COLUMBUS, Ohio, May 20, 1998 - Red Roof Inns, Inc. (NYSE: RRI)) announced the sale today of its Atlanta Airport Red Roof Inn to a franchisee, the Diplomat Hotel Corporation. The Inn is located in a prime location on the north side of the Atlanta Airport at the intersection of I-85 and Virginia Avenue. The newly constructed Inn has interior corridors, enhanced business king rooms with large corner desks, 25-inch televisions and data ports for computer hook-ups. The Inn also features an outdoor swimming pool and 194 guest rooms. Diplomat also operates a Red Roof Inns & Suites in Suwanee, Ga.
``Diplomat Hotel Corporation exemplifies the standards for quality and consistency that are the foundation of Red Roof Inns success,'' said Francis W. ``Butch'' Cash, chairman of the board, president and chief executive officer of Red Roof Inns. ``We are committed to assisting Diplomat in their ownership and expansion of the Red Roof Inn brand and value them as a superb business partner.''
R. C. Patel, Chief Executive Officer and Chairman of the Board of Diplomat Hotel Corp. commented, ``This Atlanta property is an excellent choice for Diplomat Hotels and solidifies our partnership with Red Roof Inns.''
Mike Patel, President of Diplomat Hotel Corp. further commented, ``We have an excellent win-win relationship with the Red Roof Inns team. We look forward to continued successful franchising together in the future.''
Diplomat Hotel Corp., based in Atlanta, Ga., owns or manages 14 hotels with approximately 2,000 rooms and is recognized as one of the strongest mid- priced hotel operators in the southeastern United States.
Red Roof Inns, Inc. is one of the leading economy lodging chains
in the U.S. With more than 265 properties and over 30,000 rooms in 36 states
and the District of Columbia, Red Roof Inns offers business and leisure
travelers exceptional value in price, quality and convenience. With one
of the highest system-wide occupancy rates in the industry, Red Roof Inns
is expanding its operations through franchising, strategic partnerships
and developing company-owned inns in unique, high-visibility areas.