As it stands, the Red Roof Inn portfolio contains 335properties; however, nine of those properties will be rebranded asMotel 6 prior to the closing of the sale. The Red Roof portfolio isconcentrated mostly on the East Coast and Midwest of the US.

According to an Accor statement, the deal will be based on 11.2times EBITDAR, which totaled $118 million excluding the rebrandedMotel 6 properties. As a result of the deal, Accor will be able toreduce its adjusted net debt by $1.08 billion, of which $610million will be added to the group's cash reserves.

Global Special Situations Group is part of New York City-basedCitigroup Global Market Holdings, Inc. Westbridge is a partnershipbetween Westmont Hospitality Group and several Canadian pensionfund managers. Based in Paris, Accor operates in 100 countries andits hotel brands include Sofitel, Novotel, Mercure and Motel 6.Accor's financial advisor on the transaction was Bank ofAmerica.