Home Inns To Open Over 260 New Hotels In 2011
Home Inns & Hotels Management Inc, one of the largest budget hotel brands in China, has announced plans to open a total of 260 to 280 new hotels in 2011, as part of its efforts to expand its presence in the country.
Taiwan's Formosa International Hotels To Acquire Regent Brand
Formosa International Hotels Corporation has announced that it will acquire the Regent luxury hotel business from Carlson and the Rezidor Hotel Group AB at a price of USD56 million.
Gloria Hotels And Resorts Inks Agreement For New Property In Lushan
A grand signing ceremony has been held at Gloria Grand Nanchang in celebration of the Gloria Resort Lushan franchise agreement between Gloria Hotels and Resorts and the hotel’s owner, Jiujiang Sida Hotel Management Company.
Home Inns Plans 200 Hotels For 2010
Sun Jian, the CEO of Home Inns & Hotels Management, has told local media that the company is expecting to open 200 hotels in 2010, especially in second-tier Chinese cities.
Home Inns Expands In Northwest China
The chief operating officer of Home Inns, Jason Zong, has announced the group's strategy of expanding in Northwest China, and has also revealed its new franchise system.
USD65 Million Investment In E-Commerce From 7 Days Inn
Zheng Nanyan, CEO of 7 Days Inn, has announced the the budget hotel group will invest the USD65 million funding that the company acquired in 2008 on creating an e-commerce platform.
Super 8 Closes Chongqing Hotel
Super 8, one of the largest budget hotel groups in the world, has closed its only hotel in Chongqing.
Home Inns Lowers Expectation For Fourth Quarter
According to foreign media, Home Inn has published an updated report on its results for the fourth quarter of 2008 and as a result of global financial crisis, it has lowered its expectations for both total revenue and RevPAR in that period.
IHG Introduces New Hotel Brand To Asia Pacific — Hotel Indigo
InterContinental Hotels Group has introduced its Hotel Indigo brand to the Asia Pacific region.
Bringing The Hotel Room Of The Future To Today's Chinese Traveler
Mitchell Presnick runs Super 8 Hotels (China) Co. Ltd. The company has been growing fast in the China market and is quickly becoming one of the top economy hotel chains in the country.
Home Inns Shows Chinese Budget Hotels Have Solid Growth
Chinese budget hotel chain Home Inns & Hotels announced its unaudited financial results for the quarter ended June 30th, 2008 and says total revenues for the quarter increased 93.0% year-over-year to CNY448.1 million, including revenues of CNY38.4 million from its Top Star hotel chain which they acquired last year.