Red Roof
#66 Franchise 500| Economy hotels

Red Roof
Economy hotels
|

About
Founded

1972

Franchising Since

1996 (24 Years)

Corporate Address

7815 Walton Pkwy.
Columbus, OH 43054

CEO

Andrew Alexander

Parent Company

Red Roof Inns Inc.

Financial Requirements
Initial Investment ⓘ

$160,500 - $5,444,200

Ongoing Fees
Initial Franchise Fee ⓘ

$30,000 - $30,000

Ongoing Royalty Fee

4.5%

Ad Royalty Fee

4%

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

9 hours

Classroom Training:

84.5 hours

Additional Training:

Regional workshops

Absentee Ownership Allowed
Number of Employees Required to Run:

10

Red Roof is ranked #66 in the Franchise 500!
Bio
James Trueman, a builder and contractor, opened the first Red Roof Inn in Columbus, Ohio, in 1972. The company's original slogan, "Sleep Cheap," was reflective of its initial nightly room rates of $8.50. Today the economy hotel chain, which began franchising in 1996, has locations throughout the country, but primarily in the Midwest, Southern, and Eastern U.S. The brand underwent a nationwide $200 million renovation in 2012, and also introduced Red Roof Plus+, a brand extension that includes upgraded amenities and services.
Cost
Initial Investment: Low - $160,500 High - $5,444,200
Units
+5.2%+29 UNITS (1 Year) +22.8%+108 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: December 19th, 2019
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