DALLAS, Jan. 25, 2017 /PRNewswire/ -- G6 Hospitality, a top hotel management company known for its iconic economy lodging brands, Motel 6 and Studio 6 in the U.S. and Canada, and Hotel 6 and Estudio 6 brands in Latin America, today released key performance metrics from 2016. Earlier this week, the brand made news with the announcement of the signing of two new area development agreements to take the brands to Central America and India.
Executing the strategic growth plan put forth for the year, G6 Hospitality's Motel 6 owned locations closed the year reporting a year-to-year RevPAR Index of 113 and a 360 basis point improvement. Overall, the iconic brand Motel 6 opened more than 100 new locations, continuing its growth both domestically and globally. Additionally, Studio 6, the company's extended stay brand, outperformed the competition in the extended stay segment by executing rapid development, including the signing of 40 new development agreements and the opening of 20 new locations last year.
"We are excited to report a solid year across our brands. I am pleased to see our teams have successfully deployed a strategic approach to growth, hard work and commitment across the enterprise in 2016," said Jim Amorosia, President and Chief Executive Officer at G6 Hospitality. "In addition to expanding our network reach, we also launched our new revenue management system and the mobile app. We are looking forward to continuing the momentum in 2017, which will mark our 55th anniversary."
Looking to 2017, G6 Hospitality is forecasting a more than 33% increase in new openings by year-end 2017.
With its established network in North America, and the strong appeal of its brands, G6 Hospitality continues to position itself as the leader of the economy lodging segment in the U.S., Canada and soon to be in Latin America.
For more information and details on franchising with G6 Hospitality, please visit www.g6hospitality.com/franchising
About G6 Hospitality LLC
G6 Hospitality LLC owns, operates and franchises over 1,350 economy lodging locations under the iconic Motel 6 and the extended stay Studio 6 brands in the U.S and Canada, and Hotel 6 and Estudio 6 brands in Latin America. Headquartered in Dallas (Carrollton), Texas, G6 Hospitality was rated one of the top ten hospitality companies according to the Hotel Management 2015 Top Hotel Companies rankings list, which evaluated over 260 hotel companies. For more information please visit G6Hospitality LLC.
About Motel 6
Motel 6 offers the lowest price of any national chain at its 1,350 company-owned and franchised locations throughout the United States and Canada. Growing faster than any of its competitors, Motel 6 has used the tagline, "We'll leave the light on for you®" for more than 29 years, earning the chain the highest brand recognition in the economy lodging segment. Motel 6 offers standard amenities including Wi-Fi Internet access, free local calls, no long distance access charges, free morning coffee and expanded cable channel line-up. Most locations offer swimming pools and guest laundry facilities. Motel 6 is managed and operated by G6 Hospitality LLC. For more information, visit www.motel6.com.
About Hotel 6
Hotel 6 is the newest brand introduced by G6 Hospitality exclusively designed for Latin America. Keeping with the promise of G6 Hospitality's iconic American brands, Hotel 6 will offer a clean, comfortable room and great experiences to travelers in the region. Hotel 6's standard offerings include complimentary food and beverage offering, access to internet and parking. Access the latest news at www.g6mediacenter.com or inquire about development opportunities at www.g6hospitality.com
About Estudio 6
Estudio 6 is the extended stay brand introduced by G6 Hospitality and designed to offer the affordable comfort of furnished studios, low weekly rates and accommodating hotel amenities in Latin America. Estudio 6 properties will be conveniently located nearby major business complexes and shopping areas, offering the best choice of lodging for extended stay travelers. Access the latest news at www.g6mediacenter.com or inquire about development opportunities at www.g6hospitality.com.
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SOURCE G6 Hospitality