Tuesday, June 29, 2010

Three Red Roof Inns hit with foreclosure

Three Phoenix area Red Roof Inns have been noticed for trustee sales that are scheduled for Sept. 2. All were involved in a massive $1.3 billion transaction in 2007 when international hotel brand Accor sold the Red Roof group to investors in Citi’s Global Special Situations Group and Westbridge Hospitality Fund.

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