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It had charged $6 per night before taxes for a room when it first opened in 1962. [19] Sixty years later, during the late summer of 2022, the first Motel 6 was reportedly charging $426 per night for a room, before taxes. [19] In September 2024, Indian hospitality chain Oyo Rooms agreed to buy Motel 6 and Studio 6 in an all-cash deal worth $525 ...
The price and quality of the motel rooms were substandard, and he contacted a building contractor friend named Paul Green about building low-cost hotels. The first Motel 6 opened in Santa Barbara in 1962 and offered rooms for $6. They sold the chain of 180 motels in 1968 for $14 million.
By the 1990s, Motel 6 and Super 8 were built with inside corridors (so were nominally hotels) while other former motel brands (including Ramada and Holiday Inn) had become mid-price hotel chains. Some individual franchisees built new hotels with modern amenities alongside or in place of their former Holiday Inn motels; by 2010 a mid-range hotel ...
Prices vary by destination, but it’s not at all shocking to shell out hundreds and hundreds of dollars per night on a room at a luxury hotel or resort. See: 7 Biggest Ways You’re Wasting Money ...
Oct. 22—Sage Investment Group plans to close on the sale of the Motel 6 on Belmont Avenue in Centralia on Halloween, with the hope that in the following year, the building will be transformed ...
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 ...
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