Red Lion Hotel’s parent files for bankruptcy protection

Posted on Aug 12, 2019 :: Insight on Business, Web Exclusive.
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Posted by of Insight Publications

The parent company of the Red Lion Hotel Paper Valley filed for bankruptcy in Florida to reorganize its debt.

Hotel owner Inner Circle Investments, which is based in Ormond Beach, Fla., filed the voluntary petition on July 25, according to court records. Hotel officials say the filing should not affect operations of the downtown Appleton hotel or the Fox Cities Exhibition Center, which is managed by the hotel and is located across the street from the hotel.

The Appleton hotel’s finances have been grouped with 10 other properties and they will now be separate, which should help it pay down its debt faster. The hotel started a major renovation project more than a year ago.