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Red Roof Reports 80% of Its Hotels Are Conversions Amid Challenges in New Hotel Construction at LendingCon 2026

🏨 During LendingCon 2026, Glenn Haussman discussed with Lina Patel of Red Roof why about 80% of their hotels are conversions. Red Roof focuses on offering existing property owners new plans, which aligns with the difficulty of justifying new hotel construction. This trend reflects a broader industry shift towards converting existing structures rather than building new ones, a strategy that seems to appeal to property owners amid evolving market conditions.

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