CLOs on the Move

Motel 6 is a major chain of budget motels with more than 1,000 locations in the United States and Canada. Motel 6 also operates Studio 6, a chain of extended stay hotels. In October 2012 the sale of the Motel 6 chain by Accor Hotels to The Blackstone Group for $1.9 billion was concluded.The first Motel 6 opened in Santa Barbara, CA, in June 1962 and has been in continuous operation ever since. Fifty years later, Motel 6 has become synonymous with the economy lodging segment and is currently the largest owner/operator in the U.S. economy segment with more than ...

Motel 6 is a major chain of budget motels with more than 1,000 locations in the United States and Canada. Motel 6 also operates Studio 6, a chain of extended stay hotels. In October 2012 the sale of the Motel 6 chain by Accor Hotels to The Blackstone Group for $1.9 billion was concluded.The first Motel 6 opened in Santa Barbara, CA, in June 1962 and has been in continuous operation ever since. Fifty years later, Motel 6 has become synonymous with the economy lodging segment and is currently the largest owner/operator in the U.S. economy segment with more than 1,100 motels operating in 49 states and five Canadian provinces. The brand`s assets are strategically located throughout the country — close to airports, freeways and other thoroughfares. Motel 6 is supported by an experienced management team and a best-in-class operating platform, each committed to protect the brand`s core business strategy — providing a clean, comfortable room and great service, always at the lowest price of any national chain. The consistent, unwavering commitment to this brand positioning has successfully established Motel 6 as an iconic American brand. G6 Hospitality owns, operates and franchises the iconic Motel 6 brand (www.motel6.com) as well as it`s sister brand; Studio 6 Extended Stay (www.staystudio6.com). Headquartered in Dallas (Carrollton), Texas, G6 Hospitality employs more than 10,000 team members across the U.S. and Canada. Learn more at www.g6hospitality.com.

More>>

<<Less