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    SEC Form SC 13G filed

    3/8/21 4:10:49 PM ET
    $RLH
    Hotels/Resorts
    Consumer Services
    Get the next $RLH alert in real time by email
    SC 13G 1 sc13g.htm SCHEDULE 13G

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    Under the Securities Exchange Act of 1934

    (Amendment No.  )

    Red Lion Hotels Corporation
    (Name of Issuer)
     
    Common Stock, par value $0.01
    (Title of Class of Securities)
     
    756764106
    (CUSIP Number)
     
    February 24, 2021
    (Date of Event Which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☐ Rule 13d-l(b)

    ☒ Rule 13d-l(c)

    ☐ Rule 13d-l(d)

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




    Page 1 of 7




    CUSIP No. 756764106

       
    1.
    Names of Reporting Persons
       
     
    MFP Partners, L.P.(1)
     
    c/o MFP Investors LLC
     
    909 Third Avenue, 33rd Floor
     
    New York, NY 10022
       
       
    2.
    Check the Appropriate Box if a Member of a Group (See Instructions)
     
    ☐  (a)
     
    ☐  (b)
       
       
    3.
    SEC Use Only
       
       
    4.
    Citizenship or Place of Organization       Delaware
       
       
     
    5.
    Sole Voting Power
         
    Number of
       
    Shares
    6.
    Shared Voting Power       2,106,512
    Beneficially
       
    Owned by Each
       
    Reporting Person
    7.
    Sole Dispositive Power
    With:
       
         
     
    8.
    Shared Dispositive Power       2,106,512
       
       
    9.
    Aggregate Amount Beneficially Owned by Each Reporting Person       2,106,512
       
       
    10.
    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ☐
       
       
    11.
    Percent of Class Represented by Amount in Row (9)       8.3%(2)
       
       
    12.
    Type of Reporting Person (See Instructions)
     
    PN
       

    (1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and the managing member and controlling person of MFP Investors LLC.

    (2) Calculation based on 25,464,735 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.


    Page 2 of 7




    CUSIP No. 756764106

       
    1.
    Names of Reporting Persons
       
     
    MFP Investors LLC(1)
     
    909 Third Avenue, 33rd Floor
     
    New York, NY 10022
       
       
    2.
    Check the Appropriate Box if a Member of a Group (See Instructions)
     
    ☐  (a)
     
    ☐  (b)
       
       
    3.
    SEC Use Only
       
       
    4.
    Citizenship or Place of Organization       Delaware
       
       
     
    5.
    Sole Voting Power
         
    Number of
       
    Shares
    6.
    Shared Voting Power       2,106,512
    Beneficially
       
    Owned by Each
       
    Reporting Person
    7.
    Sole Dispositive Power
    With:
       
         
     
    8.
    Shared Dispositive Power       2,106,512
       
       
    9.
    Aggregate Amount Beneficially Owned by Each Reporting Person       2,106,512
     
       
    10.
    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ☐
       
       
    11.
    Percent of Class Represented by Amount in Row (9)       8.3%(2)
       
       
    12.
    Type of Reporting Person (See Instructions)
     
    OO
       

    (1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.

    (2) Calculation based on 25,464,735 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.


    Page 3 of 7




    CUSIP No. 756764106

       
    1.
    Names of Reporting Persons
       
     
    Michael F. Price(1)
     
    c/o MFP Investors LLC
     
    909 Third Avenue, 33rd Floor
     
    New York, NY 10022
       
       
    2.
    Check the Appropriate Box if a Member of a Group (See Instructions)
     
    ☐  (a)
     
    ☐  (b)
       
       
    3.
    SEC Use Only
       
       
    4.
    Citizenship or Place of Organization       United States of America
       
       
     
    5.
    Sole Voting Power
         
    Number of
       
    Shares
    6.
    Shared Voting Power       2,106,512
    Beneficially
       
    Owned by Each
       
    Reporting Person
    7.
    Sole Dispositive Power
    With:
       
         
     
    8.
    Shared Dispositive Power       2,106,512
       
       
    9.
    Aggregate Amount Beneficially Owned by Each Reporting Person       2,106,512
     
       
    10.
    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ☐
       
       
    11.
    Percent of Class Represented by Amount in Row (9)       8.3%(2)
       
       
    12.
    Type of Reporting Person (See Instructions)
     
    IN
       

    (1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.

    (2) Calculation based on 25,464,735 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.



    Page 4 of 7




    CUSIP No. 756764106

    Item 1.


    (a)
    Name of Issuer

    Red Lion Hotels Corporation


    (b)
    Address of Issuer's Principal Executive Offices

    1550 Market St. #350
    Denver, Colorado 80202
    USA

    Item 2.


    (a)
    Name of Person Filing

    MFP Partners, L.P.
    MFP Investors LLC
    Michael F. Price


    (b)
    Address of Principal Business Office or, if none, Residence

    909 Third Avenue, 33rd Floor
    New York, NY 10022


    (c)
    Citizenship

    MFP Partners, L.P. and MFP Investors LLC are each organized under the laws of the state of Delaware.  Michael F. Price is a citizen of the United States of America.


    (d)
    Title of Class of Securities

    Common Stock, par value $0.01 per share


    (e)
    CUSIP Number

    756764106

    Item 3.
    If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:

    Not applicable.

    Item 4.
    Ownership.

    MFP Partners, L.P. directly owns 2,106,512 shares of Common Stock, representing 8.3% of the total number of shares of Common Stock outstanding.  As the investment advisor to MFP Partners, L.P., MFP Investors LLC is deemed to have shared power to vote 2,106,512 shares of Common Stock, representing 8.3% of the total number of shares of Common Stock outstanding.  As Managing Member and controlling person of MFP Investors LLC, Michael F. Price is deemed to have shared power to vote 2,106,512 shares of Common Stock, representing 8.3% of the total number of shares of Common Stock outstanding.

    The ownership percentages set forth above are based on 25,464,735 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q filed by the issuer with the Securities and Exchange Commission.



    Page 5 of 7




    CUSIP No. 756764106

    Item 5.
    Ownership of Five Percent or Less of a Class

    Not applicable.

    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person

    MFP Investors LLC manages investments for MFP Partners, L.P. which beneficially owns more than 5% of the shares of Common Stock.

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

    Not applicable.

    Item 8.
    Identification and Classification of Members of the Group

    Not applicable.

    Item 9.
    Notice of Dissolution of Group

    Not applicable.

    Item 10.
    Certification

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a–11.

    SIGNATURE
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of March 8, 2021.

     
    MFP Partners, L.P.
       
     
    /s/ Michael F. Price
     
    Signature
         
     
    Name:   
    Michael F. Price
     
    Title:
    Managing Partner
         
         
     
    MFP Investors LLC
       
     
    /s/ Michael F. Price
     
    Signature
       
     
    Name:
    Michael F. Price
     
    Title:
    Managing Member
         
         
     
    MICHAEL F. PRICE
       
     
    /s/ Michael F. Price
     
    Signature
     
    Name:
    Michael F. Price


    Page 6 of 7




    CUSIP No. 756764106

    EXHIBITS

    Exhibit
       
    Number
     
    Title
         
    1
     
    Joint Filing Agreement dated March 8, 2021 among the Reporting Persons (filed herewith)


    Page 7 of 7
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