The Woodlake Hotel, which took on that new name earlier this year, will become a Red Lion hotel under a complex agreement announced today.
The hotel along Highway 160, formerly the Radisson, will become Red Lion Hotel Woodlake Conference Center Sacramento, under the ownership of Shri Vinayaka Hotel Inc., operated by Kumar Sharma.
That name change was set in motion with today's announcement that Sharma's subsidiary had purchased the Red Lion Hotel at 1401 Arden Way at Arden Village for $9 million.
Officials of Spokane, Wash.-based Red Lion Hotels Corp. said the franchise agreement with the Arden Village hotel will end, and Sharma ultimately will have to decide what to do with the property. It could remain a hotel under a new franchise agreement with another lodgings company, Red Lion officials noted.
The Arden Village hotel was previously leased to Sharma's company.
Read more Wednesday in The Sacramento Bee and at Sacbee.com.
Call The Bee's Mark Glover, (916) 321-1184.
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