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A chain of motels in the United States that operates 15 locations in 6 states. Motel 6: A major chain of budget motels with more than 1,000 locations [22] in the United States and Canada. Motel 6 also operates Studio 6, a chain of extended stay hotels. Pictured is the first Motel 6 in Santa Barbara, California, which remains in business.
Motel 6 is an American chain of motels with locations in the United States and Canada. The chain was founded in Santa Barbara, California, in 1962 by William W. Becker and Paul Greene, and derives its name from the fact that rooms initially cost only six dollars. Motel 6 also operates Studio 6, a chain of extended-stay hotels.
The chain's mascot in the early days was "Sandy", a girl in a short Scotch skirt and tam. The first hotel, still operating at 865 North Military Highway in Norfolk, was built for $275,000. Its daily rate for rooms was $7 single, $9 double, and $11 for four. Tarbutton sold the chain, which had 306 locations, in 1983 for $836 million.
TPG, the world’s sixth largest private-equity firm, has purchased homes in Florida to rent out nightly. Airbnb guests are unwittingly renting homes in Florida from an unusual host: One of the ...
Extended Stay America acquired the extended-stay hotel chain StudioPLUS on April 11, 1997. [5] The company also developed the Crossland Economy Studios brand as a budget extended-stay hotel brand. [6] The 47 unit Crossland brand was sold to Westmont Hospitality Group for $285 Million in December, 2015. [7]
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company ...