Full Answer
How much does it cost to buy a Motel 6 franchise?
How much does Motel 6 franchise cost? Motel 6 has the franchise fee of up to $35,000, with total initial investment range of $2,617,700 - $3,868,600.
How many hotels are franchised?
Number of lodging franchise establishments in the U.S. 2007-2022. In 2021, the estimated number of lodging franchise establishments in the United States was 35,041.
Who is Motel 6 owned by?
Blackstone Inc.Motel 6 / OwnerBlackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Wikipedia
What chain does Motel 6 belong to?
G6 Hospitality LLCG6 Hospitality LLC owns, operates, and franchises 1,400 economy lodging locations under the Motel 6 and Studio 6 brands in the U.S. and Canada.
Who is the largest hotel franchise?
Marriott InternationalMarriott International Marriott is the largest hotel chain in the world by the number of available rooms. It has 30 brands with 7.642 hotels including 1.423. 044 rooms in 131 countries and territories. Between 2020 and 2021 the number of Marriott International rooms increased from 1.358.
Who owns the biggest franchise?
2017RANKCOMPANYUNITS1NPC INTERNATIONAL1,4782TARGET CORP.1,1703FLYNN RESTAURANT GROUP8544CARROLS GROUP76298 more rows
Who owns the most motels in America?
Who owns most hotels in the USA? Wyndham Hotel Group owns the most hotels in the USA, the company has over 8,092 hotels in 66 different countries.
Why are so many motels owned by Indians?
Once a family purchased a motel, they would live there, and the family members would do all the tasks needed to run it, from cleaning rooms to checking in guests. That helped keep costs down, and profits went toward acquiring new motels. By the 1980s Gujaratis had come to dominate the industry.
How much do motel owners make?
According to Shmoop.com, the owner of a chain hotel can expect an average hotel owner's salary of $50,000, with a range of $40,000 to $60,000 a year. Don't forget, the owner is paying a 4% to 6% franchise fee. He is also repaying, with interest, the financing on the property's acquisition cost.
How many motel Sixes are there in the United States?
Motel 6 & Studio 6 offers more than 1,400 company-owned and franchised locations throughout the United States and Canada. Motel 6 was the first national pet-friendly chain, welcoming pets since 1962.
Did Motel 6 get bought out?
The hotel brand is owned by The Blackstone Group's real estate business. Blackstone purchased the business in 2012 from Accor Hotels, which established G6 Hospitality as the management company for Motel 6 and Studio 6....Motel 6.TypePrivateParentG6 HospitalityWebsitemotel6.com11 more rows
What does the name Motel 6 mean?
The First Light Turned On – June 25, 1962 They opened a 52-room motel in Santa Barbara, offering a good night's sleep for the low, low price of just $6 per night (cash only). Fittingly, they decided to name it Motel 6.
Are all hotels franchised?
In the United States, more than 70% of all hotels are chain affiliated and less than 30% are independent. Elsewhere in the world these percentages are reversed. If you currently operate one of those hotels without a brand affiliation, you should probably consider a hotel franchise sometime in the near future.
How many Marriotts are franchised?
Marriott owns several dozen hotel “expressions” (brands) across about 130 countries worldwide, encompassing everything from luxury hotels like Ritz-Carlton and St....Facts & Figures.Liquid capital required$1,000Investment$74,082,490 - $117,152,490Franchise fee$419,000Units in operation6,520Founded1957
How many franchised businesses are there in the US?
780,000 businessesThe U.S. franchise sector is comprised of more than 780,000 businesses. Franchises account for about 3% of national GDP. The top franchises in 2021 include businesses in fast-serve restaurants, home services, real estate businesses, and travel.
Do hotels have franchises?
Hotel franchises are a popular option, since as long as vacations, honeymoons, and business trips exist, you'll have a market for your services.
Who owns Motel 6?
Motel 6 also operates Studio 6, a chain of extended-stay hotels. The hotel brand is owned by The Blackstone Group , which established G6 Hospitality as the management company for Motel 6 and Studio 6.
What are the competitors of Motel 6?
Newer properties, as well as acquisitions, have interior corridors. Its competitors include America's Best Value Inn, Days Inn, Econo Lodge, and Super 8 Motels. In 1999, Motel 6 launched Studio 6 Extended Stay, hotels with suites that are designed for longer stays and feature kitchenettes.
What was the Motel 6?
During the chain's early years, Motel 6 emphasized itself as a "no-frills" lodging chain with rooms featuring coin-operated black-and-white television receivers instead of the free color televisions found in the more expensive motels , along with functional interior decor, to reduce the time it took to clean the rooms. The first location in Santa Barbara had no restaurant on-site, a notable difference from other hotels of the era. To this day, most motels have no on-site dining, though there is usually a choice of restaurants nearby.
How much does Motel 6 charge for internet?
Motel 6 locations offer guests free basic wireless internet access, and some locations offer an upgrade to premium wireless internet access with the charge not exceeding $4.99.
Why did Motel 6 lose market share?
A Motel 6 in Lima, Ohio. Market share declined throughout the 1980s, in part because of increased competition from other budget hotels. During this time, it bought out the Sixpence Inn chain in the western U.S., and Envoy Inn (formerly Bargaintel) in the Midwestern United States and Pennsylvania.
When was Regal 8 bought?
Regal 8 Motels were acquired in 1991. In 1990, the company was bought by the French-based Accor. In 1993, it opened its first high-rise location—Motel 6 LAX in Los Angeles, California. Unlike the majority of hotel chains, Motel 6 directly owns and operates most of its locations.
How much is a motel 6?
They decided on a $6 room rate per night (equivalent to $51 in 2020 ), which would cover building costs, land leases, and janitorial supplies; hence the company name "Motel 6".
How much does a Motel 6 franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2016 Franchise Disclosure Document, there are 957 franchised Motel 6 locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
When did they begin franchising?
They began franchising in 1962. The average Hotel franchise began franchising in 1998.
Overview
History
Motel 6 was founded in Santa Barbara, California, in 1962, by two local building contractors: William Becker and Paul Greene. The partners developed a plan to build motels with rooms at low cost rates. They decided on a $6 room rate per night (equivalent to $54 in 2021 ), which would cover building costs, land leases, and janitorial supplies; hence the company name "Motel 6".
Services
Motel 6 locations offer guests free basic wireless internet access, and some locations offer an upgrade to premium wireless internet access with the charge not exceeding $4.99.
Studio 6 (extended stay)
Since 1999, Motel 6 operates Studio 6, a chain of extended-stay hotels that offers more amenities than a standard Motel 6 location, while also offering weekly and monthly rates. Studio 6 provides an expanded kitchenette area, including a full-sized refrigerator, coffeemaker, toaster, microwave oven, electric cooktop and a set of dishes/utensils, in all its rooms. Studio 6 allows pets with certain restrictions. Studio 6 hotels are located in 15 U.S. states and Canada. Its competitors inc…
Room renovations
In March 2008, Motel 6 began a system-wide renovation program called the "Phoenix Project" to update the look and amenities of all bedrooms.
Before the remodel most rooms had colorful road-trip inspired bed covers, carpeted floors, shower curtains, CRT televisions and beige furnishings. Stained carpets and dirty shower curtains were a common complaint on online custo…
Advertising campaign
Beginning in 1986, Motel 6 has advertised through radio commercials featuring the voice of writer and National Public Radio commentator Tom Bodett, with the tagline "We'll leave the light on for you." The ads were created by Dallas advertising agency The Richards Group. They feature a tune composed by Tom Faulkner, performed by him on guitar and Milo Deering on fiddle. The first spots were conceived and written by David Fowler. In 1996, the ads won a Clio Award. The camp…
See also
• Hotels portal
External links
Media related to Motel 6 at Wikimedia Commons
• Official website
• Studio 6 website