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
Phillips' Sound Recording Services by two of The Quarrymen (Lowe and Hanton) on the front of the house. Record Collector magazine valued the Beatles related disc (still owned by McCartney) at a value of UK£ 200,000 in their 2016 "Rare Record Price Guide." (A similar one off acetate recording by a pre famous Elvis Presley by Sam Phillips sold at auction for a similar amount previously). Phillips' Sound Recording Services Phillips' Sound Recording Services was a studio in the house of Percy Francis Phillips (1896–1984) and his family at 38 Kensington, Kensington, Liverpool, England. Between the years of 1955 and 1969, Phillips recorded numerous