G6 Hospitality Brands Named Among the Top Franchises in Entrepreneur Magazine’s Franchise 500®
Motel 6 achieves the highest-ranked position of any economy lodging brand on prestigious industry list
DALLAS, Jan. 16, 2024 – G6 Hospitality, the leading economy lodging franchisor, announced today that its iconic Motel 6 and extended stay Studio 6 brands were recognized among the top 500 franchises for 2024 in Entrepreneur Magazine’s prestigious Franchise 500® ranking.
The annual Entrepreneur Franchise 500® is the world’s first and most comprehensive franchise ranking, serving as a dominant competitive measure and invaluable resource for evaluating and ranking business performance across critical factors including unit growth, financial strength and stability, and brand power.
For the 2024 rankings, Entrepreneur recognized Motel 6 as one of the Top 50 North American franchises, awarding the brand the #45 spot – the highest-ranking for any economy lodging brand on the list. Additionally, in its second year of inclusion, G6 Hospitality’s extended stay Studio 6 brand jumped 69 places to #190 on the list.
“2023 was a strong year for G6 Hospitality across both of our iconic economy lodging brands, and we are excited to continue that growth, focusing nearly every aspect of our business around owners’ success and guests’ expectations,” said Julie Arrowsmith, President & Chief Executive Officer, G6 Hospitality. “We are honored by Entrepreneur’s consistent recognition, and the rising positions and achievements of Motel 6 and Studio 6 are a testament to the profound dedication of our franchising owners and operators across the country.”
This year’s ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them. The Entrepreneur editorial team researched and assessed several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise received a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest scores determined the Franchise 500® in ranked order.
“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”
To view Motel 6 and Studio 6 in the full ranking, visit http://www.entrepreneur.com/franchise500 or pick up a copy of the January/February 2024 issue of Entrepreneur on newsstands now.
About G6 Hospitality LLC
G6 Hospitality franchises nearly 1,500 economy lodging locations under the Motel 6 and Studio 6 brands in the United States and Canada. In 2022, Motel 6 was named the “Best Budget-Friendly Hotel Brand” in USA TODAY’s 10Best Readers’ Choice Awards and ranked within the top 50 franchises of Entrepreneur’s 2024 Franchise 500, in which Studio 6 was included as well. The Company was also named a 2023 “Best for Vets” employer by Military Times and a Top Military Friendly® Employer for 2024. For more information, please visit http://www.g6hospitality.com/.
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