GreenTree Hospitality Group

General Information
Business:

We are the leading pure play franchised hotel operator in China as franchised-and-managed hotels represent almost all of the hotels in our hotel network. In 2016, we were 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, we 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 our network as of those dates being franchised-and-managed hotels. As of December 31, 2017, our 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.

Industry: HOTELS & MOTELS
Employees: 2259
Founded: 2004
Contact Information
Address 2451 Hongqiao Road, Changning District, Shanghai 200335, People’s Republic of China
Phone Number +86-21-3617-4886
Web Address http://www.998.com
View Prospectus: GreenTree Hospitality Group
Financial Information
Market Cap $1421.7mil
Revenues $119.6 mil (last 12 months)
Net Income $43.9 mil (last 12 months)
IPO Profile
Symbol GHG
Exchange NYSE
Shares (millions): 10.2
Price range $14.00 - $14.00
Est. $ Volume $142.8 mil
Manager / Joint Managers Morgan Stanley/ BofA Merrill Lynch/ UBS Securities
CO-Managers ICBC International
Expected To Trade: 3/27/2018
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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