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Red Lion Becomes 16th Brand in Remington Portfolio

Remington Hotel Corporation, the premier
service provider to the hospitality industry, today announced that
Lone Star Funds and Hudson Advisers have selected the company to provide
Property Management services to the 169-room Red Lion Hotel in Lawton, OK,
effective February 21, 2005. Located on NW Cache Road near historic Fort Sill military base, the Red
Lion Hotel Lawton features a full-service restaurant with complementary
breakfast, seasonal outdoor swimming pool, lounge, business center and
fitness center. The 168 guestrooms and one suite feature coffee maker,
iron and ironing board, hairdryers, in-room satellite television and free
local phone calls. The hotel also includes 3,100 square feet of meeting
and banquet facilities.

Mark A. Sharkey, Chief Operating Officer of Remington, noted, “We are
thrilled to work together again with Lone Star Funds and Hudson Advisors.
The confidence they continue to place in us demonstrates the appeal of our
broad range of hospitality services as well as extensive brand and
geographic experience. The Red Lion Hotel Lawton marks the 16th brand in
our growing asset, project and property management services portfolio. We
look forward to extending the penetration of the Red Lion brand in the
Lawton market.”

Joe Jernigan, Executive Vice President of Hudson Advisors, said, “Since
first establishing a relationship with Remington in May 2004, we have been
very pleased with their project management and property management
expertise, proven results and responsiveness to our needs. Knowing the
opportunities ahead of us with the Red Lion Hotel Lawton, we felt quite
comfortable in calling on Remington once again to develop and execute a
plan to enhance the operating performance of this property.”

John Taffin, Executive Vice President, Hotel Operations for WestCoast
Hospitality Corporation, added, “Gaining a professional management
services firm such as Remington is very positive for the Red Lion Hotel in
Lawton. Given their reputation within the industry, their focus on
improving the guest experience and their dedicated brand relations team,
we know they will be a good manager of the Red Lion brand.”