Motel 6 is a privately-held, private equity backed, discount hotel operator in the United States. The company was previously owned by French publicly held hotel operator Accor and is now owned by The Blackstone Group. It was founded in 1962 and headquartered in Carrollton, Texas.
Overview & Corporate Organization
PrivCo Industries (Sector > Industry > Sub-Industry)
|Hospitality & Leisure > Lodging > Hotels & Motels|
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Mergers & Acquisitions
|Details||Jul. 1990||Completed||Motel 6|
|1||Multiples for Motel 6 and...Read More →|
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Detailed Business Description: Motel 6
Motel 6 Business Overview
Famous for its "We'll leave the light on for you" tagline, Motel 6 operates as the largest economy motel chain in North America. Motel 6 is a subsidiary of the Blackstone Group and as of 2012, has over 1,100 locations with more than 105,000 rooms throughout the United States and Canada. Its extended-stay Studio 6 brand - launched in 1999 - utilizes the company's traditional budget motel concept but offers travelers lodging options at weekly rates. Created by two former building contractors in 1962, Motel 6 stands as one of the most recognizable brands in the United States.
Motel 6 Revenue Model
Motel 6 is unique in its business model in that it owns and operates a large percentage of its properties (As of 2012, 600 of its 1,100 locations are company owned or leased), while franchising out the rest. This is markedly different from most hotel chains that own very little, if any, of their properties. The primary market for Motel 6 motels is the segment of the… Continue Reading →