Home Inn


Homeinns Co., Ltd, doing business as Home Inns Group or Home Inns & Hotels Management Inc., is a hotel chain in China. It is a part of BTH Hotels and its headquarters are in the Xuhui District, Shanghai. Its English slogan is "your home away from home."
Home Inn is the largest budget hotel chain in China, and it was the first budget chain that was established in China.

History

Ji Qi founded the chain in 2001, and it began in 2002. Private equity funded the hotel chain. 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.
In 2007 Home Inn considered building hotels in Taiwan. 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. The chain acquired Motel 168 in October 2011.
In December 2015 BTG Hotels announce will acquire Home Inn chain for 11 billion renminbi.
In April 2016, Home Inn completed the Going Private Transaction and sold to BTG Hotels.

Operations

Brands include Home Inn, Motel 168, Yitel, and Fairyland Hotel.
Yitel is a business-oriented brand of Home Inn.