7 Days Group Holdings Limited, operating as 7 Days Inn (), is a Chinese budget hotel chain. It was established in 2005. It has its headquarters in the Creative Industry Zone in

Haizhu District Haizhu District is one of 11 urban districts of the prefecture-level city of Guangzhou, the capital of Guangdong Province, China. Geography Haizhu District is located in the southern part of Guangzhou city. After the adjustment of Guangzhou' ...

Guangzhou Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about nor ...

History

7 Days Inn was established in 2005. Guangzhou was the location of the company's founding. In 2006,

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

invested US$10 million. In 2007,

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

, and Warburg Pincus further invested a combined total of US$95 million. In 2008,

Actis Capital Actis LLP is a global investment firm focused on sustainable infrastructure, in particular the energy, infrastructure, and real estate asset classes. It is focused on investments in emerging markets in India, Latin America, South East Asia, the ...

led a US$65 million investment in 7 Days Inn, in which Warburg Pincus again participated. Despite losses amounting to ¥209.9 million (US$30.8 million) in 2008 and ¥9.3 million (US$1.4 million) in the first three quarters of 2009, it listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

in September 2009, issuing 10.1 million American Depositary Shares (representing 20.6% of the company) at US$11/share, raising a total of $111.1 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. In July 2013, the founders of 7 Days Inn, Mr. Boquan He, Mr. Nanyan Zheng, Mr.

Chien Lee Chien Lee () is a Chinese-American entrepreneur, investor, and sports team owner. He has built a multi-club ownership model, owns multiple professional European Association football, football clubs and is a well-known investor in European footbal ...

, Ms. Qiong Zhang together with

Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

and

Sequoia Capital Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had appro ...

took 7 Days Inn private for US$688 million and 7 Days Inn became the Plateno Hotels Group; this meant 7 Days Inn was no longer listed on the

. 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 The renminbi ( ; currency symbol, symbol: Yen and yuan sign, ¥; ISO 4217, ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the China, People's Republic of China. The renminbi is issued by the Peop ...

(US$1.3 billion), which meant it now controlled 7 Days Inn.

Overview

7 Days Inn is based in

Guangdong ) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...

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, As of 2009 its CEO is Zheng Nanyan. by end of 2014, 7 days Inn had 2000 hotels in 320 cities and became one of the largest budget hotel chain in China 7 Days Inn is a sponsor of the French football club

OGC Nice Olympique Gymnaste Club de Nice (), commonly referred to as OGC Nice or simply Nice, is a French professional association football, football club based in Nice. The club was founded in 1904 and currently plays in Ligue 1, the top tier of Footb ...

.Days Inn & OGC Nice strategically cooperate in expanding global market"
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References

External links

7 Days Inn

Corporate information
{{Hotel chains 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