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Friday, Mar 29, 2024

B. Riley Co-Manages Red Lion Offering

B. Riley & Co. LLC was the joint book-running manager in a public offering of 2.5 million shares of stock in Red Lion Hotels Corp. The Woodland Hills investment bank closed the offering on Dec. 20. It grossed about $20 million for the Spokane, Wash.-based hotel chain, which operates upscale, midscale and economy brands across the U.S., including Red Lion Hotels, Red Lion Inn & Suites, GuestHouse and Americas Best Value Inn. B. Riley & Co. is a subsidiary of B. Riley Financial Inc. B. Riley (RILY) shares closed Tuesday up 25 cents, or just more than 1 percent, to $19.25 on the Nasdaq.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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