Red Lion Hotels Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenues of USD 32,674,000 compared to USD 29,715,000 a year ago. Operating loss was USD 4,519,000 compared to operating income of USD 12,634,000 a year ago. Loss before income taxes were USD 5,761,000 compared to income before income taxes of USD 10,245,000 a year ago. Net loss attributable to the company was USD 4,799,000 or USD 0.24 per diluted share compared to net income attributable to the company of USD 10,163,000 or USD 0.51 per diluted share a year ago. Net cash used in operating activities USD 8,788,000 against USD 2,249,000 for the same period a year ago. Capital expenditures were USD 5,180,000 against USD 2,234,000 for the same period a year ago. LBITDA was USD 798,000 against EBITDA of USD 14,723,000 for the same period a year ago. Adjusted LBITDA was USD 670,000 against adjusted EBITDA of USD 83,000 for the same period a year ago. Adjusted net loss was USD 5,692,000 or USD 0.28 per share against USD 4,507,000 or USD 0.23 per share for the same period a year ago. Adjusted LBITDA was due to the medical claims, coupled with planned annualized human capital investments in key business development and marketing roles.

For the year 2016, the company is reiterating the following financial guidance for 2016, based on the outlook for the markets in which the company operates, and its current expectations as follows: 2016 RevPAR for comparable company operated hotels is expected to increase 3% to 5% over 2015; EBITDA is expected to be between USD 17 to USD 20 million; Capital expenditures are expected to range from USD 25 to USD 35 million, primarily funded at the joint venture level.