Greentree Hospitality Group Ltd (NYSE:GHG)

GHG is a leading pure play franchised hotel operator in China as franchised-and-managed hotels represent almost all of the hotels in the company's hotel network. In 2016, GHG was the fourth largest economy to mid-scale hotel group in China in terms of number of hotel rooms according to China Hospitality Association. As of December 31, 2017, the company had the highest proportion of franchised-and-managed hotels among the top four economy to mid-scale hotel networks in China, with 98.9% of hotels in its network as of those dates being franchised-and-managed hotels. As of December 31, 2017, the company's hotel network comprised 2,289 hotels with 190,807 rooms in China, covering all four centrally-administrated municipalities and 263 cities throughout all 27 provinces and autonomous regions in China, as well as an additional 306 hotels with 23,157 rooms that were contracted for or under development. Out of those 306 hotels, 129 hotels were contracted for, and the remaining 177 hotels were under development and are expected to commence operation by June 2018.

The brand portfolio comprises (i) mid- to up-scale brands including GreenTree Eastern founded in 2012, and newly launched Gme, Gya and VX brands with an aggregate of nine hotels being contracted; (ii) mid-scale brands including GreenTree Inns founded in 2004 and GreenTree Alliance founded in 2008; and (iii) economy brands including Vatica founded in 2013 and Shell founded in 2016.

Last updated February 28, 2018