 43,735 Segment operating expenses $ 26,586 $ 3,087 $ 1,666 $ 10 $ 31,349 Depreciation and amortization 2,897 247 61 279 3,484 Other expenses 1,778 — — 2,704 4,482 Operating income (loss) 6,858 466 73 (2,977 ) 4,420 Interest expense (1,257 ) — — (732 ) (1,989 ) Other income 25 1 — 49 75 Income tax expense — — — 49 49 Net Income (loss) 5,626 467 73 (3,611 ) 2,555 Less net (income) loss attributable to noncontrolling interest (1,746 ) — — — (1,746 ) Net income (loss) attributable to RLHC $ 3,880 $ 467 $ 73 $ (3,611 ) $ 809 Capital expenditures $ 9,077 $ 7 $ (73 ) $ 214 $ 9,225 Identifiable assets as of September 30, 2015 $ 274,319 $ 20,557 $ 4,517 $ 10,298 $ 309,691 Three months ended September 30, 2014 Company Operated Hotels Franchise Hotels Entertainment Other Total Revenue $ 36,758 $ 2,066 $ 3,306 $ 14 $ 42,144 Segment operating expenses $ 24,776 $ 1,761 $ 3,092 $ 72 $ 29,701 Depreciation and amortization 2,860 12 78 291 3,241 Other expenses 1,198 — — 1,908 3,106 Operating income (loss) 7,924 293 136 (2,257 ) 6,096 Interest expense — — — (1,041 ) (1,041 ) Other income — — — 46 46 Income (loss) from continuing operations 7,924 293 136 (3,252 ) 5,101 Discontinued operations — — — — — Net income (loss) attributable to RLHC $ 7,924 $ 293 $ 136 $ (3,252 ) $ 5,101 Capital expenditures $ 1,714 $ 4 $ 78 $ 119 $ 1,915 Identifiable assets as of December 31, 2014 $ 190,332 $ 9,807 $ 6,161 $ 16,727 $ 223,027 Nine months ended September 30, 2015 Company Operated Hotels Franchised Hotels Entertainment Other Total Revenue $ 93,366 $ 9,123 $ 7,537 $ 38 $ 110,064 Segment operating expenses $ 70,852 $ 8,494 $ 7,041 $ 26 $ 86,413 Depreciation and amortization 8,431 426 197 549 9,603 Other expenses (11,606 ) — — 7,908 (3,698 ) Operating income (loss) 25,689 203 299 (8,445 ) 17,746 Interest expense (2,982 ) — — (2,246 ) (5,228 ) Loss on early retirement of debt — — — (1,159 ) (1,159 ) Other income — 10 46 324 380 Income tax expense — — — (37 ) (37 ) Net Income (loss) 22,707 213 345 (11,563 ) 11,702 Less net (income) loss attributable to noncontrolling interest (2,653 ) — — — (2,653 ) Net income (loss) attributable to RLHC $ 20,054 $ 213 $ 345 $ (11,563 ) $ 9,049 Capital expenditures $ 15,775 $ 14 $ 16 $ 1,323 $ 17,128 Identifiable assets as of September 30, 2015 $ 274,319 $ 20,557 $ 4,517 $ 10,298 $ 309,691 Nine months ended September 30, 2014 Company Operated Hotels Franchise Hotels Entertainment Other Total Revenue $ 94,081 $ 8,044 $ 13,950 $ 65 $ 116,140 Segment operating expenses $ 72,827 $ 5,259 $ 11,946 $ 237 $ 90,269 Depreciation and amortization 8,552 37 245 732 9,566 Other expenses 44 — — 6,087 6,131 Operating income (loss) 12,658 2,748 1,759 (6,991 ) 10,174 Interest expense — — — (3,436 ) (3,436 ) Other income — 1 17 185 203 Income tax (expense) benefit — — — (31 ) (31 ) Income (loss) from continuing operations 12,658 2,749 1,776 (10,273 ) 6,910 Discontinued operations (1 ) — — (188 ) (189 ) Net income (loss) attributable to RLHC $ 12,657 $ 2,749 $ 1,776 $ (10,461 ) $ 6,721 Capital expenditures $ 6,894 $ 20 $ 241 $ 105 $ 7,260 Identifiable assets as of December 31, 2014 $ 190,332 $ 9,807 $ 6,161 $ 16,727 $ 223,027

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table presents a reconciliation of the numerators and denominators used in the basic and diluted net income (loss) per share computations for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator - basic and diluted: Net income (loss) from continuing operations $ 2,555 $ 5,101 $ 11,702 $ 6,910 Less: net (income) loss attributable to noncontrolling interest (1,746 ) — (2,653 ) — Income (loss) from continuing operations attributable to Red Lion Hotels Corporation 809 5,101 9,049 6,910 Income (loss) from discontinued operations — — — (189 ) Net income (loss) attributable to Red Lion Hotels Corporation $ 809 $ 5,101 $ 9,049 $ 6,721 Denominator: Weighted average shares - basic 20,028 19,822 19,960 19,765 Weighted average shares - diluted 20,607 19,866 20,131 19,839 Earnings (loss) per share - basic Income (loss) from continuing operations attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.35 Income (loss) from discontinued operations — — — (0.01 ) Net income (loss) attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.34 Earnings (loss) per share - diluted Income (loss) from continuing operations attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.35 Income (loss) from discontinued operations — — — (0.01 ) Net income (loss) attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.34 For the three months ended September 30, 2015 , 70,934 of the 71,676 options to purchase common shares, 719,147 of the 1,219,700 restricted stock units outstanding, and 364,633 of the 442,533 warrants to purchase common shares were not included in the diluted per share calculation as they were antidilutive. For the three months ended September 30, 2014 , 94,991 of the 96,036 options to purchase common shares and 364,489 of the 407,338 restricted stock units outstanding were not included in the diluted per share calculation as they were antidilutive. For the nine months ended September 30, 2015 , all of the 71,676 options to purchase common shares, 1,080,280 of the 1,219,700 restricted stock units outstanding, and 410,693 of the 442,533 warrants to purchase common shares were not included in the diluted per share calculation as they were antidilutive. For the nine months ended September 30, 2014 , 94,871 of the 96,036 options to purchase common shares and 334,116 of the 407,338 restricted stock units outstanding were not included in the diluted per share calculation as they were antidilutive.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the nine months ended September 30, 2015 and 2014 , we reported an income tax expense of $37,000 and $31,000 , respectively. There was an income tax benefit of $49,000 for the three months ended September 30, 2015 and no income tax benefit or provision for the three months ended September 30, 2014 . The income tax provision varies from the statutory rate primarily due to a full valuation allowance against our deferred assets. We have federal operating loss carryforwards, which will expire beginning in 2033, state operating loss carryforwards, which will expire beginning in 2017, and tax credit carryforwards, which will begin to expire in 2024.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stockholders' Equity	Stockholders' Equity Stock Incentive Plans The 2006 Stock Incentive Plan authorizes the grant or issuance of various option and other awards including restricted stock units and other stock-based compensation. The plan was approved by our shareholders and allowed awards of 2.0 million shares, subject to adjustments for stock splits, stock dividends and similar events. As of September 30, 2015 , there were 12,727 shares of common stock available for issuance pursuant to future stock option grants or other awards under the 2006 plan. The 2015 Stock Incentive Plan authorizes the grant or issuance of various option and other awards including restricted stock units and other stock-based compensation. The plan was approved by our shareholders and allows awards of 1.4 million shares, subject to adjustments for stock splits, stock dividends and similar events. As of September 30, 2015 , there were 854,352 shares of common stock available for issuance pursuant to future stock option grants or other awards under the 2015 plan. Stock Options In the nine months ended September 30, 2015 and 2014 we recognized no compensation expense related to options. A summary of stock option activity for the nine months ended September 30, 2015 , is as follows: Number of Shares Weighted Average Exercise Price Balance, December 31, 2014 75,176 $ 10.27 Options granted — — Options exercised (3,500 ) 7.46 Options forfeited — — Balance, September 30, 2015 71,676 $ 10.41 Exercisable, September 30, 2015 71,676 $ 10.41 Additional information regarding stock options outstanding and exercisable as of September 30, 2015 , is as follows: Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Expiration Date Weighted Average Exercise Price Aggregate Intrinsic Value (1) Number Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value (1) $8.74 40,836 2.64 2018 8.74 — 40,836 8.74 $ — $12.21 15,195 1.14 2016 12.21 — 15,195 12.21 — $13.00 15,645 1.63 2017 13.00 — 15,645 13.00 — 71,676 2.10 2015-2018 $ 10.41 $ — 71,676 $ 10.41 $ — __________ (1) The aggregate intrinsic value is before applicable income taxes and represents the amount option recipients would have received if all options had been fully vested and exercised on the last trading day of the first nine months of 2015 , or September 30, 2015 , based upon our closing stock price on that date of $8.50 . Restricted Stock Units, Shares Issued as Compensation As of September 30, 2015 and 2014 , there were 1,219,700 and 407,338 unvested restricted stock units outstanding. Since we began issuing restricted stock units, approximately 22.0% of total units granted have been forfeited. In the third quarter of 2015 , we recognized approximately $0.5 million in compensation expense related to restricted stock units compared to $0.2 million in the comparable period in 2014 . As the restricted stock units vest, we expect to recognize approximately $6.1 million in additional compensation expense over a weighted average period of 40 months, including $0.5 million during the remainder of 2015 . A summary of restricted stock unit activity for the nine months ended September 30, 2015 , is as follows: Number of Shares Weighted Average Grant Date Fair Value Balance, December 31, 2014 398,513 $ 7.32 Granted 984,383 $ 7.17 Vested (131,929 ) $ 5.39 Forfeited (31,267 ) $ 6.00 Balance, September 30, 2015 1,219,700 $ 6.94 Employee Stock Purchase Plan In January 2008, we adopted the 2008 employee stock purchase plan (the “2008 ESPP”) upon the expiration of its predecessor plan. Under the 2008 ESPP, a total of 300,000 shares of common stock are authorized for purchase by eligible employees at a discount through payroll deductions. No employee may purchase more than $25,000 worth of shares in any calendar year, or more than 10,000 shares during any six-month purchase period under the plan. As allowed under the 2008 ESPP, a participant may elect to withdraw from the plan, effective for the purchase period in progress at the time of the election with all accumulated payroll deductions returned to the participant at the time of withdrawal. During the nine months ended September 30, 2015 and 2014, 10,614 and 7,405 shares were issued to participants under the terms of the plan, respectively. Warrants In January 2015, in connection with Shelbourne Falcon’s purchase of equity interests in RL Venture, we issued Shelbourne a warrant to purchase 442,533 shares of common stock. The warrant has a five year term from the date of issuance and a per share exercise price of $6.78 . The warrant is classified as equity due to share settlement upon exercise. Accordingly, the estimated fair value of the warrant was recorded in additional paid in capital upon issuance and we do not recognize subsequent changes in fair value in our financial statements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). We measure our assets and liabilities using inputs from the following three levels of the fair value hierarchy: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access at the measurement date. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). Level 3 includes unobservable inputs that reflect assumptions about what factors market participants would use in pricing the asset or liability. We develop these inputs based on the best information available, including our own data. Estimated fair values of financial instruments (in thousands) are shown in the table below. The carrying amounts for cash and cash equivalents, accounts receivable and current liabilities are reasonable estimates of their fair values due to their short maturities. The carrying amounts for short-term investments are reasonable estimates of their fair values due to interest rates which are variable in nature and a put provision at par plus accrued interest. We estimate the fair value of our notes receivable using expected future payments discounted at risk-adjusted rates, both of which are Level 3 inputs. We estimate the fair value of our long-term debt using expected future payments discounted at risk-adjusted rates, both of which are Level 3 inputs. The debentures are valued at the closing price on September 30, 2015 , of the underlying trust preferred securities on the New York Stock Exchange, which was a directly observable Level 1 input. The fair values provided below are not necessarily indicative of the amounts we or the debt holders could realize in a current market exchange. In addition, potential income tax ramifications related to the realization of gains and losses that would be incurred in an actual sale or settlement have not been taken into consideration. September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents and restricted cash (1) $ 89,192 $ 89,192 $ 5,351 $ 5,351 Short-term investments $ 7,866 $ 7,866 — — Accounts receivable (1) $ 8,909 $ 8,909 $ 6,752 $ 6,752 Notes receivable $ 1,972 $ 1,972 $ 5,284 $ 5,284 Financial liabilities: Current liabilities, excluding debt (1) $ 27,240 $ 27,240 $ 18,469 $ 18,469 Total debt, excluding debentures $ 71,440 $ 78,130 $ 29,873 $ 30,683 Debentures $ 30,825 $ 31,578 $ 30,825 $ 31,639 __________ (1) Includes the cash, accounts receivable, and current liabilities of discontinued operations held for sale as of December 31, 2014.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies At any given time we are subject to claims and actions incidental to the operations of our business. Based on information currently available, we do not expect that any sums we may receive or have to pay in connection with any legal proceeding would have a materially adverse effect on our consolidated financial position or net cash flow. Due to our equity method investment in a 19.9% owned real estate venture, we are considered a guarantor of the mortgage for the building associated with that investment. We would be obligated to pay a portion of this mortgage in the event the real estate venture were unable to meet its principal or interest payment obligations. As of September 30, 2015 , the maximum amount payable under this guarantee was approximately $1.8 million , which represents 19.9% of the outstanding mortgage balance. At each reporting date, it was not probable that we would be required to pay any of this amount; thus we have not accrued a liability for any portion of this obligation in our September 30, 2015 or December 31, 2014 financial statements. Our lease for the Red Lion Hotel Vancouver (at the Quay) requires us to pay a fee of $3.0 million on December 31, 2015 or any earlier termination of the lease. This payment is secured by cash in escrow, which is included in "Restricted cash" on the Consolidated Balance Sheet.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions RL Venture has agreed to pay to Shelbourne Falcon an investor relations fee each month equal to 0.50% of its total aggregate revenue. Columbia Pacific Opportunity Fund, LP, one of our company's largest shareholders, is an investor in Shelbourne Falcon. During the three and nine months ended September 30, 2015 , Shelbourne Falcon earned $119,000 and $287,000 , respectively. RL Venture has also agreed to pay CPA Development, LLC, an affiliate of Columbia Pacific Opportunity Fund, LP, a construction management fee of $200,000 . During the three and nine months ended September 30, 2015 , RL Venture paid $33,300 and $55,500 , respectively, of this fee. In May 2015, we entered into a management agreement with the LLC that owns Red Lion Hotel Woodlake Conference Center Sacramento. A member of our board of directors is a 50% owner of the entity that serves as the manager of that LLC. During the three and nine months ended September 30, 2015 we recognized management fee revenue from the LLC of $31,000 and $46,000 , respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 8, 2015, we terminated the lease at the Red Lion Hotel Vancouver (at the Quay), effective November 13, 2015. A termination fee of $3 million , which is currently held in escrow as restricted cash, will be paid on November 13, 2015. On October 16, 2015, we sold our equity method investment in a 19.9% owned real estate venture. On October 21, 2015, we provided $1.5 million of funding to RLS Balt Venture. The funding was provided in return for a right to receive a priority return equal to the amount of the funding plus 11% interest compounded annually to occur after the sale, liquidation, other disposal or refinancing of Hotel RL Baltimore Inner Harbor or just prior to the final partnership distribution. On October 29, we formed a joint venture, RLS DC Venture LLC ("RLS DC Venture"), of which we own 86% , and acquired The Quincy hotel in downtown Washington D.C. for $22.5 million . Shelbourne Falcon DC Investors LLC ("Shelbourne Falcon IV"), an entity led by Shelbourne, owns 14% of the joint venture and has an option exercisable until January 31, 2016 to purchase up to an additional 31% member interest for $103.18376 per 0.001% ownership interest. RLH DC LLC, ("RLH DC") which is wholly-owned by RLS DC Venture, assumed a land lease agreement that expires in December 2080. RLH DC has secured financing with Pacific Western Bank to complete a renovation of the property. The initial principal amount of the loan was $15.2 million and the lender has agreed to advance an additional $2.3 million to cover expenses related to improvements to the hotel. The loan has a two -year term with a one -year extension option, and interest under the advanced portions of the loan will be calculated at LIBOR plus 4.55% . Interest only payments are due monthly commencing November 2015. Monthly principal payments of $58,333 are required beginning in October 2018. In the event of any prepayment, we are required to pay the lender interest that would have been paid through the maturity date. As required under the loan, we entered into an interest rate cap with Commonwealth Bank of Australia to hedge our interest rate exposure. The cap had an original notional amount of $17.5 million and caps the LIBOR reference rate at 3.0% . The loan agreement contains customary reporting and operating covenants applicable to the joint venture, including requirements for lender approval of annual operating and capital budgets, under certain conditions.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The unaudited consolidated financial statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Certain information and footnote disclosures normally included in financial statements have been condensed or omitted as permitted by such rules and regulations. The consolidated balance sheet as of December 31, 2014 has been compiled from the audited balance sheet as of such date. We believe the disclosures included herein are adequate; however, they should be read in conjunction with the consolidated financial statements and the notes thereto for the year ended December 31, 2014 , previously filed with the SEC on Form 10-K. In the opinion of management, these unaudited consolidated financial statements contain all of the adjustments of a normal and recurring nature necessary to present fairly our consolidated financial position at September 30, 2015 , the consolidated statements of comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 , and the consolidated cash flows for the nine months ended September 30, 2015 and 2014 . The comprehensive income (loss) for the periods presented may not be indicative of that which may be expected for a full year. Management makes estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, the reported amounts of revenues and expenses during the reporting period and the disclosures of contingent liabilities. Actual results could materially differ from those estimates and interim results may not be indicative of fiscal year performance because of seasonal and short-term variations.
Changes to Significant Accounting Policies	Changes to Significant Accounting Policies We recognize other revenue and costs from managed properties when we incur the related reimbursable costs. These costs primarily consist of payroll and related expenses at managed properties where we are the employer. As these costs have no added markup, the revenue and related expense have no impact on either our operating or net income. We recognize key money paid in conjunction with entering into long-term franchise agreements as prepaid expenses and amortize the amount paid against revenue over the term of the franchise agreements.
Reclassifications	Reclassifications Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. Except as otherwise described, these reclassifications had no material effect on net income/loss, total assets, total liabilities, total stockholders’ equity, or net cash flows as previously reported.
Recent Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, which is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. ASU 2014-09 may be applied using either a full retrospective or a modified retrospective approach and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted. In July 2015, the FASB voted to defer the effective date to January 1, 2018 with early adoption beginning January 1, 2017. We are in the process of evaluating this guidance and our method of adoption. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, which changes the consolidation analysis for both the variable interest model and for the voting model for limited partnerships and similar entities. ASU 2015-02 is effective for annual and interim periods beginning after December 15, 2015 and early application is permitted. ASU 2015-02 provides for one of two methods of transition: retrospective application to each prior period presented; or recognition of the cumulative effect of retrospective application of the new standard in the period of initial application. We are in the process of evaluating this guidance and our method of adoption. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. ASU 2015-03 is effective for annual and interim periods beginning after December 15, 2015 and early application is permitted. We early adopted this guidance in the first quarter of 2015. We utilized retrospective application of the new standard and reclassified prior period balances of prepaid debt fees to debt discount. In April 2015, the FASB issued ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, which provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the accounting for a customer’s accounting for service contracts. ASU 2015-05 is effective for annual and interim reporting periods beginning after December 15, 2015. We are in the process of evaluating this guidance and our method of adoption. Management has assessed the potential impact of other recently issued, but not yet effective, accounting standards and determined that the provisions are either not applicable to our company, or are not anticipated to have a material impact on our consolidated financial statements.
Short-term Investment	Short-term investments consist of variable rate demand notes with maturities that range from two to thirty-five years. They are all classified as available-for-sale. The carrying amounts are reasonable estimates of their fair values due to interest rates which are variable in nature and a put provision at par plus accrued interest.

Organization (Tables)

Organization (Tables)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of summary of properties	A summary of our properties as of September 30, 2015 is provided below: Hotels Total Available Rooms Company operated hotels Majority owned and consolidated 13 2,660 Leased and consolidated 5 1,027 Managed 2 487 Franchised hotels 104 10,132 Leo Hotel Collection 1 300 Total systemwide 125 14,606

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2015
Variable Interest Entities [Abstract]
Schedule of Condensed Financial Statements	RL Venture is considered a significant subsidiary; therefore the following condensed financial statements are presented to satisfy disclosure requirements of Rule 3-05 of Regulation S-X. The liabilities of RL Venture, other than its long-term debt, are non-recourse to our general credit and assets. The long-term debt is non-recourse as to RL Venture, but several investors in RL Venture, including us, are guarantors regarding completion of certain improvements to the hotels, environmental covenants in the loan agreement, losses incurred by the lender and any event of bankruptcy involving RL Venture or any of its subsidiaries. Condensed Balance Sheet September 30, 2015 Assets: Cash and restricted cash $ 15,422 Accounts receivable, net 2,445 Inventories 476 Prepaid expenses and other assets 439 Property and equipment, net 107,991 Total assets $ 126,773 Liabilities: Accounts payable $ 2,298 Accrued payroll and related benefits 1,869 Other accrued expenses 2,062 Long-term debt 53,678 Total liabilities 59,907 Shareholders' equity 66,866 Total liabilities and stockholders' equity $ 126,773 Condensed Statement of Income (Loss) Three months ended Nine months ended September 30, 2015 September 30, 2015 Hotel revenue $ 23,821 $ 57,573 Hotel operating expenses 14,700 37,772 Depreciation and amortization 1,979 5,640 General and administrative expenses 1,960 5,149 Other expenses 17 58 Operating income (loss) 5,165 8,954 Interest expense 874 2,474 Net income (loss) $ 4,291 $ 6,480

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment is summarized as follows (in thousands): September 30, December 31, Buildings and equipment $ 182,919 $ 182,273 Landscaping and land improvements 7,174 6,943 Furniture and fixtures 32,241 31,910 222,334 221,126 Less accumulated depreciation (124,650 ) (117,968 ) 97,684 103,158 Land 38,891 39,087 Construction in progress 31,495 18,165 Property and equipment, net $ 168,070 $ 160,410

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Assets Held for Sale	The property and equipment of these properties that are classified as assets held for sale on the December 31, 2014 consolidated balance sheet are detailed in the table below (in thousands): December 31, Buildings and equipment $ 16,339 Landscaping and land improvements 345 Furniture and fixtures 1,948 18,632 Less accumulated depreciation and amortization (8,537 ) 10,095 Land 11,066 Construction in progress 12 Assets held for sale $ 21,173

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet and Income Statement	The following table summarizes the results of discontinued operations for the periods indicated (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ — $ — $ — $ 133 Operating expenses — — — (298 ) Hotel facility and land lease — — — (30 ) Loss from operations of discontinued business units — — — (195 ) Loss on disposal and impairment of the assets of the discontinued business units — — — (2 ) Loss from discontinued operations $ — $ — $ — $ (197 )

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangibles	The following table summarizes the balances of goodwill and other intangible assets (in thousands): September 30, 2015 December 31, 2014 Goodwill $ 8,512 $ 8,512 Intangible assets Brand names $ 12,314 $ 6,878 Customer contracts 3,026 — Trademarks 134 134 Total intangible assets $ 15,474 $ 7,012 Goodwill and other intangible assets attributable to each of our business segments were as follows (in thousands): September 30, 2015 December 31, 2014 Other Other Goodwill Intangibles Goodwill Intangibles Company operated hotels $ — $ 4,659 $ — $ 4,659 Franchised hotels 5,351 10,809 5,351 2,347 Entertainment 3,161 6 3,161 6 Total $ 8,512 $ 15,474 $ 8,512 $ 7,012
Schedule of Intangible Assets	The following table summarizes the balances of amortized customer contracts (in thousands): September 30, 2015 December 31, 2014 Historical cost $ 3,420 $ — Accumulated amortization (394 ) — Net carrying amount $ 3,026 $ —
Schedule of Estimated Future Amortization Expenses	As of September 30, 2015 , estimated future amortization expenses related to intangible assets is as follows (in thousands): Year Ending December 31, Amount 2015 $ 174 2016 625 2017 531 2018 433 2019 366 Thereafter 897 Total $ 3,026

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of current and non-current portions of long-term debt and capital lease obligations	The current and non-current portions of long-term debt and capital lease obligations as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 December 31, 2014 Current Non-Current Current Non-Current RL Venture $ — $ 53,678 $ — $ — RL Baltimore — 12,030 — — RLH Atlanta — 5,732 — — Wells Fargo — — — 29,873 Debentures due Red Lion Hotels Capital Trust — 30,825 — 30,825 Total $ — $ 102,265 $ — $ 60,698

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Selected financial information is provided below (in thousands): Three months ended September 30, 2015 Company Operated Hotels Franchised Hotels Entertainment Other Total Revenue $ 38,119 $ 3,800 $ 1,800 $ 16 $ 43,735 Segment operating expenses $ 26,586 $ 3,087 $ 1,666 $ 10 $ 31,349 Depreciation and amortization 2,897 247 61 279 3,484 Other expenses 1,778 — — 2,704 4,482 Operating income (loss) 6,858 466 73 (2,977 ) 4,420 Interest expense (1,257 ) — — (732 ) (1,989 ) Other income 25 1 — 49 75 Income tax expense — — — 49 49 Net Income (loss) 5,626 467 73 (3,611 ) 2,555 Less net (income) loss attributable to noncontrolling interest (1,746 ) — — — (1,746 ) Net income (loss) attributable to RLHC $ 3,880 $ 467 $ 73 $ (3,611 ) $ 809 Capital expenditures $ 9,077 $ 7 $ (73 ) $ 214 $ 9,225 Identifiable assets as of September 30, 2015 $ 274,319 $ 20,557 $ 4,517 $ 10,298 $ 309,691 Three months ended September 30, 2014 Company Operated Hotels Franchise Hotels Entertainment Other Total Revenue $ 36,758 $ 2,066 $ 3,306 $ 14 $ 42,144 Segment operating expenses $ 24,776 $ 1,761 $ 3,092 $ 72 $ 29,701 Depreciation and amortization 2,860 12 78 291 3,241 Other expenses 1,198 — — 1,908 3,106 Operating income (loss) 7,924 293 136 (2,257 ) 6,096 Interest expense — — — (1,041 ) (1,041 ) Other income — — — 46 46 Income (loss) from continuing operations 7,924 293 136 (3,252 ) 5,101 Discontinued operations — — — — — Net income (loss) attributable to RLHC $ 7,924 $ 293 $ 136 $ (3,252 ) $ 5,101 Capital expenditures $ 1,714 $ 4 $ 78 $ 119 $ 1,915 Identifiable assets as of December 31, 2014 $ 190,332 $ 9,807 $ 6,161 $ 16,727 $ 223,027 Nine months ended September 30, 2015 Company Operated Hotels Franchised Hotels Entertainment Other Total Revenue $ 93,366 $ 9,123 $ 7,537 $ 38 $ 110,064 Segment operating expenses $ 70,852 $ 8,494 $ 7,041 $ 26 $ 86,413 Depreciation and amortization 8,431 426 197 549 9,603 Other expenses (11,606 ) — — 7,908 (3,698 ) Operating income (loss) 25,689 203 299 (8,445 ) 17,746 Interest expense (2,982 ) — — (2,246 ) (5,228 ) Loss on early retirement of debt — — — (1,159 ) (1,159 ) Other income — 10 46 324 380 Income tax expense — — — (37 ) (37 ) Net Income (loss) 22,707 213 345 (11,563 ) 11,702 Less net (income) loss attributable to noncontrolling interest (2,653 ) — — — (2,653 ) Net income (loss) attributable to RLHC $ 20,054 $ 213 $ 345 $ (11,563 ) $ 9,049 Capital expenditures $ 15,775 $ 14 $ 16 $ 1,323 $ 17,128 Identifiable assets as of September 30, 2015 $ 274,319 $ 20,557 $ 4,517 $ 10,298 $ 309,691 Nine months ended September 30, 2014 Company Operated Hotels Franchise Hotels Entertainment Other Total Revenue $ 94,081 $ 8,044 $ 13,950 $ 65 $ 116,140 Segment operating expenses $ 72,827 $ 5,259 $ 11,946 $ 237 $ 90,269 Depreciation and amortization 8,552 37 245 732 9,566 Other expenses 44 — — 6,087 6,131 Operating income (loss) 12,658 2,748 1,759 (6,991 ) 10,174 Interest expense — — — (3,436 ) (3,436 ) Other income — 1 17 185 203 Income tax (expense) benefit — — — (31 ) (31 ) Income (loss) from continuing operations 12,658 2,749 1,776 (10,273 ) 6,910 Discontinued operations (1 ) — — (188 ) (189 ) Net income (loss) attributable to RLHC $ 12,657 $ 2,749 $ 1,776 $ (10,461 ) $ 6,721 Capital expenditures $ 6,894 $ 20 $ 241 $ 105 $ 7,260 Identifiable assets as of December 31, 2014 $ 190,332 $ 9,807 $ 6,161 $ 16,727 $ 223,027

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents a reconciliation of the numerators and denominators used in the basic and diluted net income (loss) per share computations for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator - basic and diluted: Net income (loss) from continuing operations $ 2,555 $ 5,101 $ 11,702 $ 6,910 Less: net (income) loss attributable to noncontrolling interest (1,746 ) — (2,653 ) — Income (loss) from continuing operations attributable to Red Lion Hotels Corporation 809 5,101 9,049 6,910 Income (loss) from discontinued operations — — — (189 ) Net income (loss) attributable to Red Lion Hotels Corporation $ 809 $ 5,101 $ 9,049 $ 6,721 Denominator: Weighted average shares - basic 20,028 19,822 19,960 19,765 Weighted average shares - diluted 20,607 19,866 20,131 19,839 Earnings (loss) per share - basic Income (loss) from continuing operations attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.35 Income (loss) from discontinued operations — — — (0.01 ) Net income (loss) attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.34 Earnings (loss) per share - diluted Income (loss) from continuing operations attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.35 Income (loss) from discontinued operations — — — (0.01 ) Net income (loss) attributable to Red Lion Hotels Corporation $ 0.04 $ 0.26 $ 0.45 $ 0.34

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Options Activity	A summary of stock option activity for the nine months ended September 30, 2015 , is as follows: Number of Shares Weighted Average Exercise Price Balance, December 31, 2014 75,176 $ 10.27 Options granted — — Options exercised (3,500 ) 7.46 Options forfeited — — Balance, September 30, 2015 71,676 $ 10.41 Exercisable, September 30, 2015 71,676 $ 10.41
Schedule of Stock Option Plans, by Exercise Price Range	Additional information regarding stock options outstanding and exercisable as of September 30, 2015 , is as follows: Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (Years) Expiration Date Weighted Average Exercise Price Aggregate Intrinsic Value (1) Number Exercisable Weighted Average Exercise Price Aggregate Intrinsic Value (1) $8.74 40,836 2.64 2018 8.74 — 40,836 8.74 $ — $12.21 15,195 1.14 2016 12.21 — 15,195 12.21 — $13.00 15,645 1.63 2017 13.00 — 15,645 13.00 — 71,676 2.10 2015-2018 $ 10.41 $ — 71,676 $ 10.41 $ — __________ (1) The aggregate intrinsic value is before applicable income taxes and represents the amount option recipients would have received if all options had been fully vested and exercised on the last trading day of the first nine months of 2015 , or September 30, 2015 , based upon our closing stock price on that date of $8.50 .
Schedule of Restricted Stock	A summary of restricted stock unit activity for the nine months ended September 30, 2015 , is as follows: Number of Shares Weighted Average Grant Date Fair Value Balance, December 31, 2014 398,513 $ 7.32 Granted 984,383 $ 7.17 Vested (131,929 ) $ 5.39 Forfeited (31,267 ) $ 6.00 Balance, September 30, 2015 1,219,700 $ 6.94

Fair Value of Financial Instr36

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value and Carrying Amount	September 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents and restricted cash (1) $ 89,192 $ 89,192 $ 5,351 $ 5,351 Short-term investments $ 7,866 $ 7,866 — — Accounts receivable (1) $ 8,909 $ 8,909 $ 6,752 $ 6,752 Notes receivable $ 1,972 $ 1,972 $ 5,284 $ 5,284 Financial liabilities: Current liabilities, excluding debt (1) $ 27,240 $ 27,240 $ 18,469 $ 18,469 Total debt, excluding debentures $ 71,440 $ 78,130 $ 29,873 $ 30,683 Debentures $ 30,825 $ 31,578 $ 30,825 $ 31,639 __________ (1) Includes the cash, accounts receivable, and current liabilities of discontinued operations held for sale as of December 31, 2014.

Organization (Details)

Organization (Details)	Sep. 30, 2015roomhotel
Real Estate Properties [Line Items]
Hotels | hotel	125
Total Available Rooms	14,606
Equity method investment, ownership percentage	19.90%
Red Lion Hotels Capital Trust
Real Estate Properties [Line Items]
VIE, ownership by non-controlling interest holders	3.00%
Franchised hotels
Real Estate Properties [Line Items]
Hotels | hotel	104
Total Available Rooms	10,132
Majority owned and consolidated
Real Estate Properties [Line Items]
Hotels | hotel	13
Total Available Rooms	2,660
Leased and consolidated
Real Estate Properties [Line Items]
Hotels | hotel	5
Total Available Rooms	1,027
Managed
Real Estate Properties [Line Items]
Hotels | hotel	2
Total Available Rooms	487
Leo Hotel Collection
Real Estate Properties [Line Items]
Hotels | hotel	1
Total Available Rooms	300

Basis of Presentation (Details)

Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2015
Minimum [Member]
Schedule of Available-for-sale Securities [Line Items]
Short-Term Investments Maturity Term	2 years
Maximum [Member]
Schedule of Available-for-sale Securities [Line Items]
Short-Term Investments Maturity Term	35 years

Variable Interest Entities (Det

Variable Interest Entities (Details)	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Jan. 31, 2015USD ($)hotel	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Apr. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Assets:
Accounts receivable, net	$ 8,909,000		$ 8,909,000		$ 8,909,000			$ 6,752,000
Inventories	1,065,000		1,065,000		1,065,000			1,013,000
Prepaid expenses and other assets	3,753,000		3,753,000		3,753,000			3,671,000
Property and equipment, net	168,070,000		168,070,000		168,070,000			160,410,000
Total assets	309,691,000		309,691,000		309,691,000			223,027,000
Liabilities:
Accounts payable	5,632,000		5,632,000		5,632,000			2,952,000
Accrued payroll and related benefits	6,767,000		6,767,000		6,767,000			4,567,000
Other accrued expenses	6,467,000		6,467,000		6,467,000			2,547,000
Long-term debt, due after one year, net of discount	102,265,000		102,265,000		102,265,000			60,698,000
Total liabilities	135,584,000		135,584,000		135,584,000			82,190,000
Shareholders' equity	174,107,000		174,107,000		174,107,000			140,837,000
Total liabilities and stockholders’ equity	309,691,000		309,691,000		309,691,000			$ 223,027,000
Condensed Statement of Income (Loss)
Hotel revenue			36,972,000	$ 36,758,000	91,092,000	$ 94,081,000
Hotel operating expenses			25,439,000	24,776,000	68,578,000	72,827,000
Depreciation and amortization			3,484,000	3,241,000	9,603,000	9,566,000
General and administrative expenses			2,676,000	1,899,000	7,803,000	6,078,000
Other expenses			10,000	72,000	26,000	237,000
Operating income (loss)			4,420,000	6,096,000	17,746,000	10,174,000
Interest expense			1,989,000	1,041,000	5,228,000	3,436,000
Net income (loss)			2,555,000	$ 5,101,000	11,702,000	$ 6,721,000
RL Venture LLC
Variable Interest Entity [Line Items]
Cash distributions			2,900,000
RL Venture LLC | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership by non-controlling interest holders		45.00%
Number of hotels transfered | hotel		12
Ownership percentage		55.00%
Loss on the sale of the equity interests as a reduction to additional paid in capital		$ 12,300,000
Cash distributions			1,600,000
Assets:
Cash and restricted cash	15,422,000		15,422,000		15,422,000
Accounts receivable, net	2,445,000		2,445,000		2,445,000
Inventories	476,000		476,000		476,000
Prepaid expenses and other assets	439,000		439,000		439,000
Property and equipment, net	107,991,000		107,991,000		107,991,000
Total assets	126,773,000		126,773,000		126,773,000
Liabilities:
Accounts payable	2,298,000		2,298,000		2,298,000
Accrued payroll and related benefits	1,869,000		1,869,000		1,869,000
Other accrued expenses	2,062,000		2,062,000		2,062,000
Long-term debt, due after one year, net of discount	53,678,000		53,678,000		53,678,000
Total liabilities	59,907,000		59,907,000		59,907,000
Shareholders' equity	66,866,000		66,866,000		66,866,000
Total liabilities and stockholders’ equity	$ 126,773,000		126,773,000		126,773,000
Condensed Statement of Income (Loss)
Hotel revenue			23,821,000		57,573,000
Hotel operating expenses			14,700,000		37,772,000
Depreciation and amortization			1,979,000		5,640,000
General and administrative expenses			1,960,000		5,149,000
Other expenses			17,000		58,000
Operating income (loss)			5,165,000		8,954,000
Interest expense			874,000		2,474,000
Net income (loss)			4,291,000		6,480,000
RLS Balt Venture LLC
Condensed Statement of Income (Loss)
Ownership by non-controlling interest holders							21.00%
Option to purchase additional interest percent							24.00%
Option to purchase additional interest cost							$ 2,300,000
RLS Balt Venture LLC | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Cash distributions			0		0
RLS Atla Venture [Member] | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership percentage	55.00%
Cash distributions			$ 0		$ 0
RLS Atla Venture [Member] | Variable Interest Entity, Primary Beneficiary | Shelbourne Falcon III [Member]
Variable Interest Entity [Line Items]
Ownership percentage	45.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 222,334	$ 221,126
Less accumulated depreciation	(124,650)	(117,968)
Property, plant and equipment, net, excluding land and construction in progress	97,684	103,158
Property and equipment, net	168,070	160,410
Buildings and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	182,919	182,273
Landscaping and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,174	6,943
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	32,241	31,910
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	38,891	39,087
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 31,495	$ 18,165

Assets Held for Sale (Details)

Assets Held for Sale (Details) - USD ($) $ in Thousands	1 Months Ended		9 Months Ended
	Feb. 28, 2015	Jan. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment			$ 37,730	$ 16,176
Wenatchee and Bellevue [Member]
Property, Plant and Equipment [Line Items]
Assets held for sale, gross					$ 18,632
Less accumulated depreciation and amortization					(8,537)
Assets held for sale, net, excluding land and construction in progress					10,095
Assets held for sale					21,173
Wenatchee and Bellevue [Member] | Buildings and equipment
Property, Plant and Equipment [Line Items]
Assets held for sale, gross					16,339
Wenatchee and Bellevue [Member] | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Assets held for sale, gross					345
Wenatchee and Bellevue [Member] | Landscaping and land improvements
Property, Plant and Equipment [Line Items]
Assets held for sale, gross					1,948
Wenatchee and Bellevue [Member] | Land
Property, Plant and Equipment [Line Items]
Assets held for sale, gross					11,066
Wenatchee and Bellevue [Member] | Construction in progress
Property, Plant and Equipment [Line Items]
Assets held for sale, gross					$ 12
Red Lion Hotel Wenatchee
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment		$ 4,100
Gain on sale of property		$ 200
Bellevue Property
Property, Plant and Equipment [Line Items]
Proceeds from disposition of property and equipment	$ 35,400
Gain on sale of property	$ 16,200

Discontinued Operations (Income

Discontinued Operations (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from operations of discontinued business units	$ 0	$ 0	$ 0	$ (187)
Loss on disposal and impairment of the assets of the discontinued business units	0	0	0	(2)
Net income (loss) from discontinued operations	0	0	0	(189)
Red Lion Hotel Eugene, Oregon
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	0	0	133
Operating expenses	0	0	0	(298)
Hotel facility and land lease	0	0	0	(30)
Loss from operations of discontinued business units	0		0	(195)
Loss on disposal and impairment of the assets of the discontinued business units	0		0	(2)
Net income (loss) from discontinued operations	$ 0	$ 0	$ 0	$ (197)

Goodwill and Intangible Asset43

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Apr. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill		$ 8,512	$ 8,512
Intangible assets		15,474	7,012
Historical cost		3,420	0
Accumulated amortization		(394)	0
Net carrying amount		3,026	0
2,015		174
2,016		625
2,017		531
2,018		433
2,019		366
Thereafter		897
GuestHouse International LLC [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Preliminary purchase price	$ 5,400
Company operated hotels
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill		0	0
Intangible assets		4,659	4,659
Franchised hotels
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill		5,351	5,351
Intangible assets		10,809	2,347
Entertainment
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill		3,161	3,161
Intangible assets		6	6
Brand names
Schedule of Goodwill and Intangible Assets [Line Items]
Intangible assets		12,314	6,878
Customer contracts
Schedule of Goodwill and Intangible Assets [Line Items]
Amortization period	10 years
Intangible assets		3,026	0
Customer contracts | GuestHouse International LLC [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Preliminary purchase price	$ 3,400
Finite-Lived Intangible Assets, Purchase Accounting Adjustments		1,500
Trademarks
Schedule of Goodwill and Intangible Assets [Line Items]
Intangible assets		$ 134	$ 134

Long-Term Debt (Schedule of Deb

Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Current	$ 0	$ 0
Non-Current	102,265	60,698
Long-term Debt | RL Venture
Debt Instrument [Line Items]
Current	0	0
Non-Current	53,678	0
Long-term Debt | RL Baltimore
Debt Instrument [Line Items]
Current	0	0
Non-Current	12,030	0
Long-term Debt | RLH Atlanta [Member]
Debt Instrument [Line Items]
Current	0	0
Non-Current	5,732	0
Long-term Debt | Wells Fargo
Debt Instrument [Line Items]
Current	0	0
Non-Current	0	29,873
Long-term Debt | Debentures due Red Lion Hotels Capital Trust
Debt Instrument [Line Items]
Current	0	0
Non-Current	$ 30,825	$ 30,825

Long-Term Debt (RL Venture) (De

Long-Term Debt (RL Venture) (Details) - RL Venture LLC $ in Millions	1 Months Ended	9 Months Ended
	Jan. 31, 2015USD ($)subsidiary	Sep. 30, 2015USD ($)
Debt Instrument [Line Items]
Number of wholly-owned subsidiaries | subsidiary	12
Long-term Debt
Debt Instrument [Line Items]
Principal amount of debt	$ 53.8
Additional advance	$ 26.2
Term of loan	2 years
Amount drawn		$ 1.9
Unamortized debt issuance fees		$ 2
Extension period	1 year
Long-term Debt | LIBOR
Debt Instrument [Line Items]
Amortization period	25 years
Basis spread on variable rate	4.75%

Long-Term Debt (RL Baltimore) (

Long-Term Debt (RL Baltimore) (Details) - RL Baltimore - Long-term Debt $ in Thousands	1 Months Ended	9 Months Ended
	Apr. 30, 2015USD ($)extension	Sep. 30, 2015USD ($)
Debt Instrument [Line Items]
Principal amount of debt	$ 10,100
Additional advance	$ 3,200
Amount drawn		$ 2,600
Unamortized debt issuance fees		$ 700
Number of extension options | extension	2
Extension period	1 year
Monthly principal payments	$ 16
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	6.25%

Long-Term Debt (RLH Atlanta) (D

Long-Term Debt (RLH Atlanta) (Details) - RLH Atlanta [Member] - Long-term Debt $ in Millions	1 Months Ended
	Sep. 30, 2015USD ($)extension
Debt Instrument [Line Items]
Principal amount of debt	$ 6
Additional advance	3.4
Unamortized debt issuance fees	$ 0.3
Number of extension options | extension	2
Extension period	1 year
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	6.35%

Long-Term Debt (Wells Fargo) (D

Long-Term Debt (Wells Fargo) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Loss on early retirement of debt		$ 0	$ 0	$ 1,159	$ 0
Line of Credit | Wells Fargo Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 10,000
Notes Payable to Banks | Term Loan
Debt Instrument [Line Items]
Loss on early retirement of debt	$ 1,200

Long-Term Debt (Debentures of R

Long-Term Debt (Debentures of Red Lion Hotels Capital Trust) (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debentures due Red Lion Hotels Capital Trust	$ 30.8	$ 30.8
Trust Preferred Securities Subject to Mandatory Redemption
Debt Instrument [Line Items]
Proceeds from issuance of trust preferred securities	$ 0.5
VIE, ownership by non-controlling interest holders	3.00%
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net	$ 1.4
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Mandatory Redemption Percentage, Upon Occurrence of Triggering Event	35.00%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Percentage of Issued Value, Upon Occurrence of Triggering Event	5.00%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Upon Occurrence of Triggering Event	$ 50
Payments for Repurchase of Trust Preferred Securities	$ 16.6
Financial Instruments Subject to Mandatory Redemption, Preferred Stock and Common Stock Outstanding, Redemption Percentage	35.00%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Redemption Price Per Share	$ 26.25
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Redemption Premium Percentage	5.00%
Red Lion Hotels Capital Trust | Trust Preferred Securities Subject to Mandatory Redemption | Variable Interest Entity, Not Primary Beneficiary
Debt Instrument [Line Items]
Proceeds from issuance of trust preferred securities	$ 46
Redeemable preferred stock, cash distributions percentage	9.50%
Payment of financing and stock issuance costs	$ 2.3
Non-Current Liabilities | Trust Preferred Securities Subject to Mandatory Redemption
Debt Instrument [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Debenture Percentage	9.50%

Derivative Financial Instrume50

Derivative Financial Instruments (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative [Line Items]
Loss on early retirement of debt		$ 0	$ 0	$ (1,159,000)	$ 0
Early retirement of debt
Derivative [Line Items]
Loss on early retirement of debt	$ 1,200,000
Interest rate swap
Derivative [Line Items]
Derivative liabilities	16,200,000
Interest rate swap | Early retirement of debt
Derivative [Line Items]
Loss on early retirement of debt	$ 400,000
RL Venture LLC | Interest rate cap
Derivative [Line Items]
Derivative notional amount		$ 80,000,000		$ 80,000,000
Fixed interest rate		5.00%		5.00%
RL Venture LLC | Interest rate cap | Other accrued expenses
Derivative [Line Items]
Derivative liabilities		$ 8,000		$ 8,000
RLS Balt Venture LLC | Interest rate cap
Derivative [Line Items]
Derivative notional amount		$ 13,300,000		$ 13,300,000
Fixed interest rate		3.00%		3.00%
RLS Balt Venture LLC | Interest rate cap | Other accrued expenses
Derivative [Line Items]
Derivative liabilities		$ 8,000		$ 8,000
RLH Atlanta [Member] | Interest rate cap
Derivative [Line Items]
Derivative notional amount		$ 9,400,000		$ 9,400,000
Fixed interest rate		3.00%		3.00%
RLH Atlanta [Member] | Interest rate cap | Other accrued expenses
Derivative [Line Items]
Derivative liabilities		$ 10,000		$ 10,000

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)segment	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			3
Revenue	$ 43,735	$ 42,144	$ 110,064	$ 116,140
Segment operating expenses	31,349	29,701	86,413	90,269
Depreciation and amortization	3,484	3,241	9,603	9,566
Other expenses	4,482	3,106	(3,698)	6,131
Operating income (loss)	4,420	6,096	17,746	10,174
Interest expense	(1,989)	(1,041)	(5,228)	(3,436)
Loss on early retirement of debt	0	0	(1,159)	0
Other income, net	75	46	380	203
Income tax (expense) benefit	49	0	(37)	(31)
Net income (loss) from continuing operations	2,555	5,101	11,702	6,910
Discontinued operations	0	0	0	(189)
Net income (loss)	2,555	5,101	11,702	6,721
Net (income) loss attributable to noncontrolling interest	(1,746)	0	(2,653)	0
Net income (loss) attributable to Red Lion Hotels Corporation	809	5,101	9,049	6,721
Capital expenditures	9,225	1,915	17,128	7,260
Identifiable assets as of September 30, 2015	309,691		309,691		$ 223,027
Franchise Revenue	3,800	2,066	9,123	8,044
Entertainment	1,800	3,306	7,537	13,950
Other	16	14	38	65
Franchise Costs	3,087	1,761	8,494	5,259
Entertainment Expenses	1,666	3,092	7,041	11,946
Other expenses	10	72	26	237
Operating segments | Company operated hotels
Segment Reporting Information [Line Items]
Revenue	38,119	36,758	93,366	94,081
Segment operating expenses	26,586	24,776	70,852	72,827
Depreciation and amortization	2,897	2,860	8,431	8,552
Other expenses	1,778	1,198	(11,606)	44
Operating income (loss)	6,858	7,924	25,689	12,658
Interest expense	(1,257)	0	(2,982)	0
Loss on early retirement of debt			0
Other income, net	25	0	0	0
Income tax (expense) benefit	0		0	0
Net income (loss) from continuing operations		7,924		12,658
Discontinued operations		0		(1)
Net income (loss)	5,626		22,707
Net (income) loss attributable to noncontrolling interest	(1,746)		(2,653)
Net income (loss) attributable to Red Lion Hotels Corporation	3,880	7,924	20,054	12,657
Capital expenditures	9,077	1,714	15,775	6,894
Identifiable assets as of September 30, 2015	274,319		274,319		190,332
Operating segments | Franchised hotels
Segment Reporting Information [Line Items]
Depreciation and amortization	247	12	426	37
Other expenses	0	0	0	0
Operating income (loss)	466	293	203	2,748
Interest expense	0	0	0	0
Loss on early retirement of debt			0
Other income, net	1	0	10	1
Income tax (expense) benefit	0		0	0
Net income (loss) from continuing operations		293		2,749
Discontinued operations		0		0
Net income (loss)	467		213
Net (income) loss attributable to noncontrolling interest	0		0
Net income (loss) attributable to Red Lion Hotels Corporation	467	293	213	2,749
Capital expenditures	7	4	14	20
Identifiable assets as of September 30, 2015	20,557		20,557		9,807
Franchise Revenue	3,800	2,066	9,123	8,044
Franchise Costs	3,087	1,761	8,494	5,259
Operating segments | Entertainment
Segment Reporting Information [Line Items]
Depreciation and amortization	61	78	197	245
Other expenses	0	0	0	0
Operating income (loss)	73	136	299	1,759
Interest expense	0	0	0	0
Loss on early retirement of debt			0
Other income, net	0	0	46	17
Income tax (expense) benefit	0		0	0
Net income (loss) from continuing operations		136		1,776
Discontinued operations		0		0
Net income (loss)	73		345
Net (income) loss attributable to noncontrolling interest	0		0
Net income (loss) attributable to Red Lion Hotels Corporation	73	136	345	1,776
Capital expenditures	(73)	78	16	241
Identifiable assets as of September 30, 2015	4,517		4,517		6,161
Entertainment	1,800	3,306	7,537	13,950
Entertainment Expenses	1,666	3,092	7,041	11,946
Other
Segment Reporting Information [Line Items]
Depreciation and amortization	279	291	549	732
Other expenses	2,704	1,908	7,908	6,087
Operating income (loss)	(2,977)	(2,257)	(8,445)	(6,991)
Interest expense	(732)	(1,041)	(2,246)	(3,436)
Loss on early retirement of debt			(1,159)
Other income, net	49	46	324	185
Income tax (expense) benefit	49		(37)	(31)
Net income (loss) from continuing operations		(3,252)		(10,273)
Discontinued operations		0		(188)
Net income (loss)	(3,611)		(11,563)
Net (income) loss attributable to noncontrolling interest	0		0
Net income (loss) attributable to Red Lion Hotels Corporation	(3,611)	(3,252)	(11,563)	(10,461)
Capital expenditures	214	119	1,323	105
Identifiable assets as of September 30, 2015	10,298		10,298		$ 16,727
Other	16	14	38	65
Other expenses	$ 10	$ 72	$ 26	$ 237

Earnings (Loss) Per Share (Sche

Earnings (Loss) Per Share (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator - basic and diluted:
Net income (loss) from continuing operations	$ 2,555	$ 5,101	$ 11,702	$ 6,910
Net (income) loss attributable to noncontrolling interest	(1,746)	0	(2,653)	0
Income (loss) from continuing operations attributable to Red Lion Hotels Corporation	809	5,101	9,049	6,910
Income (loss) from discontinued operations	0	0	0	(189)
Net income (loss) attributable to Red Lion Hotels Corporation	$ 809	$ 5,101	$ 9,049	$ 6,721
Denominator:
Weighted average shares - basic (in shares)	20,028	19,822	19,960	19,765
Weighted average shares - diluted (in shares)	20,607	19,866	20,131	19,839
Earnings (loss) per share - basic
Income (loss) from continuing operations attributable to Red Lion Hotels Corporation (in dollars per share)	$ 0.04	$ 0.26	$ 0.45	$ 0.35
Income (loss) from discontinued operations (in dollars per share)	0	0	0	(0.01)
Net income (loss) attributable to Red Lion Hotels Corporation (in dollars per share)	0.04	0.26	0.45	0.34
Earnings (loss) per share - diluted
Income (loss) from continuing operations attributable to Red Lion Hotels Corporation (in dollars per share)	0.04	0.26	0.45	0.35
Income (loss) from discontinued operations (in dollars per share)	0	0	0	(0.01)
Net income (loss) attributable to Red Lion Hotels Corporation (in dollars per share)	$ 0.04	$ 0.26	$ 0.45	$ 0.34

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Stock Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Options outstanding (in shares)	71,676	96,036	71,676	96,036
Restricted Stock Units (RSUs)
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Other than options outstanding (in shares)	1,219,700	407,338	1,219,700	407,338	398,513
Warrants
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Other than options outstanding (in shares)	442,533		442,533
Stock Options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of EPS (in shares)	70,934	94,991	71,676	94,871
Restricted Stock Units (RSUs)
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of EPS (in shares)	719,147	364,489	1,080,280	334,116
Warrants
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of EPS (in shares)	364,633		410,693

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (49)	$ 0	$ 37	$ 31

Stockholders' Equity (Stock Inc

Stockholders' Equity (Stock Incentive Plans) (Details)	Sep. 30, 2015shares
2006 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares approved (in shares)	2,000,000
Number of shares of common stock available for issuance (in shares)	12,727
2015 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares approved (in shares)	1,400,000
Number of shares of common stock available for issuance (in shares)	854,352

Stockholders' Equity (Stock Opt

Stockholders' Equity (Stock Options) (Details) - Stock Options	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares	Sep. 30, 2014USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense | $	$ 0	$ 0
Number of Shares (in shares)
Balance, December 31, 2014	75,176
Options granted	0
Options exercised	(3,500)
Options forfeited	0
Balance, September 30, 2015	71,676
Exercisable, September 30, 2015	71,676
Weighted Average Exercise Price (in dollars per share)
Balance, December 31, 2014 | $ / shares	$ 10.27
Options granted | $ / shares	0
Options exercised | $ / shares	7.46
Options forfeited | $ / shares	0
Balance, September 30, 2015 | $ / shares	10.41
Exercisable, September 30, 2015 | $ / shares	$ 10.41

Stockholders' Equity (Exercise

Stockholders' Equity (Exercise Price Range) (Details)	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Closing stock price (in dollars per share)	$ 8.50
Stock Options
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number Outstanding (in shares) | shares	71,676
Weighted Average Remaining Contractual Life (Years)	2 years 1 month 6 days
Number Exercisable (in shares) | shares	71,676
Options outstanding, Weighted average exercise price (in dollars per share)	$ 10.41
Options exercisable, Weighted average exercise price (in dollars per share)	$ 10.41
Aggregate Intrinsic Value | $	$ 0
$8.74 | Stock Options
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 8.74
Number Outstanding (in shares) | shares	40,836
Weighted Average Remaining Contractual Life (Years)	2 years 7 months 21 days
Number Exercisable (in shares) | shares	40,836
Options outstanding, Weighted average exercise price (in dollars per share)	$ 8.74
Options exercisable, Weighted average exercise price (in dollars per share)	$ 8.74
Aggregate Intrinsic Value | $	$ 0
$12.21 | Stock Options
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 12.21
Number Outstanding (in shares) | shares	15,195
Weighted Average Remaining Contractual Life (Years)	1 year 1 month 21 days
Number Exercisable (in shares) | shares	15,195
Options outstanding, Weighted average exercise price (in dollars per share)	$ 12.21
Options exercisable, Weighted average exercise price (in dollars per share)	$ 12.21
Aggregate Intrinsic Value | $	$ 0
$13.00 | Stock Options
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 13
Number Outstanding (in shares) | shares	15,645
Weighted Average Remaining Contractual Life (Years)	1 year 7 months 17 days
Number Exercisable (in shares) | shares	15,645
Options outstanding, Weighted average exercise price (in dollars per share)	$ 13
Options exercisable, Weighted average exercise price (in dollars per share)	$ 13
Aggregate Intrinsic Value | $	$ 0

Stockholders' Equity (Restricte

Stockholders' Equity (Restricted Stock Units) (Details) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of total units granted that are forfeited	22.00%		22.00%
Compensation expense	$ 0.5	$ 0.2
Additional compensation expense	6.1		$ 6.1
Weighted average period			40 months
Additional compensation expense expected remainder of year	$ 0.5		$ 0.5
Number of Shares (in shares)
Balance, December 31, 2014			398,513
Granted			984,383
Vested			(131,929)
Forfeited			(31,267)
Balance, September 30, 2015	1,219,700	407,338	1,219,700
Weighted Average Grant Date Fair Value (in dollars per share)
Balance, December 31, 2014			$ 7.32
Granted			7.17
Vested			5.39
Forfeited			6
Balance, September 30, 2015	$ 6.94		$ 6.94

Stockholders' Equity (Employee

Stockholders' Equity (Employee Stock Purchase Plan) (Details) - 2008 ESPP - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 2008	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock authorized for purchase (in shares)	300,000
Maximum amount employees can purchase (in shares)	$ 25,000
Maximum number of shares employees can purchase (in shares)	10,000
Number of shares issued to participants (in shares)		10,614	7,405

Stockholders' Equity (Warrants)

Stockholders' Equity (Warrants) (Details) - Common stock	1 Months Ended
	Jan. 31, 2015$ / sharesshares
Class of Warrant or Right [Line Items]
Warrants issued (in shares) | shares	442,533
Warrant term	5 years
Warrants issued (in dollars per share)	$ 6.78

Fair Value of Financial Instr61

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying Amount
Financial assets:
Cash and cash equivalents and restricted cash	$ 89,192	$ 5,351
Short-term investments	7,866	0
Accounts receivable	8,909	6,752
Notes receivable	1,972	5,284
Financial liabilities:
Current liabilities, excluding debt	27,240	18,469
Total debt, excluding debentures	71,440	29,873
Debentures	30,825	30,825
Fair Value
Financial assets:
Cash and cash equivalents and restricted cash	89,192	5,351
Short-term investments	7,866	0
Accounts receivable	8,909	6,752
Notes receivable	1,972	5,284
Financial liabilities:
Current liabilities, excluding debt	27,240	18,469
Total debt, excluding debentures	78,130	30,683
Debentures	$ 31,578	$ 31,639

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Sep. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Equity method investment, ownership percentage	19.90%
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 1.8
Guarantor Obligations, Maximum Exposure, Percentage	19.90%
Lease termination fee	$ 3

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	May. 31, 2015	Sep. 30, 2015	Sep. 30, 2015
Red Lion Hotel Woodlake Conference Center Sacramento LLC | Management Agreement [Member]
Related Party Transaction [Line Items]
Ownership by member of board of directors	50.00%
Management fee revenue recognized		$ 31,000	$ 46,000
RL Venture LLC | Shelbourne Falcon | Investor Relations Fee
Related Party Transaction [Line Items]
Monthly investor relations fee, percent of total revenue			0.50%
Construction management fee paid		119,000	$ 287,000
RL Venture LLC | CPA Development, LLC | Construction Management Fee
Related Party Transaction [Line Items]
Construction management fee paid		33,300	55,500
Construction management fee due		$ 200,000	$ 200,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Oct. 29, 2015	Oct. 21, 2015	Nov. 13, 2015	Oct. 16, 2015	Sep. 30, 2015	Apr. 30, 2015
Subsequent Event [Line Items]
Lease termination fee					$ 3,000,000
Equity method investment, ownership percentage					19.90%
RLS Balt Venture LLC
Subsequent Event [Line Items]
Option to purchase additional interest percent						24.00%
RLS Balt Venture LLC | Interest rate cap
Subsequent Event [Line Items]
Derivative notional amount					$ 13,300,000
Fixed interest rate					3.00%
Subsequent Event
Subsequent Event [Line Items]
Equity method investment, ownership percentage				19.90%
Subsequent Event | RLS DC Venture [Member] | Interest rate cap
Subsequent Event [Line Items]
Derivative notional amount	$ 17,500,000
Fixed interest rate	3.00%
Subsequent Event | RLS DC Venture [Member] | Long-term Debt
Subsequent Event [Line Items]
Principal amount of debt	$ 15,200,000
Additional advance	$ 2,300,000
Term of loan	2 years
Extension period	1 year
Monthly principal payments	$ 58,333
Subsequent Event | RLS DC Venture [Member] | Long-term Debt | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate	4.55%
Subsequent Event | Variable Interest Entity, Primary Beneficiary | RLS Balt Venture LLC
Subsequent Event [Line Items]
VIE funding amount		$ 1,500,000
VIE interest on funding		11.00%
Subsequent Event | Variable Interest Entity, Primary Beneficiary | RLS DC Venture [Member]
Subsequent Event [Line Items]
Ownership percentage	86.00%
VIE cost	$ 22,500,000
Subsequent Event | Variable Interest Entity, Primary Beneficiary | RLS DC Venture [Member] | Shelbourne Falcon
Subsequent Event [Line Items]
Ownership percentage	14.00%
Option to purchase additional interest percent	31.00%
Option to purchase additional, cost per specified percent	$ 103.18376
Option to purchase additional, percent per specified cost	0.001%
Forecast
Subsequent Event [Line Items]
Lease termination fee			$ 3,000,000