Red Roof Inn Announces Return to Columbus

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Red Roof Inn Announces Return to Columbus Powered By Docstoc
Jennifer Jordan
Elmore Public Relations

                  Red Roof Inn Acquisition Finalized
      The economy lodging brand will evaluate options for new headquarters

COLUMBUS, OH —(September 10, 2007)—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 develop Red Roof Inn into a national chain and will
be developing and staffing a corporate office to meet our growth initiatives,” said Joe Wheeling,
CEO, Red Roof Inn. “We are in the process of examining our options to find a location that best
fits our needs and expansion efforts.”

The first Red Roof Inn opened in 1972 in Columbus, Ohio, where the headquarters were located
before Accor North America acquired the brand in 1999. Under Accor’s management, Red Roof
Inn moved its base of operations to Accor North America’s headquarters in Carrollton, Texas.
In April 2007, Accor announced that it had entered into an agreement to sell Red Roof Inn to
Citi’s Global Special Situations Group and Westbridge Hospitality Fund II, L.P. for $1.313 billion.

Red Roof Inn is considered a leader in economy lodging because of its dedication to guest
satisfaction. In 2004, Red Roof Inn implemented a nationwide renovation plan as part of its
ongoing goal to redefine economy lodging. The redesign features smart design principles and
smart amenities that are simple and economic, but also provide guests with what they need
without sacrificing quality. Highlights of the renovation include a freshly-ground Arabica coffee
service, enhanced bedding with pillow-top mattresses and broader in-room television
entertainment. In 2006, Red Roof Inn received high marks in the J.D. Power and Associates’
2006 North America Hotel Guest Satisfaction Index Study. The brand earned the highest score
out of the 15 largest hotel brands in “Comfort of Bed” in the Economy/Budget segment and
ranked second in overall guest satisfaction in the Economy/Budget segment.

Red Roof Inn will continue to focus on creating the highest quality guest experience for the best
price. The brand currently has more than 325 properties and will work to strategically grow from
a regional brand to a national brand.
For more information on the acquisition of Red Roof Inn, please contact Andrew C. Alexander,
Senior Vice President and General Counsel at (614) 744-2614. For information regarding
employment opportunities with Red Roof Inn, please visit


About Red Roof Inn
Red Roof Inn has more than 325 locations nationwide. Smart by Design® amenities include free local phone calls,
complimentary gourmet coffee and USA Today in the lobby, rooms equipped with clock radios, voicemail, and an
enhanced in-room entertainment package with video games and more than 14 channels, including HBO, HBO2 and
HBO Signature. Red Roof Inn provides pet friendly accommodations, snack centers and photocopy and facsimile
services. Most Red Roof Inn locations are equipped with T-Mobile HotSpot wi-fi service in guestrooms and lobbies.
RediCard® Preferred Members enjoy faster reservations via a dedicated toll-free number, express check-in,
complimentary room delivery of USA Today, priority room requests and free faxes, along with a generous awards
program for free room nights, Delta SkyMiles, or a free T-Mobile day pass. For more information or reservations call
1-800-RED-ROOF (800-733-7663) or visit

About Citi’s Global Special Situations Group
The Global Special Situations Group of Citigroup Global Markets Holdings Inc. is a principal investment group that
invests Citi’s capital in event-driven and special situation strategies globally.

About Westbridge Hospitality Fund II, L.P.
Westbridge is a partnership between Westmont Hospitality Group and a number of Canadian pension fund
managers, including Cadim Inc., a division of Caisse de dépôt et placement du Québec, and Régime de rentes du
Mouvement Desjardins. Westmont is one of the largest private owner/operator of hotels in the world.

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