7 Days Inn
| Company type | Private |
|---|---|
| NYSE: SVN | |
| Industry | Hotel |
| Founded | 2005 |
| Headquarters | Guangzhou, Guangdong, China |
Number of locations | 4,600 (as December 2018) |
| Website | www.7daysinn.cn |
| 7 Days Group Holdings Limited | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 7天連鎖酒店集團 | ||||||||||
| Simplified Chinese | 7天连锁酒店集团 | ||||||||||
| |||||||||||
7 Days Group Holdings Limited,[1] operating as 7 Days Inn (Chinese: 7天酒店; pinyin: Qītiān Jiǔdiàn; Jyutping: Cat1tin1 Zau2dim3), is a Chinese budget hotel chain. It was established in 2005.[2] It has its headquarters in the Creative Industry Zone[3] in Haizhu District, Guangzhou.[4] [5]
History
[edit ]7 Days Inn was established in 2005. Guangzhou was the location of the company's founding.[6]
In 2006, Warburg Pincus invested US10ドル million. In 2007, Merrill Lynch, Deutsche Bank, and Warburg Pincus further invested a combined total of US95ドル million.[2] In 2008, Actis Capital led a US65ドル million investment in 7 Days Inn, in which Warburg Pincus again participated.[7] Despite losses amounting to 209円.9 million (US30ドル.8 million) in 2008 and 9円.3 million (US1ドル.4 million) in the first three quarters of 2009, it listed on the New York Stock Exchange in September 2009, issuing 10.1 million American Depositary Shares (representing 20.6% of the company) at US11ドル/share, raising a total of 111ドル.1 million. CEO Zhang retained a 13.4% stake. 7 Days Inns' failure to turn a profit up to that point meant they were unable to make an offering of A shares in China.[8]
In July 2013, the founders of 7 Days Inn, Mr. Boquan He, Mr. Nanyan Zheng, Mr. Chien Lee, Ms. Qiong Zhang together with Carlyle Group and Sequoia Capital took 7 Days Inn private for US688ドル million and 7 Days Inn became the Plateno Hotels Group;[9] this meant 7 Days Inn was no longer listed on the New York Stock Exchange.[6]
In 2015 Jinjiang Hotels bought 81% of Keystone Lodging, the holding company of Plateno Hotels, now the parent company of 7 Days Inn, for 8.3 billion renminbi (US1ドル.3 billion),[10] which meant it now controlled 7 Days Inn.[11]
Overview
[edit ]
7 Days Inn is based in Guangzhou, Guangdong China and founded in 2005, the hotel chain has grown from 5 hotels in 2 cities in 2005 to 283 hotels in 41 cities when it listed on the New York Stock Exchange in September 2009,[12] As of 2009 its CEO is Zheng Nanyan.[13] [8] by end of 2014, 7 days Inn had 2000 hotels in 320 cities and became one of the largest budget hotel chain in China[14] 7 Days Inn is a sponsor of the French football club OGC Nice.[15]
References
[edit ]- ^ "About." 7 Days Inn. Retrieved on October 24, 2012.
- ^ a b "China's 7 Days Inn gets 95ドル mln from three foreign investors", MarketWatch, 2007年09月05日, retrieved 2011年05月01日
- ^ 创意园; 創意園; Chuàngyìyuán; cong3 ji3 jyun4
- ^ "Company Profile Archived 2012年11月16日 at the Wayback Machine." 7 Days Inn. Retrieved on October 24, 2012. "5C-11 Creative Industry Zone, 397 XinGangZhong Road, Guangzhou, Guangdong 510310, People’s Republic of China"
- ^ "about_building.html Archived 2012年11月02日 at the Wayback Machine." (Select the "联系方式" tab) 7 Days Inn. Retrieved on October 24, 2012. "【总部】广州市海珠区新港中路397号TIT创意园5C大道11号"
- ^ a b Liu, Xiaozhuo (2013年07月18日). "7 Days economy hotel chain sold". China Daily . Retrieved 2018年01月25日.
- ^ "Actis, Warburg Pincus invest 65ドル million in 7 days inn"
- ^ a b Liu, Weixun (刘伟勋 Liú Wěixūn) (2009年11月23日), 亏损仍获投资者认可 7天酒店纽交所上市, The Economic Observer (in Chinese), retrieved 2011年05月01日
- ^ "7 Days Group Holdings Limited Announces Completion of Merger"
- ^ Ren, Shuli (2015年09月21日). "Why Shanghai Jinjiang Hotels Is A Buy". Barron's, Dow Jones & Company, Inc. Retrieved 2018年01月25日.
- ^ Eisen, David (2015年09月21日). "China's Jin Jiang buys controlling stake in budget 7 Days". Hotel Management. Archived from the original on 2020年09月20日. Retrieved 2018年01月25日.
- ^ "China hotel chain 7 Days IPO prices at top of range"
- ^ 郑南雁; 鄭南雁; Zhèng Nányàn
- ^ "Jin Jiang buys controlling stake in budget 7 Days"". Archived from the original on 2020年09月20日. Retrieved 2018年01月25日.
- ^ "7 Days Inn & OGC Nice strategically cooperate in expanding global market"
External links
[edit ]
- 7 Days Inn (in Chinese)
- Corporate information
- Hospitality companies established in 2005
- Hotels established in 2005
- Chinese companies established in 2005
- Companies formerly listed on the New York Stock Exchange
- Companies based in Guangzhou
- Hotel chains in China
- Chinese brands
- 2009 initial public offerings
- 2013 mergers and acquisitions
- The Carlyle Group companies
- Warburg Pincus companies