Red Lion Templin's Hotel on the River, in Post Falls, has been acquired by Hayden-based StanCraft Cos. in partnership with an investor group, according to a press release issued by StanCraft.

StanCraft plans to update amenities, landscaping, lighting, and guest rooms at the 167-room hotel and the accompanying marina this summer, the release states.

"We are excited to bring StanCraft back to Post Falls and provide a top-notch, enhanced hotel and marina experience to our community," says StanCraft CEO Robb Bloem in the release. 

StanCraft Marine Construction, a division of StanCraft, has begun upgrading and repairing some structures at the marina. Additionally, the marina will undergo phased updates to the fuel system to add premium fuel for the first time, and will be open to the public for day use. 

A food and beverage stand at the marina also will be updated.

The hotel acquisition officially closed Friday, May 17, says Harry Sladich, former chief operating officer for Red Lion Hotels Corp. He says his role is to provide consulting and oversight of the hotel for the new owners and he will help the new ownership group revamp the hotel's management team.

A new general manager and director of sales likely will be hired in coming weeks.

The hotel will continue operating under its current name and will remain a Red Lion franchise, Sladich says.

Representatives of StanCraft couldn't be reached immediately for further comment.

"We are delighted to play a role in transforming this storied property and offering an upgraded premium hotel experience in Post falls," Sladich says in the release. "We look forward to building on the legacy it has established here for nearly 40 years."

As previously reported in the Journal, the late North Idaho businessman Bob Templin built Red Lion Templin’s Hotel on the River in 1986.

The decision to build the hotel in Post Falls was prompted three years earlier, when Templin lost control of a lakefront hotel in Coeur d’Alene that later became part of the Coeur d’Alene Resort in a hostile takeover led by another prominent North Idaho businessman, Duane Hagadone.

StanCraft, which was founded as a wooden boat maker in Lakeside, Montana, in 1933, was based in Post Falls at one point in the company’s history, before moving its headquarters to Hayden in 2016.