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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.
Budget Host is an American lodging chain. [1] Overview. It was founded in 1975 in Fort Worth, Texas by Ray Sawyer - who died in 2007 [2] - and Ed Semmler. [3]
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. He had begun to change the name on all locations to Econo Lodge in the latter 1970s. The brand went through ups and downs and a number of owners after the founders sold out.
Bigelow owns Budget Suites of America, an extended-stay apartment chain founded in 1987. [9] It caters to budget travelers needing to stay for an extended period. Its rooms are primarily suites featuring a full kitchen. Budget Suites owns three hotels in Phoenix, Arizona; five in Las Vegas, Nevada; ten in Dallas, Texas; and one in San Antonio ...
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 .
In 2001, Intown Suites had a room occupancy rate of 87%, compared with a 73% average for the entire industry. [3] In 2002, Intown Suites expanded by purchasing Suburban Lodges of America for $99 million, [4] keeping its company-owned properties but spinning off its franchises into Suburban Extended Stay Hotels. [5]
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