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  3. Red Lion sells Kalispell Center Mall for $11.6 million, still runs Kalispell hotel

Red Lion sells Kalispell Center Mall for $11.6 million, still runs Kalispell hotel

Red Lion Hotels, of Spokane, has sold its last non-hotel property, the Kalispell Center Mall in Kalispell, Mont.

The company said WSPGB Mall, LLC bought the mall for $11.6 million. WSPGB is an affiliate of Woodbury Strategic Partners, of Salt Lake City, and Spokane-based Goodale & Barbieri Co., which manages the mall.

Red Lion signed a long-term lease to operate the Red Lion Hotel Kalispell that’s attached to the mall, the hospitality company said in a news release.

Kalispell “has been, and will continue to be, important to Red Lion for many years,” president and CEO Jon Eliassen said in the release.

The mall and hotel were built in 1986.

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.