Why do they call it Motel 6?
Two California contractors, William Becker and Paul Greene, saw a need for an economy motel on the California coast. 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.
What is the difference between Hotels & motels?
A hotel is usually a large, enclosed building with hundreds of rooms across multiple floors, while a motel has one or two floors with outdoor room entrances.
What does the 6 stand for in Motel 6?
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 $51 in 2020), which would cover building costs, land leases, and janitorial supplies; hence the company name “Motel 6”.
Why is it called a motel instead of a hotel?
According to Merriam-Webster, the word ‘hotel’ was coined in 1765 and comes from the French word for an establishment that provides lodging, meals and other services. Merriam-Webster notes that the word ‘motel’ came about much later (in 1925) and is a blend of the words ‘motor’ and ‘hotel’.
Is Motel 6 a franchise?
Motel 6 was established in 1962. They became a franchised system in 1996. There are currently 1251 Motel 6 units in operation.
Is Motel 6 publicly traded?
Motel 6, a publicly traded limited partnership, closed at a 52-week high of $19.75, up $2.625 per partnership unit. More than 50\% of the units are owned by Kohlberg Kravis Roberts, the New York investment firm that spearheaded a leveraged buyout of Motel 6 in 1985.
Why are motels called motels?
The term “motel” originated with the Motel Inn of San Luis Obispo, originally called the Milestone Mo-Tel, which was constructed in 1925 by Arthur Heineman. In conceiving of a name for his hotel, Heineman abbreviated motor hotel to mo-tel after he could not fit the words “Milestone Motor Hotel” on his rooftop.
What are motels used for?
motel, also called Motor Lodge, Motor Court, Tourist Court, or Motor Inn, originally a hotel designed for persons travelling by automobile, with convenient parking space provided. Motels serve commercial and business travellers and persons attending conventions and meetings as well as vacationers and tourists.
What is cheaper a motel or hotel?
Hotels can be cheap or expensive, depending upon the amenities and quality of service provided. Motels are cheaper than hotels as they offer very basic amenities.
Did Motel 6 get bought out?
Motel 6 and Studio 6, the no-frills budget hotel chains that once offered rooms for $6 a night, are being sold by French parent Accor for $1.9 billion. Their new owner, an affiliate of private equity firm Blackstone Group, already owns Hilton Worldwide.
Who is Motel 6 owned by?
The Blackstone Group
Motel 6/Owners
What is the full meaning of motel?
Entering dictionaries after World War II, the word motel, coined as a portmanteau of “motor hotel”, originates from the Milestone Mo-Tel of San Luis Obispo, California (now called the Motel Inn of San Luis Obispo), which was built in 1925.