Red Roof Inn Coupons Updated For :
About Red Roof Inn:
Red Roof Inn is an American and International hotel chain that currently operates in more than 580 properties throughout the US, Japan, and Brazil. They’re also expanding into the Canadian lodging market.
In 1973, Jim Trueman, an American businessman and owner of a race car team, founded the Red Roof Inn. However, after his death in 1986, the company was passed down to his family, and it stayed in their hands until 1994 when they sold it to The Morgan Stanely Real Estate Fund. In 1997, the new owners started to franchise the chain, and their first franchise location arose in Branson, Missouri.
But, in 1999, the company, once again, experienced a shift in ownership, and Accor, a French hospitality company, purchased the chain for $1.15 billion. At the time of acquisition, the brand possessed 324 locations.
Red Roof Inn would experience one more change in ownership when the Citigroup Global Special Situations Group purchased the chain for $1.3 billion. Since its new management, the hotel chain has transformed from a single enterprise into a company that currently promotes 4 different brands, which include:
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