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Archive for the ‘West Springfield’ Category

Riverdale Street hotel changes ownership

Monday, May 16th, 2011
Red Roof Inn West Springfield

The Red Roof Inn West Springfield has changed hands as result of a bigger transaction involving the sale of the mortgage of 48 Red Roof Inns, according to a spokeswoman for the company.

Caroline Davis, an account executive with public relations firm Hill and Knowlton in New York City, said recently that Dune Capital Management LP has partnered with Westmont Hospitality to purchase Red Roof Inn West Springfield's mortgage from Citibank. The local transaction is part of Dune taking title to 48 Red Roof Inns.

Davis said all those properties will remain Red Roof franchises under Red Roof's management, but declined to say if the transaction will mean any changes for the Red Roof Inn in the city. Davis said the company continues discussions regarding remaining two loans and that she is not authorized to say any more than that.

Locally, R-Roof V LLC of Houston, Texas, sold the motel at 1254 Riverdale St. … Read the rest

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