A leading chain of cheap motels, Motel 6 has its branches in more than one thousand areas of Canada and the United States. They even operate a chain of hotel for extended stay, under the name, Studio 6. They were sold to the Blackstone Group in 2012, at a lofty price of 1.9 billion US dollars. Paul Greene and William Becker established Motel 6 in the region of Santa Barbara in California. They even planned to introduce other motels where rooms could be offered at bargain price. The initial rent of the rooms of the motel was charged as 6 dollars, from where the name was conceptualized.