PRESS RELEASE

                     RED ROOF INNS, INC. TO BE ACQUIRED BY
                                   ACCOR S.A.

                        ACCOR EXPANDS ITS WORLDWIDE
                 LEADERSHIP IN THE ECONOMY LODGING SEGMENT
                    AND ITS PRESENCE IN THE U.S. MARKET


 Paris, France and Columbus, Ohio, USA
 12 July 1999

 Accor S.A. and Red Roof Inns, Inc. today jointly announced that Accor plans
 to launch a tender offer to acquire all outstanding shares of economy
 lodging company Red Roof Inns, Inc. at a price of $22.75 per share.  The
 total value of the transaction, including assumption of debt, is slightly
 more than $1.1 billion.

 Accor has received a commitment from the Morgan Stanley Real Estate Fund
 L.P. and certain of its co-investors, the majority shareholders of the
 Company, to tender their combined 68.3% stake at the offer price.  The
 offer price of $22.75 represents a premium of 27.5% over the 30-day average
 trading price of $17.85 per share.  Red Roof's revenues for 1998 amounted
 to $375.3 million, and EBITDA was $146.5 million.  The transaction value
 represents a multiple of approximately 7.6 times 1998 EBITDA.  The
 acquisition is expected to be immediately accretive to Accor.

 With a network of 322 hotels (37,005 rooms, of which 29,907 are owned and
 the remainder franchised) primarily located in the Midwest, the East and in
 the South, Red Roof Inns enjoys high customer awareness and an outstanding
 brand image in the economy lodging market.

 Motel 6 and Red Roof Inns complement each other particularly well, as is
 the case for the Formule 1 and Etap Hotel chains in Europe.  The two brands
 complement each other in terms of geography (West and East), product mix
 (Budget and Economy) and clientele (leisure and business).

 To supplement the renewed image and performance of Motel 6 in recent years,
 Accor plans to rapidly optimize the operations of Motel 6 and Red Roof Inns
 through realization of synergies and acceleration of the development and
 franchising program.  Motel 6 and Red Roof Inns will both become part of a
 newly formed group, Accor Economy Lodging.

 Jean-Marc Espalioux, Chairman of the Management Board and CEO of Accor
 stated, "The acquisition of Red Roof fits with one of the key elements of
 Accor's global strategy, the strengthening of Accor's worldwide leadership
 in the economy hotel sector.  The economy sector is promising in both
 developed and emerging nations, is highly profitable, and is less sensitive
 to economic cycles than other hotel sectors.  With its unparalleled
 expertise, Accor will now operate 2,098 economy sector properties worldwide
 with 207,686 rooms under the brands Formule 1, Etap Hotel, Ibis, Motel 6,
 Studio 6 and Red Roof Inns, and reinforce its leading position on all
 continents."

 "This is a great opportunity for Red Roof Inns and offers our shareholders
 the value that is representative of our company's strengths - - our people,
 our service, and our brand," said Francis W. "Butch" Cash, Chairman of the
 Board, President and Chief Executive Officer of Red Roof Inns.  "The
 synergy created by joining the Accor family will allow Red Roof Inns to
 expand our strong brand positioning within a global marketplace."

 Through Motel 6, Accor is already a leader in the U.S. budget and economy
 lodging sector.  With the addition of the Red Roof Inns portfolio to the

 790 Motel 6 properties (85,375 rooms), Accor will operate more than 120,00
 rooms in this sector in the United States.

 In the United States, the world's largest hotel market, Accor also operates
 through its upscale Novotel chain and growing luxury Sofitel chain, in
 business travel through its 50% interest in Carlson Wagonlit Travel and in
 corporate services through Child Care.

 With the Red Roof acquisition, the portion of revenues generated in the
 United States will increase from 17% to 22%.

 Accor, a worldwide leader in travel, tourism and business services, is active
 in 140 countries with 130,000 associates, through its four major complementary
 activities:  hotels (3,084 hotels, 340,782 rooms after addition of Red
 Roof); travel agencies through Carlson Wagonlit Travel; car rental with
 Europcar and corporate services with Accor Corporate Services.

 The financial advisor for Accor was J.P. Morgan & Co. and for Red Roof Inns
 was Morgan Stanley Dean Witter.  The legal advisor for Accor was Proskauer
 Rose LLP and for Red Roof Inns was Skadden, Arps, Slate, Meagher and Flom
 LLP.


                                Accor Contacts

 Jacques Charbit                              Marie-Claire Camus
 Tel:  33 1 45 38 87 53                       Tel:  33 1 45 38 84 85

                            Red Roof Inns Contacts

 Gail B. Whitcomb                             Lisa K. Klinger
 Media Inquiries                              Analyst Inquiries
 614-876-3276                                 614-876-3227