Accor Completes $1.1 Billion Sale Leaseback Program for Motel 6


DALLAS - Oct. 6, 1998--Motel 6 has completed an innovative sale leaseback program for a significant number of its properties. This strategy will free up Motel 6's financial resources, while still retaining management of its properties. In the program, 288 Motel 6 locations, totaling 33,000 rooms, were sold at a price of $1.1 billion, [...]