First GreenTree Suite Debuts in Shanghai

First value service apartment chain in China with rate starts at $570 per month

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. October 14, 2008

SHANGHAI, March 29, 2008. GreenTree Suite Hongqiao, a 200+room, 8-story service apartment, opened this weekend in the bustling upscale center of Shanghai. About 2 kilometers away from Hongqiao international airport of Shanghai, adjacent to expatriate concentrated commercial and retail centers in Hongqiao area, this upscale but value service apartment hotel is a great addition to this popular area of Shanghai, offering a combination of facilities, services and amenities designed to meet the needs of longer staying business and leisure travelers. GreenTree Suite is the first sister company of GreenTree Inn which has about 220 hotels in China. Founded by Alex Xu and his partners to fill in the vacant space in the value service apartment chain in China, it is in a rapid stage of growth under Ms. Ning Tao, the company CEO. It has several properties under developments currently in Beijing, Shanghai and Tianjin with combined room counts of 1200. The company plans to expand to 5000 rooms by the end of 2008.

Amenities include onsite restaurant, full and functional western style lobby for quick check in and out, different sizes of meeting rooms, business center with ticket arrangement for your travel, a self serviced laundry and drying facility. Free high-speed fiber optic internet access will alleviate your communication need on the road with your home office. One of the significant benefits you will get is your personal professional bilingual housekeeper. She will take care of all of your staying needs while you live in the community. GreenTree suite understands how difficult it is for you to stay abroad. So it arranges activities to fill your spare time with culture education and fun. You can make new friends, start new networks all from here.

The hotel opens in time to host many of the spectators to soccer games of 2008 Beijing summer Olympic and 2010 Shanghai world expo. For detailed information, please visit the website of www.GreenTreeSuite.com or call +86 21 3617-4888 for international reservation.

ABOUT GREENTREE INNS and SUITES

GreenTree Inns (www.GreenTree.Com.cn) is the first upscale and value business hotel chain built by Alex Xu and his companies in 2004. The mission is to deliver upscale and affordable hotel products and services. Priced between $20 to $40 per night in downtown areas of major cities in China, it quickly became an ideal choice for business travelers from domestic and abroad.

The first GreenTree Inn was opened at Nov 2004. The company has since added more than 220 hotels spread in 60 cities of China. 75 are opened and 145 hotels are under construction. It plans to add 200 hotels in 2008 which brings the total hotels to 400. GreenTree Inn now has 22 hotels in Beijing with 3000 rooms ready for 2008 Beijing Olympic Game. In addition, GreenTree Inn rolled out its second stage of development plan for more hotels in India, Indonesia, and Vietnam.

GreenTree Suites was founded by Alex Xu and his partners at the end of 2007 to meet the needs of many longer staying business and leisure travelers. It is managed by its CEO Ms. Ning Tao, a great business leader in China. For detailed information, please visit www.GreenTreeSuite.com.

For details, please contact our media relations at +86-21-3617-4888 extension 6301 or [email protected].