Founded in 1962 in Santa Barbara, California, Motel 6 is synonymous with a great travel value. Motel 6 is a major chain of budget motels with more than 1,100 locations in the United States and Canada. Motel 6 also operates Studio 6, a chain of extended stay hotels. In October 2012 the sale of the Motel 6 chain by Accor Hotels to The Blackstone Group for $1.9 billion was concluded. The Blackstone Group then established G6 Hospitality LLC as the management company for Motel 6 and Studio 6.