Douglas Ludwig named Red Lion EVP, CFO

SPOKANE, Wash.
— Red Lion Hotels Corporation (RLHC) has appointed Douglas L. Ludwig as its new
executive vice-president, chief financial officer and treasurer, it was
announced March 20.

Ludwig, a
Canadian citizen, is expected to join the company at the end of March after the
U.S. work authorization process is completed. He will succeed interim CFO David
Wright, who will resume his role as the company's VP of accounting, tax and
external reporting on Ludwig's start date.

Ludwig spent
the past 10 years as CFO at Baha Mar Resorts Limited, a $3.5-billion resort and
casino project in Nassau, Bahamas. Prior to his time at Baha Mar, Ludwig served
for more than 20 years in various accounting, financial and strategic roles at
Four Seasons Hotels Inc., including 13 years as CFO. Ludwig was responsible for
all financial aspects of the company as well as leading the strategic
initiative in transforming Four Seasons from a real estate intensive lodging
model to an asset light services and brand value business, according to the
company. Ludwig's career began with KPMG where he advanced to senior audit
manager prior to joining Four Seasons in 1984.

“Doug is a
seasoned lodging veteran with over three decades of experience who will provide
valuable insights as we continue to grow our platform. His experience with Four
Seasons' asset light transformation is highly complementary to the initiatives
we have put in place at RLHC. We expect that his deep experience as a lodging
CFO will help to ensure that our systems and financial controls are best in class
to support our expanding enterprise,” said RLHC president and CEO Greg T. Mount,
in a release.