Red Roof Inn Franchise News

Investment Partners Commit $90 Million for Renovations and Upgrades COLUMBUS, Ohio --(BUSINESS WIRE)-- Red Roof Inns, Inc. has recapitalized the ownership of its assets with support from experienced hospitality industry partners, positioning the company for strong profitable growth, robust development and expansion. This capitalization includes significant funding for renovations.

Affiliates of Five Mile Capital Partners and Westmont Hospitality Group, in a joint venture, have acquired the ownership of 143 Red Roof Inns, totaling nearly 17,000 rooms. The joint venture has committed over 70 million dollars for renovating and upgrading the portfolio with sleek and modern NextGen® design elements. Five Mile Capital has deep hospitality experience, having been involved in Extended Stay America, Innkeepers and CNL Resorts...

Beaumont, Texas Property is the First to Feature Red Roof's NextGen Exterior Design and Luxurious Interiors with a Boutique Hotel Feel as Well as Modern, State-of-the-Art Technology

COLUMBUS, Ohio--(BUSINESS WIRE)--Red Roof®, a leader in economy lodging, announces the opening of their first exterior and interior-build NextGen property in Beaumont, Texas, located at 2310 I-10 South on August 21. NextGen's modern, sleek exterior and luxuriously appointed and technologically advanced interiors signal a new era for Red Roof. The NextGen design also demonstrates the company's commitment to moving its brand image forward, developing continued and superior service and amenities for its guests and taking its business concept to an unparalleled level...

$50,000 In Fee Credits; No Royalties and Reduced Marketing and Reservation Fees (First 7 Years) Just a Few of the Components of Bundled Package Deal Columbus, Ohio--(BUSINESS WIRE)--Fresh and contemporary. Modern and luxurious. Launched in April, Red Roof's NextGen™ prototype signaled a brand new direction for one of the country's leading economy lodging brands. Now aggressively marketing to prospective franchise owners, the brand is offering an unprecedented bundle of incentives for investors who are ready to go to the next level in the economy segment. Those who invest in new-build, NextGen prototype construction will be guaranteed thousands of dollars that can be applied to their short and long-term costs. They include; $50,000 credit memo to offset royalty, marketing and reservation fees; 4% marketing and reservation fees; no royalty fees for 7 years from the signing of the agreement and a 2% cap for the remainder of the term...

May 16, 2008 // Franchising.com // SANTA FE, NM - Red Roof, the invariable preference of the economy traveler, has made its way to Santa Fe, New Mexico. Built according to the Smart-by-Design® interior and exterior guidelines of Red Roof's Redesigned, Rededicated renovation project, the Santa Fe property features a heated outdoor pool, micro-fridges in all rooms, complimentary coffee and USA Today newspapers in the lobby, voicemail, high speed wireless internet, and cable TV with over 60 channels (including HBO, HBO2 and HBO signature).

Conveniently located in the foothills of the Rockies, the Santa Fe location offers the perfect, affordable spot for a respite after exploring the Santa Fe National Forest or after spending the day skiing, fly-fishing, or taking a dip in a nearby hot spring...

High-end economy lodging brand gains new general counsel and head of franchise team

April 09, 2008 // Franchising.com // - Red Roof, an innovative leader in the economy lodging segment, announces the addition of two key members to their growing ranks. Red Roof has been providing a top-quality lodging experience to budget-conscious business and leisure travelers for 35 years.

As the company moves forward with its strategic national growth, Red Roof is pleased to announce the new responsibilities for long-time Red Roof veteran Robert Wallace and the addition of Andrew Alexander. Both individuals will hold senior positions and will join Chief Executive Officer Joe Wheeling on the brand's Executive Committee that will set the strategic direction for the company...

Franchise Inn Joins Red Roof Inn Family

February 22, 2008 // Franchising.com // PANAMA CITY, FL - Red Roof Inn, a leader in economy lodging, announces the opening of a new Red Roof Inn property in Panama City, Florida, 32405. The property is located 45 miles south of I-10 on US Highway 231.

Newly constructed, this 73-room property features interior entrances, eighteen studio rooms, an outdoor pool and all rooms with microfridge units. Additional amenities include complimentary coffee and USA Today in the lobby, continental breakfast, fitness room, voicemail, high speed wireless internet, and cable TV with more than 60 channels, including HBO.

This latest addition to the Red Roof Inn family is situated in the heart of Panama City, where vacation and travel opportunities abound...

Newly-Converted Franchise Joins Red Roof Inn Family

September 12, 2007 // Franchising.com // Columbus, Ohio – Red Roof Inn, an innovative leader in the economy lodging segment, announced the opening of a new Red Roof Inn property in Gatlinburg, Tennessee. The property is located at 309 Ownby Street in the Great Smoky Mountains of Tennessee off I-40 at US-441, Exit #407. The franchised property is owned and operated by Ram Ratan Corporation and Kenny Patel has been named the new General Manager overseeing the property.

The Red Roof Inn features 53 rooms with the award winning bedding package, including Deluxe Kings with fireplaces, Jacuzzi tubs, private balconies and a pool. The continental breakfast and free coffee in the morning will be like waking up at home...

The economy lodging brand will evaluate options for new headquarters

September 10, 2007 // Franchising.com // COLUMBUS, OH —Red Roof Inn, an innovative leader in the economy lodging segment, announced today that its acquisition by Citi's Global Special Situations Group and Westbridge Hospitality Fund, L.P. is complete. Now that the sale is finalized, Red Roof Inn will begin to evaluate potential locations for its new headquarters.

The company plans to assess sites that meet its current needs, as well as allow for future expansion. Red Roof Inn hopes to eventually add up to 100 additional corporate employees at its new headquarters.

"We are moving forward with growth plans to develop Red Roof Inn into a national chain and will be developing and staffing a corporate office to meet our growth initiatives," said Joe Wheeling, CEO, Red Roof Inn...