Day studied at Mercer University in Macon, Georgia, but withdrew prior to graduation to join the United States Marine Corps.
After the Marine Corps, Day studied at the Georgia Institute of Technology; he was a member of Sigma Alpha Epsilon fraternity and graduated with a degree in Industrial Management in 1958.
Day owned real estate in Atlanta, Georgia.
He sold a duplex for $4,000,000 and used the funds to open the first Days Inn hotel, which was located on Tybee Island, Georgia.
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