Homeinns Hotel Group operates a hotel chain in China. The company develops and operates economy hotels across China under Homeinn, Motel, Yitel and Fairyland brands. As of December 31, 2014, the company’s hotel chain consisted of 914 leased-and-operated hotels in operation with an additional 28 leased-and-operated hotels contracted or under construction and 1,695 franchised-and-managed hotels in operation with an additional 173 franchised-and-managed hotels contracted or under construction. As of December 31, 2014, the company had a total of 2,609 hotels in operation, including 2,135 hotels under the Homeinn brand, 402 hotels under the Motel brand, 41 hotels under the Yitel brand and 31 hotels under the Fairyland brand, covering a total of 335 cities across China, as well as an additional 201 hotels contracted or under construction. Leased-and-operated Hotels For leased-and-operated hotels, the company leases properties from real estate owners or lessors. It is responsible for hotel development and customization to conform to the standards of hotel chain, as well as repairs and maintenance and operating expenses of properties over the term of the lease. The terms of its leases range from 5 to 20 years, most of which are 15 to 20 years in duration. The company’s leased-and-operated hotels include 14 hotels that it leases and operates through 13 majority-owned subsidiaries. Franchised-and-managed Hotels: For franchised-and-managed hotels, the company franchises its ‘Homeinn’, ‘Motel’, ‘Yitel’ and ‘Fairyland’ brands to franchisees who are property owners, lessors or existing hotel operators. Customers The company’s core targeted customers consist of individual small-and-medium-enterprise business travelers and leisure travelers. As of December 31, 2014, the company had a total of 23.0 million unique active non-corporate members. Intellectual Property The company registered its domain names www.homeinns.com, www.motel168.com, www.yitel.com and www.yunshanghotels.com with the Internet Corporation for Assigned Names and Numbers. Competition The company competes primarily with other economy hotel chains, such as Jinjiang Star, 7 Days Inn, Han Ting, Green Tree Inn and Super 8, as well as various regional and local economy hotel chains. History The company was founded in Cayman Islands in 2006. It was formerly known as Home Inns & Hotels Management Inc. and changed its name to Homeinns Hotel Group in 2014.
homeinns hotel group-adr
(HMIN:Consolidated Issue Listed on NASDAQ Global Select )
No. 124 Caobao Road
Phone: 86 21 3337 3333
Fax: 86 21 6483 5660www.homeinns.com
|China Lodging Group Ltd||$26.00 USD||+0.26|
|Shanghai Jinjiang International Hotels Development Co Ltd||CNY37.23 CNY||+1.40|
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