Sam Phillips the first investors in Holiday Inn, a motel chain that was about to expand to a nationwide franchise; he became involved with the chain shortly after selling Elvis Presley's contract to RCA, for $35,000, which he multiplied many times over the years with Holiday Inn. He also created two subsidiary recording labels, Phillips International Records and Holiday Inn Records. He owned the Sun Studio Café in Memphis. One location was in the Mall of Memphis. Phillips and his family founded Big River Broadcasting Corporation, which owns and operates several radio stations in the Florence, Alabama, area, including WQLT-FM, WSBM, and
Power Station (recording studio) Power Station (recording studio) Power Station at BerkleeNYC, formerly known as Avatar Studios is a recording studio at 441 West 53rd Street between Ninth and Tenth Avenues in the Hell's Kitchen neighborhood in Manhattan, New York City. The building was originally a Consolidated Edison power plant. In 1977, it was rebuilt as a recording studio by producer Tony Bongiovi and his partner Bob Walters and gained renown as one of the finest acoustic environments for recording in the world. It has won several studio industry awards over the years, including a Les Paul Award for Special Lifetime Achievement in 1991.