RLHC (RLH) Increases Guidance for New Franchise Contract Growth

RLH Corporation (NYSE: RLH) announced today that the company is increasing its guidance for new franchise agreements that will be executed in 2017. Through October 2017, the company achieved its guidance for new franchise agreements for the year of 130. The company expects to exceed 140 new executed contracts by the end of the year.

“Our development team continues to exceed its new contract target for 2017, indicating the strength of the RLH brands in attracting new franchise owners,” said RLH Corporation President & CEO Greg Mount. “These impressive achievements by our development team are vital to our future as we transition away from hotel ownership to an asset-light franchise company business model.”

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