G6 Hospitality Announces Expansion To Central America

Hotel 6 and Estudio 6 Brands to Open Up Ten Properties in Partnership with InterAmerican Development Group Inc.

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Jan 23, 2017, 10:15 ET

DALLAS, Jan. 23, 2017 /PRNewswire/ -- G6 Hospitality, known for its iconic economy lodging brands, Motel 6 and Studio 6 in the U.S. and Canada, today announced that it is extending its footprint to Central America. The hospitality group signed a new area development agreement with InterAmerican Development Group, Inc. (IADG), to bring its newly designed brands, Hotel 6 and Estudio 6, to Belize, Costa Rica, Panama and more.

From left to right: Dean Savas, EVP Franchise G6 Hospitality; Luis Antonio Maldonado, Director IADG; Jim Amorosia, CEO G6 Hospitality; Gustavo Ripol, Director IADG; Guillermo Estrada, Director G6 Hospitality

InterAmerican Development Group (IADG) is a new entity formed by Grupo Portalis, Leisure Partners, and Calvet & Asociados with the goal of developing and operating a budget hotel platform in all of Central America under the Hotel 6 and Estudio 6 brands. This development agreement is part of G6 Hospitality's efforts to bring its unique brands to several countries in the region including Belize, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama. With this new partnership, the company plans to expand its portfolio opening up to ten Hotel 6/Estudio 6 properties within the next five years.

"In 2014, we saw an opportunity to expand our footprint to Latin America as a response to increased demand in the region's economy travel segment," said Jim Amorosia, President and Chief Executive Officer at G6 Hospitality. "We initiated our strategic global expansion plan in Mexico and will continue in growing our portfolio to other areas in the region to offer leisure and business travelers in every destination the best budget-conscious lodging options."

The new Central American properties will feature elements of the company's award winning, modern-style Phoenix design. "The new Hotel 6 and Estudio 6 properties will satisfy the growing demand in these important markets while offering travelers everything they need to enjoy a comfortable stay at reasonable rates," said Dean Savas, Executive Vice President of Franchising and International Development at G6 Hospitality. "We are delighted to welcome InterAmerican Development Group into the G6 Hospitality family."

Once completed, these new locations will feature modern rooms and spacious areas for social gatherings as well as unique amenities including food and beverage offering, cable TV, internet parking, and the affordability the iconic brand is known for.

"We are excited to play a part in G6 Hospitality's expansion to Central America, and believe that their proven hospitality formula and our local market knowledge will provide for a very successfully partnership, "said Antonio Maldonado, Director InterAmerican Development Group.

With its established network, ambitious renovation efforts in the US, and the strong appeal of its Motel 6, Studio 6, Hotel 6 and Estudio 6 brands, G6 Hospitality continues to establish itself as the leader of the economy lodging segment in the U.S., Canada and soon to be in Latin America.

For more details on franchising with G6 Hospitality or to learn more about G6 Hospitality's brands, 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 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.

About InterAmerican Development Group (IADG)

InterAmerican Development Group (IADG) is a joint venture formed by Grupo Portalis from Guatemala, Leisure Partners from Mexico, and Calvet & Asociados from Nicaragua to develop economy and select service hotels under the Hotel 6/Estudio 6 brands across Central America. The three groups bring together an extensive experience in hospitality consulting, development, operations, and commercial real estate. InterAmerican Development Group is headed by John McCarthy as Chairman, a former Managing Director of FONATUR, Mexico's Tourism Development Agency, and is led by Antonio Maldonado Ayala as Managing Director.

SOURCE G6 Hospitality