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Article: Red Roof Inn Acquisition Finalized.
- Article from:
- Business Wire
- Article date:
- September 10, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The economy lodging brand will evaluate options for new headquarters
COLUMBUS, Ohio -- 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 ...