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Red Roof adds four new properties to portfolio

Red Roof expands portfolio adding four new properties across the country

Red Roof adds four new properties to portfolio

Red Roof has recently expanded its portfolio with four new properties across the country. These additions include Red Roof Inn & Suites in Thomasville, GA; Red Roof Inn Kimball, TN – I-24; Red Roof Inn & Suites Duncan, SC; and Red Roof Inn in Greencastle South - Cloverdale, IN.

Red Roof Inn & Suites Thomasville, GA is an 80-room hotel offering free parking, WiFi, continental breakfast, lobby coffee, and a seasonal pool. It is located near Thomasville Rose Garden, Cherokee Lake Park, Thomas University, and provides access to Florida State University, Wild Adventures, and Tallahassee International Airport.


Red Roof Inn Kimball, TN – I-24 is a 42-room hotel providing free parking, in-room WiFi, expanded cable, and lobby coffee. This hotel is located near the Haunted Old South Pittsburg Hospital Paranormal Research Center, Adventure Offroad Park, Nickajack Lake, 6 Fears Hell's Bar Dam Haunt, and Historic Hales Bar Dam Powerhouse.

Red Roof Inn & Suites Duncan, SC offers 77 rooms with WiFi, a free expanded cable package, and complimentary lobby coffee. The property is near Bon Secours Wellness Arena, Hatcher Garden and Woodland Preserve, and University of South Carolina Upstate. The hotel has access to airports, including Charlotte Douglas International Airport.

Red Roof Inn Greencastle South - Cloverdale, IN is a 40-room hotel offering free lobby coffee, in-room WiFi, a business center, and a coin laundry. It is close to Lieber State Recreation Area, Cataract Falls State Recreation Area, and Depauw University. Indianapolis International Airport is conveniently nearby.

Celebrating its 50th year, Red Roof boasts over 680 properties across the U.S., Brazil, and Japan, offering more than 60,000 rooms in total.

In a recent edition of Asian Hospitality's Leadership Series, Matthew Hostetler, the chief development officer at Red Roof, discussed his experience of operating outside his comfort zone for nearly 18 years, while always wearing a smile on his face."

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Peachtree Group funds Vastland’s VOCE hotel with $130M loan
Photo credit: Vastland Co.

Peachtree finances Vastland’s VOCE Hotel for $130M

Summary:

  • Peachtree Group financed Vastland’s VOCE Hotel in Nashville for$130M.
  • The 25-story development will feature 192 residences and 114 hotel suites.
  • Construction will start Dec. 8, with completion expected in fall 2027.

PEACHTREE GROUP PROVIDED a $130 million construction loan to Vastland Co. for its first VOCE Hotel & Residence in Nashville, Tennessee. Construction will begin on Dec. 8, with completion expected in fall 2027.

The 25-story mixed-use development will include 192 residences, 114 hotel suites, 60,000 square feet of office space, and more than 40,000 square feet of dining and wellness amenities, according to NashvillePost.

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