Red Roof Inn, a lower-price hotel chain with 430 locations, recently introduced its first Red Roof Plus& "upscale economy" property in Houston. It is the third one in Texas. Andrew Alexander, the ...

Nearly two years after a group of investors ran into trouble on its 2007 purchase of Red Roof Inn chain, opportunistic investors are scooping up the no-frills hotels at big discounts.

Red Roof Inn Inc., a hotel chain popular with business travelers on a budget, defaulted on $367 million face amount of mortgage debt, the latest hotel casualty in an industry that has been hard ...