Motel 6 was founded in 1962 in Santa Barbara, Calif., and has been an indelible part of Americana for its basic accommodations. The Motel 6 name originally came from the company’s offering of an all-cash $6-a-night rate. Motel 6 and Studio 6 currently have roughly 1,500 hotels across the United States and Canada. The budget hotel chain that has lined American highways for decades, will be sold to Oyo, an India-based hotel operator. Oyo expanded into the United States in 2019, and has recently ramped up efforts to expand further. It currently operates more than 300 hotels domestically.