Hotels, Restaurants and Leisure
Company Overview of Red Roof Inns Inc.
Red Roof Inns Inc. operates and franchises inns. It offers room and suites for 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
Springfield, OH 45504
Founded in 1973
Key Executives for Red Roof Inns Inc.
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 2015.
Red Roof Inns Inc. Key Developments
Five Mile Capital Partners Reportedly Sold Interest In Red Roof Inns
Jun 3 15
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
Apr 20 15
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.
Red Roof Inns, Inc. Opens 400th Hotel at Council Bluffs, Iowa
Feb 4 15
Red Roof Inn has opened its 400th hotel located in Council Bluffs, Iowa. Additionally the brand recently announced its plan to expand internationally into the Brazilian market. The franchise owned Council Bluffs property has 100 guest rooms, an indoor pool and hot tub, free WiFi, free hot breakfast and flat-screen TVs. The Inn is also undergoing a NextGen® renovation with the goal of turning it into a Red Roof Plus+® property within a few years. The franchise owned property is centered in the Manawa Power Center Business Park, near many shopping and food service amenities. The property is minutes from Horseshoe Casino, Ameristar Casino, Henry Doorly Zoo, Ameritrade Park, Mid-America Center and is conveniently located off two interstates: I-29 and I-80 at exit 3. The property is currently taking reservations.
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