August 24, 2016 7:45 PM ET

Hotels, Restaurants and Leisure

Company Overview of Red Roof Inns Inc.

Company Overview

Red Roof Inns Inc. operates and franchises a chain of hotels in the United States and District of Columbia. The company’s amenities include guest rooms and suites, continental breakfast, outdoor heated pool, onsite restaurant, and conference and meeting facilities. It serves business and leisure travelers. Red Roof Inns, Inc. was formerly known as RRI Acquisition Corp. The company was founded in 1973 and is based in Springfield, Ohio. Red Roof Inns Inc. operates as a subsidiary of WRRH Investments Lp.

2071 North Bechtle Avenue

Box 226

Springfield, OH 45504

United States

Founded in 1973

5,800 Employees

Phone:

614-744-2600

Fax:

614-771-7838

Key Executives for Red Roof Inns Inc.

President
Age: 52
Chief Financial Officer
Age: 56
Chief Information Officer and Senior Vice President
Senior Vice President of Distribution Services
Senior Vice President of Franchise Sales and Development
Compensation as of Fiscal Year 2016.

Red Roof Inns Inc. Key Developments

Red Roof Inn to Open New Hotels in Thailand

Red Roof Inn knew a partnership with Paragon Hotels Limited. Paragon Hotels will break ground for the first property in 2016 and plans to open a series of new-build hotels across Thailand, between 2017-2020, in all major tourist locations. Paragon Hotels said their strategy for Red Roof will be to roll out a series of new-build hotels, deploying Red Roofs’ NextGen concept to ensure that exterior and interior features are immediately recognizable and distinguishable from other hotels in the country. This first set of hotels will have standard Red Roof signage, roofing and room topography.

Five Mile Capital Partners Reportedly Sold Interest In Red Roof Inns

Five Mile Capital Partners sold its majority interest in Red Roof Inns Inc. to a Singapore-based investor, the trade publication Commercial Mortgage Alert reported. "Westmont, understanding the value of the assets and the Red Roof brand, was determined in its desire to maintain their investment in these assets," Red Roof President Andrew Alexander said in a press release, "and we are looking forward to continued growth under their umbrella." Details of the transaction, including the identity of the new investor, were not disclosed. Alexander declined to comment.

Red Roof Inn Enters Canadian Market

Red Roof is expanding its reach, signing a twenty-year deal with developer Glenn Squires to build and brand forty hotels across Canada, with the support of Pacrim Hospitality Services Inc. The first four hotels will be up and running by 2016. These will be new builds, not conversions, with most built as Red Roof PLUS+® properties, Red Roof’s enhanced and upgraded offering. The first 4 hotels will be slated to the Eastern and Atlantic regions opening in Grand Falls and Bay Roberts in Newfoundland & Labrador and Wolfville and Antigonish in Nova Scotia. The new Canadian properties will not only boast PLUS+® upgrades and amenities but many will also have indoor pools and restaurants adjacent to their properties; both a major attraction for the leisure market.

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