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New Red Roof properties open in Virginia, New York

Jay Sahajanad owns the Virginia property, and Central NY Hospitality owns the New York hotel

New Red Roof properties open in Virginia, New York

Two Red Roof hotels recently opened: The dual-branded Red Roof Inn Richmond and HomeTowne Studios by Red Roof Richmond, Virginia, are now open, alongside the HomeTowne Studios & Conference Center Cortland in Cortland, New York.

The Richmond property is owned by Jay Sahajanad, LLC, led by Bhavesh Patel. The HomeTowne Studios in Cortland is owned by Central NY Hospitality LLC, with Haman Anand as its president and managing partner.


Virginia's dual-branded property

HomeTowne Studios Richmond offers 49 rooms for extended stays, while the adjacent Red Roof Inn Richmond provides 59 rooms and is pet-friendly. Both properties underwent renovations during their conversion to Red Roof properties.

The hotel is near Henrico Doctors' Hospital, Lewis Ginter Botanical Garden, Children's Museum of Richmond, Richmond Raceway, Virginia Credit Union LIVE!, American Civil War Museum at Historic Tredegar and Virginia Commonwealth University, with access to Richmond International Airport and Chesterfield County Airport.

The Cortland hotel 

Central NY Hospitality invested approximately $4.5 million in renovating the 99-room HomeTowne Studios & Conference Center Cortland, which now offers meeting facilities including two conference rooms that can fit more than 60 people each, and in the next three to four months they expect to open a banquet hall with approximately 250 person capacity, Anand said. They also plan to open a restaurant and bar on the property next year.

Other amenities include a business center, an indoor pool and a fitness facility.

Central NY Hospitality also owns the 50-room Red Roof Inn Cortland nearby. The HomeTowne Studios is near 1890 House, Guthrie Cortland Medical Center, CNY Living History Center, Cortland Country Music Park, SUNY – Cortland, Shipwreck Golf Amusement Park, and Cornell University. Nearby airports include Ithaca Tompkins Regional Airport, Greater Binghamton Airport, Syracuse Hancock International Airport, and Elmira - Corning Regional Airport.

In December, Red Roof opened the Roof Inn Hutchins in Hutchins, Texas. The 41-room hotel is owned and operated by Jay Patel, who was introduced to Red Roof by a friend and existing franchisee.

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Report: Rising Labor costs tighten US hotel industry margins
Photo credit: iStock

Report: Labor costs tighten U.S. hotel margins

Summary:

  • U.S. hotel margins tighten as demand slows and labor costs remain high, HotStats reported.
  • Unionized hotels carry 43 percent labor costs, versus 33.5 percent at non-union properties.
  • U.S. sees falling group demand and lower profit conversion since the second quarter.

THE U.S. HOTEL industry is showing signs of strain after a strong start to 2025, according to HotStats. Revenue growth is slowing, occupancy is falling and profit margins are tightening, particularly at unionized properties where labor constraints affect performance.

HotStats’ recent blog post revealed that TRevPAR has barely kept pace with labor costs in the first eight months of the year. While TRevPOR remains positive, gains are offset by declining occupancy, a sign that demand is cooling.

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