Red Lion Hotels Corporation has signed a franchise license agreement for a hotel in Grants, N.M., the third in the past month. The property, owned by Positive Investments, is located on the historic Route 66, about 80 miles west of Albuquerque. The 126-room, limited-service hotel has begun the conversion process and is expected to open as Red Lion Hotel this fall, along with the two previously announced New Mexico properties For more information, call 800-325-4000 or visit www.redlion.com.