studio 6
Travelers Choose Driving over Flying this Holiday Season, Opting for Reliable Methods of Travel and Familiar Destinations
Studio 6 | October 28, 2024
DALLAS, Oct. 28, 2024-- Americans are trading in their sleigh rides for car rides this holiday season, as they seek comfort in familiar, flexible, and budget-friendly travel options more than ever before. New data from Motel 6 and Studio 6 reveals that over half of those traveling to celebrate winter holidays this year will hit the road to their destination (51%) rather than take to the sky (13%). The study, which surveyed 2,000 Americans who plan to celebrate winter holidays this upcoming season, found an increase in road travelers from last year (+2% OnePoll 2023), a choice driven by the proximity of their destination (46%) and the desir...
Global Travel Technology Company OYO To Acquire G6 Hospitality From Blackstone Real Estate for $525M
OYO | September 23, 2024
New Delhi & Dallas – September 23, 2024 – Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. OYO has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add ~250 hotels in 2024. Motel 6’s franchise network pro...
Two-Thirds of Travelers Agree the Best Getaways Are Spontaneous
Motel 6 | April 20, 2023
DALLAS, April 20, 2023 -- As temperatures begin to rise, travelers are getting the urge to explore, and new research shows they're acting on that spur-of-the-moment travel bug. Recent data from leading economy lodging brands, Motel 6 and Studio 6, reveals that two out of three (67%) Americans with travel plans this year say that the best trips are spontaneous and decided on a whim. The study, which surveyed over 2,000 Americans who plan to travel this year also found that almost three-quarters (73%) would be willing to visit a surprise destination. "Taking a last-minute getaway is a great way to add some joy into your life," said ...
The Siegel Group Continues Expansion of Its Siegel Select Extended-Stay Brand With Three-Property Acquisition
The Siegel Group | May 18, 2022
LAS VEGAS--The Siegel Group (www.siegelcompanies.com), a real estate investment and management company announced that it had acquired three extended-stay properties for just under $18.94 million. With these acquisitions, The Siegel Group expands its Siegel Select® brand into the new markets of Oklahoma City, Houston and San Antonio and increases the total number of Siegel Suites® (www.siegelsuites.com) and Siegel Select® (www.siegelselect.com) properties throughout the United States to 59. The Siegel Group, which operates a sizable commercial real estate portfolio consisting of apartments, extended-stay hotels, flexible-stay apartmen...
NewcrestImage to Acquire 9 Arizona Properties From G6 Hospitality
NewcrestImage | January 6, 2022
NewcrestImage has reached definitive agreement to purchase nine hotels in Arizona from G6 Hospitality – six branded Motel 6 and three branded Studio 6. The transaction is expected to close in early March. “Acquiring properties, along with developing new hotels, are our two primary investment strategies for achieving growth in 2022,” said Mehul Patel, Chairman and CEO of Dallas-based NewcrestImage. “We look forward to creating fresh opportunities for these nine Arizona hotels in keeping with our operating philosophy, abilities, and track record.” According to Patel, Arizona is an attractive market because it...
G6 Hospitality Announces 2018 Franchise Awards Winners
G6 Hospitality LLC | October 9, 2018
DALLAS, Oct. 9, 2018 -- G6 Hospitality LLC, a leader in the economy lodging segment and known for its brands Motel 6 and Studio 6 in the U.S. and Canada, today announced its 2018 franchise award winners. At the 2018 G6 Hospitality Owner's Conference in Puerto Aventuras, Mexico, G6 Hospitality executives honored 15 franchisees and partners whose contributions have helped strengthen and grow the enterprise with properties that continue to deliver clean, comfortable accommodations and great guest experiences. G6 Hospitality also revealed that year-to-date, 94 properties have opened under the Motel 6 or Studio 6 brands. "We're ...
G6 Hospitality Signs with HKV Hospitality to Develop First Dual-Branded Motel 6 and Studio 6 in Austin, Texas
G6 Hospitality LLC | December 6, 2017
DALLAS--G6 Hospitality, known for its iconic economy lodging brands, Motel 6 and Studio 6 in the U.S. and Canada, announced the signing of a franchise agreement with HKV Hospitality, LLC to develop a new property in Austin, TX. The new construction will feature both Studio 6 and Motel 6 brand offerings in the same location, and it is currently slated for completion in early 2019. Conveniently located outside downtown Austin, the brand-new Motel 6/Studio 6 property will consist of four floors with 98 total rooms and features enhanced architecture along with a large social area for optimum guest relaxation and enjoyment. The modern accomm...
G6 Hospitality Honors 2017 Franchisee of the Year Recipients Along with Top Performer Awards
G6 Hospitality LLC | November 16, 2017
ORLANDO, Fla.--November 16, 2018--G6 Hospitality, the all-American leader in economy lodging and known for its iconic brands Motel 6 and Studio 6, announced the 2017 Franchisee of the Year along with other award recipients as part of the company's annual brand convention held earlier this month at the Grande Lakes Resorts in Orlando. Themed "The Magic Within", the conference celebrated the brand's leading franchisees, including the 2017 G6 Hospitality Franchisees of the Year Rajashekar M. Reddy of the Motel 6 in Marble Falls, Texas and Nilesh (Mike) B. Patel of the Studio 6 in Mesa, Arizona. G6 Hospitality leaders, franchisees and speci...
