{"id":34136,"date":"2006-11-16T07:56:16","date_gmt":"2006-11-15T23:56:16","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2006\/11\/16\/7-days-inn-begins-china-expansion\/"},"modified":"2006-11-16T07:56:16","modified_gmt":"2006-11-15T23:56:16","slug":"7-days-inn-begins-china-expansion","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2006\/11\/16\/34136\/","title":{"rendered":"7 Days Inn Begins China Expansion"},"content":{"rendered":"<p>Shenzhen-based budget hotel brand 7 Days Inn Group has initiated a nationwide expansion following a financing move with Warburg Pincus, which will invest US$20 million into the company.<!--more--><\/p>\n<p>7 Days Inn Group will open 10 chain hotels in succession in Beijing, Shanghai, Changsha, and Wuhan in the coming months. Zheng Nanyan, CEO of 7 Days Inn, told the media that with the opening of 7 Days Inn hotels in those cities, 7 Days Inn will formally launch its national strategy and will soon have its hotel number reach 40.<\/p>\n<p>Chi Miao, a representative from Warburg Pincus, told local media that the rapid growth, excellent gross profit rate and overwhelming dominant position of 7 Days Inn are the main reason that it attracted Warburg Pincus's investment.<\/p>\n<p>7 Days Inn was set up by American Venture Capital Investment and Guangdong Jinri Investment Company as a budget hotel group in Shenzhen in 2005. At present, it has 20 chain hotels and over 2000 rooms in China.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shenzhen-based budget hotel brand 7 Days Inn Group has initiated a nationwide expansion following a financing move with Warburg Pincus, which will invest US$20 million into the company.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34136","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34136"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34136\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}