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Motel 168 () is a hotel brand of
. Motel 168. June 13, 2007. Retrieved on June 30, 2014. The Shanghai Merrylin company had its headquarters in
Budget hoteliers eye Motel 168 chain
. ''
China's booming budget hotels profit from no frills
Archive
. ''
"
Archive
. Home Inn. Retrieved on February 18, 2013. "Headquarters Home Inns & Hotels Management Inc. No.124 Cao Bao Road, Xu Hui District Shanghai 200235, PRC"
"上海市徐汇区漕宝路124号"
355
, 9783642344978. Motel 168 locations included Merrylin Cafeteria, which served European-esque food.
Motel 168
(Archive) - English investors' site
Motel 168
(Archive)
Motel 168
(Archive) 2011 disestablishments in China Hotel chains in China Motels {{Hotel chains
Motel 168 () is a hotel brand of Home Inn
Homeinns Co., Ltd, doing business as Home Inns Group or Home Inns & Hotels Management Inc. (; Nasdaq: HMIN), is a hotel chain in China. It is a part of BTH Hotels and its headquarters are in the Xuhui District, Shanghai.
. It used to belong to Shanghai Motel Management Co., Ltd. The company was owned by Shanghai Merrylin Restaurant Management Co., Ltd (S: 上海美林阁餐饮经营管理有限公司) and Merrylin Hotel Management Co., Ltd.Introduction. Motel 168. June 13, 2007. Retrieved on June 30, 2014. The Shanghai Merrylin company had its headquarters in
Changning District
() is a district of Shanghai. It has a land area of and had a population of 620,000 . The district government is located at 1320 Yuyuan Rd. Zhongshan Park is located in the district.
Economy
Shanghai Hongqiao International Airport is located ...
, Shanghai
Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...
.
History
In 2006Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
purchased 20% of the Motel 168 company for $20 million United States dollars
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
. Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
bought shares of Motel 168 two additional times to give it a total ownership of 59%.Shi, Yingying.Budget hoteliers eye Motel 168 chain
. ''
China Daily
''China Daily'' () is an English-language daily newspaper owned by the Central Propaganda Department of the Chinese Communist Party.
Overview
''China Daily'' has the widest print circulation of any English-language newspaper in China. ...
''. March 22, 2011. Retrieved on July 30, 2014.
As of 2008, Motel 168, Home Inn
Homeinns Co., Ltd, doing business as Home Inns Group or Home Inns & Hotels Management Inc. (; Nasdaq: HMIN), is a hotel chain in China. It is a part of BTH Hotels and its headquarters are in the Xuhui District, Shanghai.
, and Jinjiang Inn together controlled 44% of China's budget hotel market.Shen, Samuel.China's booming budget hotels profit from no frills
Archive
. ''
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world.
The agency was est ...
''. January 16, 2008. Retrieved on February 18, 2013.
In March 2011 Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
indicated its desire to sell the company, so Home Inn
Homeinns Co., Ltd, doing business as Home Inns Group or Home Inns & Hotels Management Inc. (; Nasdaq: HMIN), is a hotel chain in China. It is a part of BTH Hotels and its headquarters are in the Xuhui District, Shanghai.
, Hanting Hotel Group, and Shanghai International Jin Jiang Hotel Group, and Accor
Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide.
Accor ope ...
were among potential bidders which expressed interest in acquiring Motel 168. Home Inn acquired Motel 168 in October 2011.Investor Relations Home"
Archive
. Home Inn. Retrieved on February 18, 2013. "Headquarters Home Inns & Hotels Management Inc. No.124 Cao Bao Road, Xu Hui District Shanghai 200235, PRC"
"上海市徐汇区漕宝路124号"
Operations
Motel 268 was the economy brand of Motel 168. Jiazhen Huo and Zhisheng Hong, authors of ''Service Science in China'', wrote that 268 was a part of the company's multi-branding strategy.Huo, Jiazhen and Zhisheng Hong. ''Service Science in China''.Springer Science & Business Media
Springer Science+Business Media, commonly known as Springer, is a German multinational publishing company of books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing.
Originally founded in 1842 ...
, January 6, 2013. p355
, 9783642344978. Motel 168 locations included Merrylin Cafeteria, which served European-esque food.
References
External links
Motel 168
(Archive) - English investors' site
Motel 168
(Archive)
Motel 168
(Archive) 2011 disestablishments in China Hotel chains in China Motels {{Hotel chains