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                                                                    EXHIBIT 23.3
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
     As independent public accountants, we hereby consent to the incorporation
by reference and inclusion in this registration statement of our reports dated
February 7, 1995 on the financial statements of Red Lion, a California Limited
Partnership, as of and for the two years ended December 31, 1994 included in
this registration statement and in Red Lion Hotels, Inc.'s Form 10-K for the
year ended December 31, 1995 and to all references to our firm included in this
registration statement.
 
                                          ARTHUR ANDERSEN LLP
 
Portland, Oregon
September 27, 1996