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The occupancy rate by then was about 85 percent, well above the industry average, and as a result of their success, Motel 6 became an attractive acquisition target. Becker and Greene sold the chain to an investment group in 1968. In the early 1970s, Motel 6 opened its largest location, Motel 6 Tropicana, in Las Vegas, Nevada.
Rate: $52 per night. Bogota, Colombia might not be the first place you’d look for a cheap 5-star hotel, but the NH Collection Bogota WTC Royal proves otherwise with rooms from $52! It’s ...
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Best Available Rate (BAR), also known as Best Rate Guaranteed (BRG), is a pricing mechanism used by hotels and hotel chains. It was introduced as a result of the hotel industry mimicking the airline industry, which sets price by forecasting demand. There are several interpretations and executions of BAR in the hotel industry.
Typical Holiday Inn Express hotels are built from corporate architectural prototypes, and tend to consist of 60–80 rooms, with a mix of suites and standard rooms in North American properties. Because the chain has been undergoing tremendous growth, the majority of Holiday Inn Express hotels are brand new or newly renovated. [13] [14] [15]
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