The Story So Far
Established in 2002, Home Inns (HMIN) is a leading economy hotel chain in China that develops and operates economy hotels across China. The company operates under 3 major brands: i) Home Inn ii) Yitel & iii) Motel 168. As of December 31, 2012, HMIN had 1,772 hotels in operation, including 803 leased-and-operated hotels and 969 franchised-and-managed hotels, with ~ 214,070 rooms located in 253 cities across China, and an additional 241 hotels under development.
What are the key Investment Highlights of HMIN?
Undisputed Market Leader: HMIN is the undisputed market leader in the economy segment with a market share of 23.1% by room count.
Emerging Market Dynamics: HMIN has witnessed strong unit...