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MOTEL 6 PROFILE INFORMATION Motel 6 was founded in Santa Barbara, CA in 1962. The original motel is still in operation with near capacity occupancy rates, one of the highest in the chain. Motel 6 is the largest economy motel chain in America by number of properties, more than 425 in 40 states, and second in number of rooms, with more than 47,000. The great success of the.company is due to a simple concept. The awareness of the public is that Motel 6 prices are the lowest of any national motel chain and that the rooms are clean and comfortable. The average price of a Motel 6 room is 20 to 30 percent below other economy/limited service motel chains, and about 50 percent below the na- tional average for the lodging industry. Motel 6 recently adapted "flex- ible" pricing. Earlier, all Motel 6 prices were the same across the country. This permits Motel 6 to be quite competitive where needed. In addition, it enables them to develop a motel in a location which otherwise might be too expensive. Motel 6 properties are considered functional, not spartan. Guests know what to expect ... comfortable, clean rooms, a spotless bath and good beds. In addition, there is above standard insulation so that the rooms are quiet with no road noise. There is well lighted parking close to the rooms and heated swimming pools in most locations. Virtually all Motel 6 locations have at least one family restaurant next door. While these are basic a,-comodations, standards have been upgraded to satisfy the traveling public of the 80:'s. Motel 6 now accepts MasterCard, Visa, Diners Club and Discover charge cards, free color television is avail- able which includes two free in -room movies and in -room telephones with free local phone calls. A national reservations system with unique features is