UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 934
(Amendment No. 21)*
Red Lion Hotels Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
756764106
(CUSIP Number)
Alexander B. Washburn
c/o Columbia Pacific Advisors, LLC
1910 Fairview Avenue East, Suite 200
Seattle, Washington 98102-3620
(206) 728-9063
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 20, 2017
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the
following box. [X]
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section 240.13d-7
for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
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Cusip No. 756764106 Schedule 13-D Page 2 of 9
1. Names of Reporting Persons
Columbia Pacific Opportunity Fund, L.P. (1)
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds (See Instructions) WC
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Washington
7. Sole Voting Power
1,510,105 (2)
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY 0
OWNED BY EACH
REPORTING PERSON 9. Sole Dispositive Power
WITH 1,510,105 (2)
10. Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,510,105
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
6.39% (3)
14. Type of Reporting Person
PN
(1) The filing of this joint Schedule 13D shall not be construed as an admission
that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by the statement.
(2) Columbia Pacific Advisors, LLC (the "Adviser") has the sole power to vote or
direct the vote of, and to dispose or direct the disposition of, the 1,510,105
shares of Common Stock held directly Columbia Pacific Opportunity Fund, L.P.
(the "Fund").
(3) Based on 23,626,111 shares of Common Stock outstanding as of October 31,
2017, as reported on the Company's Form 10-Q for the period ended September 30,
2017 and filed on November 6, 2017.
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Cusip No. 756764106 Schedule 13-D Page 3 of 9
1. Names of Reporting Persons
Columbia Pacific Real Estate Fund II, L.P. (1)
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds (See Instructions) WC
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Delaware
7. Sole Voting Power
0
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY 442,533 (2)
OWNED BY EACH
REPORTING PERSON 9. Sole Dispositive Power
WITH 0
10. Shared Dispositive Power
442,533 (2)
11. Aggregate Amount Beneficially Owned by Each Reporting Person
442,533 shares of Common Stock
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
1.87% (3)
14. Type of Reporting Person
PN
(1) The filing of this joint Schedule 13D shall not be construed as an admission
that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by the statement.
(2) Columbia Pacific Advisors, LLC has the sole power to vote or direct the
vote of, and to dispose or direct the disposition of, the 442,533 shares of
Common Stock held directly by Columbia Pacific Real Estate Fund II, L.P.
(3) Based on 23,626,111 shares of Common Stock outstanding as of October 31,
2017, as reported on the Company's Form 10-Q for the period ended September 30,
2017 and filed on November 6, 2017.
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Cusip No. 756764106 Schedule 13-D Page 4 of 9
1. Names of Reporting Persons
Columbia Pacific Advisors, LLC (1)
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds (See Instructions) AF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Washington
7. Sole Voting Power
1,510,105 (2)
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY 442,533 (2)
OWNED BY EACH
REPORTING PERSON 9. Sole Dispositive Power
WITH 1,510,105 (2)
10. Shared Dispositive Power
442,533 (2)
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,952,638
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
8.26% (3)
14. Type of Reporting Person
IA
(1) The filing of this joint Schedule 13D shall not be construed as an admission
that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by the statement.
(2) The Adviser has the sole power to vote or direct the vote of, and to dispose
or direct the disposition of, the 1,510,105 shares of Common Stock held directly
by the Fund and the 442,533 shares of Common Stock attributable to the Real
Estate Fund.
(3) Based on 23,626,111 shares of Common Stock outstanding as of October 31,
2017, as reported on the Company's Form 10-Q for the period ended September 30,
2017 and filed on November 6, 2017.
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Cusip No. 756764106 Schedule 13-D Page 5 of 9
1. Names of Reporting Persons
Alexander B. Washburn (1)
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds (See Instructions) AF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States of America
7. Sole Voting Power
1,510,105 (2)
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY 442,533 (2)
OWNED BY EACH
REPORTING PERSON 9. Sole Dispositive Power
WITH 1,510,105 (2)
10. Shared Dispositive Power
442,533 (2)
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,952,638
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
8.26% (3)
14. Type of Reporting Person
IN
(1) The filing of this joint Schedule 13D shall not be construed as an admission
that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by the statement.
(2) The Adviser has the sole power to vote or direct the vote of, and to dispose
or direct the disposition of, the 1,510,105 shares of Common Stock held directly
by the Fund and the 442,533 shares of Common Stock attributable to the Real
Estate Fund.
(3) Based on 23,626,111 shares of Common Stock outstanding as of October 31,
2017, as reported on the Company's Form 10-Q for the period ended September 30,
2017 and filed on November 6, 2017.
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Cusip No. 756764106 Schedule 13-D Page 6 of 9
1. Names of Reporting Persons
Daniel R. Baty (1)
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds (See Instructions) AF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States of America
7. Sole Voting Power
1,510,105 (2)(3)
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY 442,533 (2)
OWNED BY EACH
REPORTING PERSON 9. Sole Dispositive Power
WITH 1,510,105 (2)(3)
10. Shared Dispositive Power
442,533 (2)
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,952,638
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
8.26% (4)
14. Type of Reporting Person
IN
(1) The filing of this joint Schedule 13D shall not be construed as an admission
that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by the statement.
(2) The Adviser has the sole power to vote or direct the vote of, and to dispose
or direct the disposition of, the 1,510,105 shares of Common Stock held directly
by the Fund and the 442,533 shares of Common Stock attributable to the Real
Estate Fund.
(3) Based on 23,626,111 shares of Common Stock outstanding as of October 31,
2017, as reported on the Company's Form 10-Q for the period ended September 30,
2017 and filed on November 6, 2017.
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Cusip No. 756764106 Schedule 13-D Page 7 of 9
1. Names of Reporting Persons
Stanley L. Baty (1)
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
3. SEC Use Only
4. Source of Funds (See Instructions) AF
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States of America
7. Sole Voting Power
1,510,105 (2)
NUMBER OF SHARES 8. Shared Voting Power
BENEFICIALLY 442,533 (2)
OWNED BY EACH
REPORTING PERSON 9. Sole Dispositive Power
WITH 1,510,105 (2)
10. Shared Dispositive Power
442,533 (2)
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,952,638
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
8.26% (3)
14. Type of Reporting Person
IN
(1) The filing of this joint Schedule 13D shall not be construed as an admission
that any of the reporting persons are, for purposes of Section 13(d) or 13(g) of
the Act, the beneficial owner of any securities covered by the statement.
(2) The Adviser has the sole power to vote or direct the vote of, and to dispose
or direct the disposition of, the 1,510,105 shares of Common Stock held directly
by the Fund and the 442,533 shares of Common Stock attributable to the Real
Estate Fund.
(3) Based on 23,626,111 shares of Common Stock outstanding as of October 31,
2017, as reported on the Company's Form 10-Q for the period ended September 30,
2017 and filed on November 6, 2017.
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Cusip No. 756764106 Schedule 13-D Page 8 of 9
EXPLANATORY NOTE
This Amendment No. 21 amends and supplements the Schedule 13D filed
jointly by Columbia Pacific Opportunity Fund, L.P., a Washington limited
partnership (the "Fund"), Columbia Pacific Real Estate Fund II, L.P., a Delaware
limited partnership (the "Real Estate Fund"), Columbia Pacific Advisors LLC, a
Washington limited liability company (the "Adviser"), Alexander B. Washburn, a
U.S. citizen, Daniel R. Baty, a U.S. citizen and Stanley L. Baty, a U.S. citizen
(each a "Reporting Person" and collectively the "Reporting Persons") with the
Securities and Exchange Commission on June 27, 2008, as amended on February 11,
2009, September 1, 2009, June 16, 2010, July 21, 2010, October 18, 2010,
December 1, 2010, January 20, 2011, May 10, 2011, July 7, 2011, August 29, 2011,
October 13, 2011, November 15, 2011, February 28, 2012, September 7, 2012,
December 4 2012, December 10 2012, January 21, 2015 (January 21 is the first
filing the Real Estate Fund became part of the Reporting Persons), January 22,
2015, June 17, 2015 and November 3, 2016 with respect to the common stock, par
value $0.01 per share (the "Common Stock") of Red Lion Hotels Corporation
(the "Company").
Neither the present filing nor anything contained herein shall be
construed as an admission that the Reporting Persons constitute a "group" for
any purpose and the Reporting Persons expressly disclaim membership in a group.
Except as specifically set forth herein, the Schedule 13D remains unmodified.
Item 4. Purpose of Transaction
Item 4 is hereby amended to add the following:
On November 20, 2017 Columbia Pacific Opportunity Fund, L.P. sold 300,000
shares at $8.3005 per share in a broker transaction in the open-market.
Item 5. Interest in Securities of the Issuer
The responses set forth in Items 5(c) of the Schedule 13D are hereby
replaced in its entirety by the following:
(c) The Reporting Persons have not made any transactions in the shares
of Common Stock on behalf of the Fund or the Real Estate Fund in the past 60
days with the exception of the transaction mentioned in Item 4.
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Cusip No. 756764106 Schedule 13-D Page 9 of 9
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: November 22, 2017 COLUMBIA PACIFIC OPPORTUNITY FUND, L.P.
By: Columbia Pacific Advisors, LLC
General Partner
/s/ Alexander B. Washburn
Name: Alexander B. Washburn
Title: Managing Member
COLUMBIA PACIFIC REAL ESTATE FUND II, L.P.
By: Columbia Pacific Advisors, LLC
Investment Manager
/s/ Alexander B. Washburn
Name: Alexander B. Washburn
Title: Managing Member
COLUMBIA PACIFIC ADVISORS, LLC
By: /s/ Alexander B. Washburn
Name: Alexander B. Washburn
Title: Managing Member
/s/ Alexander B. Washburn
Alexander B. Washburn
/s/ Daniel R. Baty
Daniel R. Baty
/s/ Stanley L. Baty
Stanley L. Baty