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From Wikipedia, the free encyclopedia

Red Roof Inns Inc.
IndustryHospitality
Hotel
Founded1973; 46 years ago (1973)
FounderJim Trueman
Headquarters7815 Walton Parkway, ,
Number of locations
Over 500
Key people
Andrew Alexander, President
OwnerWestbridge Hospitality Fund
Citigroup
Number of employees
4,500+
ParentAccorHotels
(1999–2007)
Citi Global Situations Group (2007–present)
Websitewww.redroof.com

Red Roof Inn is an economy hotel chain in the United States. Red Roof Inn properties are distinguished by the large dark-red shingle roof that gives them their name. Red Roof has over 500 properties in the United States, primarily in the Midwest, Southern, and Eastern United States. Red Roof Inn is a pet-friendly hotel chain.[1]

History

Former logo
Former logo
An older Red Roof Inn in Manassas, Virginia
An older Red Roof Inn in Manassas, Virginia

The earliest iteration of the Red Roof Inn was founded in Columbus, Ohio, in 1973. Its founder was American businessman and automobile racing team owner Jim Trueman. [2] Trueman died in 1986, but the company remained in the hands of the Trueman family for a brief period of time after his death.

In 1994, The Morgan Stanley Real Estate Fund purchased Red Roof from the Trueman family. Three years later, in 1997, they began to franchise the company with their first franchised location in Branson, Missouri. In 1999, the company was purchased from the Morgan Stanley Real Estate Fund by French hospitality management company Accor. At the time of the purchase, the Red Roof Inn had 324 locations and 37,208 rooms. [3] Accor, which owned various hotel brands including Motel 6, purchased the Red Roof Inn for $1.115 billion. As a result of the purchase, Accor became the third largest chain in guestrooms worldwide at the time. [4]


In April 2007, Accor announced the sale of Red Roof Inns to Citigroup Global Special Situations Group and Westbridge Hospitality Fund LP for $1.3 billion.[5] As part of the sale, some locations were to become part of Accor's then flagship North American brand, Motel 6, and Accor planned to focus their efforts in the North American accommodation market exclusively on that brand the after the sale was complete.[6]

Red Roof Inn, Ann Arbor, Michigan
Red Roof Inn, Ann Arbor, Michigan

Brands

Red Roof Inn
Although the company offers several different brands, a majority of their locations are simply branded Red Roof Inn.

Red Roof Plus+
Red Roof launched its brand extension, Red Roof Plus in early 2014. Red Roof Plus includes a new room type, enhanced LED lighting, and outside signage. Although the Red Roof Plus+ brands may be more expensive than a traditional Red Roof Inn, they offer amenities like additional outlets, improved bedding, and an improved wood-like vinyl floor, rather than carpet.[7]

The Red Collection
In 2018, Red Roof announced the launch of their first soft brand, The Red Collection, a chain of midscale hotels. The first two hotels within The Red Collection are The St. Clair Hotel in Chicago, IL, and State House Inn in Springfield, IL. [8]

Hometowne Studios
In 2018, Red Roof Inn launched Hometowne Studios, which is a brand with a focus on accommodating longer-term guests. [9]

See also

References

  1. ^ "Pet Friendly Hotel & Motel Rooms, Pet Policy, Safety & Tips". Red Roof Inn website. Accessed November 7, 2007.
  2. ^ [1]
  3. ^ Accor 1999 half year results presentation
  4. ^ Whitford, Marty (August 9, 1999). "Red Roof purchase to propel Accor to No. 3 in guestrooms worldwide". Hotel & Motel Management. Accessed May 27, 2014.
  5. ^ Stoessel, Eric (April 13, 2010). "Foreclosures Reveal Red Roof Inn Distress". Lodging Hospitality. Accessed May 27, 2014.
  6. ^ Reuters (April 23, 2007). "UPDATE 1-Accor sells Red Roof Inn unit for $1.32 bln". Reuters. Retrieved August 6, 2017.
  7. ^ [2]
  8. ^ "Red Roof Launches Extended Stay, HomeTowne Studios". redroof.com. 2018-08-15.
  9. ^ "Red Roof Launches Extended Stay, HomeTowne Studios". www.redroof.com. Retrieved 2019-01-11.

External links

This page was last edited on 13 January 2019, at 07:00
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