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G6 Hospitality
Motel 6 is an American chain of motels with locations in the United States and Canada. The chain was founded in Santa Barbara, California, in 1962 by William W. Becker and Paul Greene, and derives its name from the fact that rooms initially cost only six dollars. Motel 6 also operates Studio 6, a chain of Apartment hotel, extended-stay hotels. Since 1986, the chain has also run radio advertisements narrated by Tom Bodett and featuring the slogan "we'll leave the light on for you". In 2012, The Blackstone Group acquired the hotel brand from Accor Hotels, and began managing it as part of its real estate business. In September 2024, Oyo Rooms, an Indian hospitality chain, announced an agreement to acquire Motel 6 and Studio 6 in an all-cash transaction valued at $525 million. On December 17, 2024, OYO's parent company, Oravel Stays, announced that it had completed the purchase of G6 Hospitality, which until then controlled hotels under the Motel 6 and Studio 6 brands. History ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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07 Motel 6 - American Budget Motel Chain
7 (seven) is the natural number following 6 and preceding 8. It is the only prime number preceding a cube. As an early prime number in the series of positive integers, the number seven has symbolic associations in religion, mythology, superstition and philosophy. The seven classical planets resulted in seven being the number of days in a week. 7 is often considered lucky in Western culture and is often seen as highly symbolic. Evolution of the Arabic digit For early Brahmi numerals, 7 was written more or less in one stroke as a curve that looks like an uppercase vertically inverted (ᒉ). The western Arab peoples' main contribution was to make the longer line diagonal rather than straight, though they showed some tendencies to making the digit more rectilinear. The eastern Arab peoples developed the digit from a form that looked something like 6 to one that looked like an uppercase V. Both modern Arab forms influenced the European form, a two-stroke form consisting of a ho ...
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Days Inn
Days Inn is a hotel chain headquartered in the United States. It was founded in 1970 by Cecil B. Day, who opened the first location in Tybee Island, Georgia. The brand is now a part of the Wyndham Hotels and Resorts, headquartered in Parsippany, New Jersey, which used to be a part of Cendant. As of December 31, 2023, Days Inn includes 1,501 locations worldwide with 114,216 rooms. History Founder Cecil B. Day, before creating Days Inn, had worked in real estate in Atlanta, Georgia, where he built and developed apartment complexes. He also owned several locations of the fast food chains Jiffy Drive-In and Carrols Restaurant Group, Carrols in Atlanta. Day sold his holdings to Phipps Land Company for $14 million in 1969, the largest real estate transaction in the state of Georgia at the time. Day founded Days Inn on Tybee Island, Georgia, in 1970. He proposed the idea as a means of using a piece of land he owned on the island. When the first Days Inn opened, Day could not find maid ...
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America's Best Value Inn
Vantage Hospitality Group Inc. was an American hotel corporation, operating hotels in the United States and internationally. Its brands include Best Value Inn and Lexington by Vantage. In 2016, Vantage Hospitality Group was acquired by Red Lion Hotels Corporation. History Vantage Hospitality Group was founded in 1999 and had over 1,000 properties around the U.S. and Canada by 2016. By 2016, Vantage Hospitality operated 10 brands, including Best Value Inn and Value Inn Worldwide. America's Best Value Inn received a Hotel Vikas diamond award in 2010 in the Best Hotel Franchisor category. Hotel Vikas is a trade publication targeted to hotel CEOs. In 2005, Vantage introduced the Lexington by Vantage brand. In 2014, Vantage acquired America's Best Franchising and its brands: America's Best Inns & Suites, Country Hearth Inns & Suites, Jameson Inn, Signature Inn, and 3 Palms Hotels and Resorts. Vantage planned to re-launch the then inactive ''Signature Inn'' brand as a budget chain, wit ...
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Chain Store
A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many parts of the world. A franchise retail establishment is one form of a chain store. In 2005, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales. History In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as a news vending business in London that would become a national concern in the mid-19th century under the management of their grandson William Henry Smith. The world's oldest national retail chain, the firm took advantage of the railway boom during the Industrial Revolution by opening news-stands at railway stations beginning in 1848. The firm, now called WHSmith, had more than 1,400 locations as of 2017. In the U.S., chain stores likely began with J. Stiner & Co ...
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Western United States
The Western United States (also called the American West, the Western States, the Far West, the Western territories, and the West) is List of regions of the United States, census regions United States Census Bureau. As American settlement in the U.S. Manifest destiny, expanded westward, the meaning of the term ''the West'' changed. Before around 1800, the crest of the Appalachian Mountains was seen as the American frontier, western frontier. The frontier moved westward and eventually the lands west of the Mississippi River were considered ''the West''. The U.S. Census Bureau's definition of the 13 westernmost states includes the Rocky Mountains and the Great Basin to the West Coast of the United States, Pacific Coast, and the mid-Pacific islands state, Hawaii. To the east of the Western United States is the Midwestern United States and the Southern United States, with Canada to the north and Mexico to the south. The West contains several major biomes, including arid and Sem ...
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Motel 6 Milwaukee
A motel, also known as a motor hotel, motor inn or motor lodge, is a hotel designed for motorists, usually having each room entered directly from the parking area for motor vehicles rather than through a central lobby. Entering dictionaries after World War II, the word ''motel'', coined as a portmanteau of "motor hotel", originates from the defunct lodging compound establishment, The Milestone Mo-Tel in San Luis Obispo, California (later renamed as "Motel Inn"), which was built in 1925. The term referred to a type of hotel consisting of a single building of connected rooms whose doors faced a parking lot and in some circumstances, a common area or a series of small cabins with common parking. Motels are often individually owned, though motel chains do exist. As large highway systems began to be developed in the 1920s, long-distance road journeys became more common, and the need for inexpensive, easily accessible overnight accommodation sites close to the main routes led to ...
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Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio and the Ohio River to its west, Lake Erie and New York (state), New York to its north, the Delaware River and New Jersey to its east, and the Provinces and territories of Canada, Canadian province of Ontario to its northwest via Lake Erie. Pennsylvania's most populous city is Philadelphia. Pennsylvania was founded in 1681 through a royal land grant to William Penn, the son of William Penn (Royal Navy officer), the state's namesake. Before that, between 1638 and 1655, a southeast portion of the state was part of New Sweden, a Swedish Empire, Swedish colony. Established as a haven for religious and political tolerance, the B ...
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Midwestern United States
The Midwestern United States (also referred to as the Midwest, the Heartland or the American Midwest) is one of the four census regions defined by the United States Census Bureau. It occupies the northern central part of the United States. It was officially named the North Central Region by the U.S. Census Bureau until 1984. It is between the Northeastern United States and the Western United States, with Canada to the north and the Southern United States to the south. The U.S. Census Bureau's definition consists of 12 states in the north central United States: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The region generally lies on the broad Interior Plain between the states occupying the Appalachian Mountain range and the states occupying the Rocky Mountain range. Major rivers in the region include, from east to west, the Ohio River, the Upper Mississippi River, and the Missouri River. The 2020 ...
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Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively. KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date.
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Gilroy, California
Gilroy is a city in Santa Clara County, California, United States, south of the San Francisco Bay Area. It had a population of 59,520 as of the 2020 census. Gilroy's origins lie in the village of San Ysidro, which developed in the early 19th century from Rancho San Ysidro. This land had been granted to Californio ranchero Ygnacio Ortega in 1809. Following Ygnacio's death in 1833, his daughter Clara Ortega de Gilroy and son-in-law John Gilroy inherited the largest portion of the rancho, and began developing the settlement. When the town was incorporated in 1868, it was renamed in honor of John Gilroy, a Scotsman who had emigrated to California in 1814, naturalized as a Mexican citizen, adopted the Spanish language, and converted to Catholicism. These changes made him eligible to own land in this area of the Spanish Empire. In the process, he took the name Juan Bautista Gilroy. Gilroy is known for its garlic crop, and is nicknamed the "Garlic Capital of the World". It is also ...
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Salt Lake City, Utah
Salt Lake City, often shortened to Salt Lake or SLC, is the List of capitals in the United States, capital and List of cities and towns in Utah, most populous city of the U.S. state of Utah. It is the county seat of Salt Lake County, Utah, Salt Lake County, the most populous county in the state. The city is the core of the Salt Lake City Metropolitan Statistical Area (MSA), which had a population of 1,257,936 at the 2020 census. Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Provo–Orem Combined Statistical Area, Salt Lake City–Ogden–Provo Combined Statistical Area, a corridor of contiguous urban and suburban development stretched along a segment of the Wasatch Front, comprising a population of 2,746,164 (as of 2021 estimates), making it the 22nd largest in the nation. With a population of 199,723 in 2020, it is the List of United States cities by population, 111th most populous city in the United States. It is also the central c ...
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