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's ...

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

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, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over ...

invested US$10 million. In 2007, Merrill Lynch,

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

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

Actis Capital Actis is a global investment firm focused on the private equity, energy, infrastructure, and real estate asset classes. Actis is a signatory to the United Nations Principles for Responsible Investment (UNPRI), an investor initiative developed b ...

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 of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

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, Ms. Qiong Zhang together with

Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

and Sequoia Capital 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 Jin Jiang International (Holdings) Co., Ltd. is a Chinese state-owned tourism and hospitality company headquartered in Shanghai, China. The group operates Shanghai's Jinjiang Hotel, Peace Hotel, Park Hotel, and Metropole Hotel. Other chains ope ...

bought 81% of Keystone Lodging, the holding company of Plateno Hotels, now the parent company of 7 Days Inn, for 8.3 billion renminbi (US$1.3 billion), which meant it now controlled 7 Days Inn.

Overview

7 Days Inn is based in

Guangdong Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...

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.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