Accor North America Opens First Studio 6 Corporate Acquisition In Over 7 Years

New Location in Greensboro, NC Joins Studio 6 Family of Properties

July 30, 2008 // Franchising.com // DALLAS, Texas – Accor North America, one of the nation's largest owner/operators of economy lodging, announces its first Studio 6 corporate acquisition in over seven years. The newest Studio 6 property is located in Greensboro,North Carolina. Formerly a Residence Inn, the property opened on July 24th under the ownership and management of Studio 6.

"This property is just the latest acquisition in our goal to reach 1,200 locations in North American by 2010," said Olivier Poirot, CEO for Accor North America, Motel 6 and Studio 6. "We plan to continue our aggressive pursuit of both corporately-owned and franchised locations in our network as we get closer to achieving our goal."

The last Studio 6 corporate acquisition was in January 2001. Since resuming corporate development for both the Studio 6 and Motel 6 brands, Accor NA has increased its overall network by 51 properties. This includes four corporate acquisitions along with 47 franchises since the beginning of 2007.

Located at 2000 Veasley Street in Greensboro, North Carolina, the new Studio 6 is conveniently located along I-40, two miles from the Greensboro Coliseum Complex and 12 miles from Greensboro's Piedmont Triad International Airport. In addition, the property is near the University of North Carolina Greensboro, Guilford College, Wesley Long Community Hospital and MosesH. Core Memorial Hospital and just minutes away from the shopping, dining and entertainment attractions of historic downtownGreensboro. Each suite in the 128-room property in Greensboro includes a full kitchen that includes a refrigerator, stove top, conventional oven, microwave oven, sink, and dishwasher, separate living room and bedroom areas, desk with convenient outlets and an ergonomic chair. The property also includes an outdoor swimming pool and whirlpool, sport court, and barbeque/patio area.

Studio 6 extended stay hotels offer the affordable comfort of furnished studios, low weekly rates and accommodating hotel amenities in the United States and Canada. Standard amenities include fully equipped kitchens with microwave, stovetop, coffee maker and refrigerator; voicemail, data ports and Wi-Fi; free local phone calls; guest laundry; and multi-channel TV with HBO, ESPN/ESPN2, CNN, Weather Channel, TBS, Discovery Channel and more. All Studio 6 properties welcome pets. For reservations or more information, visit www.staystudio6.com or call 1-888-897-0202.

Accor North America currently has more than 950 economy lodging locations in the U.S. and Canada, with roughly 75 percent of its network consisting of corporately-owned and leased properties.

About Studio 6

Studio 6 extended stay hotels offer the affordable comfort of furnished studios, low weekly rates and accommodating hotel amenities. You will find Studio 6 locations in the United States and Canada Conveniently located in major business complexes, offering easy access to shopping and retail centers, entertainment areas, and restaurants.

About Accor North America

Headquartered in Dallas (Carrollton), Texas, Accor North America operates more than 950 upscale and economy properties including nationwide economy leaders Studio 6 and Motel 6 and the upper-upscale Sofitel and upscale Novotel hotel locations in the U.S. and Canada. For more information, visithttp://www.accor-na.com/.

About Accor Worldwide

Accor, the European leader and a major global group in hotels, the global leader in services to corporate clients and public institutions, operates in nearly 100 countries with 170,000 employees. It offers to its clients over 40 years of expertise in its two core businesses:

  • Hotels, with the Sofitel, Pullman, Novotel, Mercure, Suitehotel, Ibis, all seasons, Etap Hotel, Formule 1, Studio 6 and Motel 6 brands,representing more than 4,000 hotels and nearly 500,000 rooms in 90 countries, as well as strategically related activities, such as Lenôtre.
  • Services, with 30 million people in 40 countries benefiting from Accor Services products in human resources, marketing services and expense management.

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