In 2007 Home Inn considered building hotels in Taiwan.[7] In October 2007 Home Inn purchased Top Star, a hotel company that had been established two years prior. The transaction netted Home Inn an additional 26 hotels. As of 2008 the company had around 250 hotels, and Home Inn, Motel 168 and Jinjiang Inn together controlled 44% of China's budget hotel market. At that time the company planned to increase the number to 1,000 and to open outlet in other Asian countries.[4] The chain acquired Motel 168 in October 2011.[3]
In April 2016, Home Inn completed the Going Private Transaction and sold to BTG Hotels.[9]
Operationsedit
Home Inn is the largest budget hotel chain in China, and it was the first budget chain that was established in China.[10] Brands include Home Inn (Chinese: 如家酒店; pinyin: Rújiā Jiǔdiàn), Motel 168, Yitel (和颐酒店; Héyí Jiǔdiàn), and Fairyland Hotel (simplified Chinese: 云上四季连锁酒店; traditional Chinese: 雲上四季連鎖酒店; pinyin: Yúnshàng Sìjì Liánsuǒ Jiǔdiàn). Yitel is a business-oriented brand of Home Inn.[11]
Referencesedit
^"Company Profile for Home Inns & Hotels Management Inc". bloomberg.com/. Retrieved 1 September 2014.
^"联系我们." BTG Hotels. Retrieved on January 25, 2018. "地址：上海市徐汇区漕宝路124号"
^ abc"Investor Relations Home 2015-02-22 at the Wayback Machine" (). Home Inn. Retrieved on February 18, 2013. "Headquarters Home Inns & Hotels Management Inc. No.124 Cao Bao Road, Xu Hui District Shanghai 200235, PRC" - Chinese address: "上海市徐汇区漕宝路124号"
^ abcShen, Samuel. "China's booming budget hotels profit from no frills" (). Reuters. January 16, 2008. Retrieved on February 18, 2013.
^"Home Inn Hotels looks to Nasdaq for US$80m". South China Morning Post. 2006-10-06. Retrieved 2023-06-19.
^Loesekrug-Pietri, Andre. "Importance of differentiation." China Daily. January 21, 2013. Retrieved on February 18, 2013. "The best credentials for it are that almost all entrepreneurial success stories – Baidu, Ctrip, Lining, Belle, Home Inn, just to mention a few – have been funded by private equity funds."
^DPA. "China’s Home Inn chain mulls building in Taiwan 2014-08-08 at the Wayback Machine." China Post. October 5, 2007. Retrieved on February 18, 2013.
^"China's BTG Hotels to acquire economy hotel chain Homeinns for $1.7 bln". Reuters. 2015-12-08. Retrieved 2018-01-25.
^"Homeinns Hotel Group Announces Completion of Going Private Transaction"
^Tschang, Chi-Chu. "Empty Beds in China: Olympic Vacancies Haunt Beijing Hotels." Spiegel Online. August 20, 2008. Retrieved on February 18, 2013. "Most of the new hotels being added in Beijing are the projects of local investors who are copying Home Inn, China's first and largest budget hotel chain, and trying to build their own budget hotel chain that targets business travelers who want affordable yet comfortable lodging."
"Exhibit 99.1 Homeinns Enters into Definitive Merger Agreement"
"AGREEMENT AND PLAN OF MERGER among BTG Hotels Group (HONGKONG) Holdings Co., Limited, BTG Hotels Group (CAYMAN) Holding Co., Ltd, Homeinns Hotel Groupand, solely for the purposes of Section 6.02(e), Section 6.08, Section 6.09, Section 8.06, Section 9.09 and Section 9.10, BTG Hotels (Group) Co., Ltd. Dated as of December 6, 2015"
homeinns, hotel, chain, china, part, hotels, headquarters, xuhui, district, shanghai, company, typesubsidiaryindustryhotelsfounded2002, 2002, beijing, chinaheadquarters124, caobao, road, xuhui, district, shanghai, chinaarea, servedchinaparentbeijing, tourism, . BTG Homeinns is a hotel chain in China 1 It is a part of BTH Hotels and its headquarters are in the Xuhui District Shanghai 2 3 BTG HomeinnsCompany typeSubsidiaryIndustryHotelsFounded2002 2002 in Beijing ChinaHeadquarters124 Caobao Road Xuhui District Shanghai ChinaArea servedChinaParentBeijing Tourism GroupWebsitebthhotels wbr com wbr en Homeinns Hotel GroupSimplified Chinese如家酒店集团Traditional Chinese如家酒店集團Literal meaningLike Home Hotel GroupTranscriptionsStandard MandarinHanyu PinyinRujia Jiǔdian Jituan Contents 1 History 2 Operations 3 References 4 Further reading 5 External linksHistory edit nbsp Home Inn headquarters alongside a Yitel Hotel Ctrip com co founders Neil Shen and Ji Qi co founded the chain in 2001 4 5 and it began in 2002 3 Private equity funded the hotel chain 6 In October 2006 it was listed on Nasdaq in the United States IDG Ventures invested in the company causing it to raise 109 million U S dollars in its 2006 Nasdaq listing 4 In 2007 Home Inn considered building hotels in Taiwan 7 In October 2007 Home Inn purchased Top Star a hotel company that had been established two years prior The transaction netted Home Inn an additional 26 hotels As of 2008 the company had around 250 hotels and Home Inn Motel 168 and Jinjiang Inn together controlled 44 of China s budget hotel market At that time the company planned to increase the number to 1 000 and to open outlet in other Asian countries 4 The chain acquired Motel 168 in October 2011 3 In December 2015 BTG Hotels of the Beijing Tourism Group announce will acquire Home Inn chain for 11 billion renminbi 1 7 billion U S dollars 8 In April 2016 Home Inn completed the Going Private Transaction and sold to BTG Hotels 9 Operations editHome Inn is the largest budget hotel chain in China and it was the first budget chain that was established in China 10 Brands include Home Inn Chinese 如家酒店 pinyin Rujia Jiǔdian Motel 168 Yitel 和颐酒店 Heyi Jiǔdian and Fairyland Hotel simplified Chinese 云上四季连锁酒店 traditional Chinese 雲上四季連鎖酒店 pinyin Yunshang Siji Liansuǒ Jiǔdian Yitel is a business oriented brand of Home Inn 11 References edit Company Profile for Home Inns amp Hotels Management Inc bloomberg com Retrieved 1 September 2014 联系我们 BTG Hotels Retrieved on January 25 2018 地址 上海市徐汇区漕宝路124号 a b c Investor Relations Home Archived 2015 02 22 at the Wayback Machine Archive Home Inn Retrieved on February 18 2013 Headquarters Home Inns amp Hotels Management Inc No 124 Cao Bao Road Xu Hui District Shanghai 200235 PRC Chinese address 上海市徐汇区漕宝路124号 a b c Shen Samuel China s booming budget hotels profit from no frills Archive Reuters January 16 2008 Retrieved on February 18 2013 Home Inn Hotels looks to Nasdaq for US 80m South China Morning Post 2006 10 06 Retrieved 2023 06 19 Loesekrug Pietri Andre Importance of differentiation China Daily January 21 2013 Retrieved on February 18 2013 The best credentials for it are that almost all entrepreneurial success stories Baidu Ctrip Lining Belle Home Inn just to mention a few have been funded by private equity funds DPA China s Home Inn chain mulls building in Taiwan Archived 2014 08 08 at the Wayback Machine China Post October 5 2007 Retrieved on February 18 2013 China s BTG Hotels to acquire economy hotel chain Homeinns for 1 7 bln Reuters 2015 12 08 Retrieved 2018 01 25 Homeinns Hotel Group Announces Completion of Going Private Transaction Tschang Chi Chu Empty Beds in China Olympic Vacancies Haunt Beijing Hotels Spiegel Online August 20 2008 Retrieved on February 18 2013 Most of the new hotels being added in Beijing are the projects of local investors who are copying Home Inn China s first and largest budget hotel chain and trying to build their own budget hotel chain that targets business travelers who want affordable yet comfortable lodging Huo Jiazhen and Zhisheng Hong Service Science in China Springer Science amp Business Media January 6 2013 p 355 ISBN 3642344976 9783642344978 Further reading editSecurities and Exchange Commission United States Exhibit 99 1 Homeinns Enters into Definitive Merger Agreement AGREEMENT AND PLAN OF MERGER among BTG Hotels Group HONGKONG Holdings Co Limited BTG Hotels Group CAYMAN Holding Co Ltd Homeinns Hotel Groupand solely for the purposes of Section 6 02 e Section 6 08 Section 6 09 Section 8 06 Section 9 09 and Section 9 10 BTG Hotels Group Co Ltd Dated as of December 6 2015 External links edit nbsp Media related to Home Inn at Wikimedia Commons Official website Historical business data for Home Inn SEC filings Portals nbsp China nbsp Companies nbsp Hotels Retrieved from https en wikipedia org w index php title BTG Homeinns amp oldid 1220553511, wikipedia, wiki, book, books, library,
