GreenTree Inn Hotel Marches into Japan, Allies with Weekly Mansion Tokyo

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. July 28, 2010

Shanghai, China - 27, July, 2010 - GreenTree Inn Hotel Management Group Inc.(short for GreenTree Inn Hotel) announced that it would march into Japanese market this year, and ally with Weekly Mansion Tokyo( short for WMT), Japanese well-known business hotel chain.

Both parties believe it is convenient for Japanese people to visit Expo when GreenTree Inn and WMT promote cooperation at this moment. This cooperation includes short-term and long-term cooperation. Short-term cooperation includes both parties' official websites cooperation and promotion, hotel brand promotion and hotel facilities support; long-term cooperation, on the premise of customers' benefits maximization, includes both parties members can enjoy GreenTree Inn Hotel and WMT preferential promotions. At the same time, both parties will have mutual training and communication.

This cooperation aims to enhance both parties brand competitiveness and create the best operation mode. For this cooperation and future prospect, GreenTree Inn Hotel and WMT have positive attitude and good expectation that both parties become cooperation parties and create allied brand.

WMT operated short-term serviced apartment rental since 8th, July, 1999, and the total number of serviced apartment rooms accounted to 3,800 in October. In 2001, Flex Stay and The Mansions brands were put on the market. WMT marched into serviced apartment market. In 2005, Hotel My Stays was into market, which means WMT marched into hotel market. WMT has enjoyed great popularity in Japan. Its target consumers are businessmen, visitors and individual customers. Currently, WMT has 550 rooms in Tokyo, aiming to provide convenient, economic serviced apartment.

GreenTree Inns Hotel Management Group, an affordable and high-quality hotel chain in China, was established by several American investment enterprises. It is the only hotel enterprise in China wholly owned by foreigners that stands at the very top of hotel industry. In Nov. 2004, GreenTree Inns opened its first hotel in China. At the end of 2007, GreenTree Inns owned over 200 hotels. By 2008, GreenTree Inns expanded to 300 locations, with 4 sub-brands including Business Hotel, Service Apartment, Shell Inn and GreenTree Alliance. At the end of 2009, GreenTree Inns covered more than 100 large and middle scale cities such as Beijing and Shanghai with 510 chain hotels altogether, over 260 of which were open for business. Most of the room prices range from 180 to 280 RMB, or a promotional rate for new members at 99.8RMB. GreenTree Inns aims to provide 4S hotel service through “superior healthy, superior comfort, superior value and surpassing expectations.” GreenTree Inns has more than 1.5 million registered and paid memberships and the number is still increasing rapidly.

Both sides had good impression on the first sight. WMT person in charge said, GreenTree Inn Hotel is developing in rapid speed in recent years, especially in Yangtze River Delta region, and a huge boost of its brand popularity, all which attract WMT's close attention and interest. What's more, GreenTree Inn Hotel has been planning to develop overseas markets. This cooperation lays an important foundation for international business development.