Motel 168
| Headquarters | China |
|---|---|
| Products | Hotels |
Motel 168(Chinese:Mạc thái 168;pinyin:Mòtài 168) is a hotel brand ofHome Inn.It used to belong to Shanghai Motel Management Co., Ltd. The company was owned by Shanghai Merrylin Restaurant Management Co., Ltd (S: Thượng hải mỹ lâm các xan ẩm kinh doanh quản lý hữu hạn công tư ) and Merrylin Hotel Management Co., Ltd.[1]The Shanghai Merrylin company had its headquarters inChangning District,Shanghai.[2]
History
[edit]
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In 2006Morgan Stanleypurchased 20% of the Motel 168 company for $20 millionUnited States dollars.Morgan Stanleybought shares of Motel 168 two additional times to give it a total ownership of 59%.[3]
As of 2008, Motel 168,Home Inn,andJinjiang Inntogether controlled 44% of China's budget hotel market.[4]In March 2011Morgan Stanleyindicated its desire to sell the company, soHome Inn,Hanting Hotel Group,andShanghai International Jin Jiang Hotel Group,andAccorwere among potential bidders which expressed interest in acquiring Motel 168.[3]Home Inn acquired Motel 168 in October 2011.[5]
Operations
[edit]Motel 268was the economy brand of Motel 168. Jiazhen Huo and Zhisheng Hong, authors ofService Science in China,wrote that 268 was a part of the company's multi-branding strategy.[6]Motel 168 locations included Merrylin Cafeteria, which served European-esque food.[1]
References
[edit]- ^ab"Introduction"(Archive). Motel 168. June 13, 2007. Retrieved on June 30, 2014.
- ^"Contact"(Archive). Shanghai Merrylin Restaurant Management Co., Ltd. March 10, 2005. Retrieved on July 30, 2014. "Room 3105-3106, No.1088 West Yan'an Road, Shanghai" -Chinese address(Archive): "Thượng hải thị diên an tây lộ 1088 hào 3105-3106 thất"
- ^abShi, Yingying. "Budget hoteliers eye Motel 168 chain"(Archive).China Daily.March 22, 2011. Retrieved on July 30, 2014.
- ^Shen, Samuel. "China's booming budget hotels profit from no frills"(Archive).Reuters.January 16, 2008. Retrieved on February 18, 2013.
- ^"Investor Relations HomeArchived2015-02-22 at theWayback Machine"(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" -Chinese address:"Thượng hải thị từ hối khu tào bảo lộ 124 hào"
- ^Huo, Jiazhen and Zhisheng Hong.Service Science in China.Springer Science & Business Media,January 6, 2013. p.355.ISBN3642344976,9783642344978.
External links
[edit]- Motel 168
- Motel 168(Archive) - English investors' site
- Motel 168(Archive)(in Chinese)
- Motel 168(Archive)(in Chinese)
