The Red Lion Hotel Sacramento at Arden Village, a 270-room hotel in Sacramento, sold for $9 million or $33,333 per room. Red Lion Hotels Corp. (NYSE: RLH) traded the hospitality property to Kumar Sharma’s Jai Shri Ram Hospitality Group of Sacramento LLC, the franchisee which previously leased the structure. As part of the deal, the buyer's franchise agreement at this Red Lion will end and a new franchise will be added in the market.