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 and microphone linked to the studio above. The recordings would normally be on tape, and then transferred to disc, although the tape was recorded over again during the next session. Because of trams, trucks, and horses going up and down Kensington, Phillips had to hang heavy blankets over the studio door and a rear window to minimise the noise. Phillips' first recording was of himself singing "Bonnie Marie of Argyle", (unaccompanied) and a few days later he recorded "Unchained Melody", with local dance band singer Betty Roy. The first disc he cut in the studio was on 7 August 1955,