Home Inns Grows to 134 Hotels
Senior Management to Present at Two Investment Conferences in January
JANUARY 26, 2007. Home Inns & Hotels Management Inc. (NASDAQ:HMIN) , a leading economy hotel chain in China, today announced that as of December 31st, 2006, Home Inns had a total of 134 hotels in operation in 39 cities, including 94 leased-and-operated hotels and 40 franchised-and-managed hotels. As of the same date, Home Inns had an additional 48 hotels under contract, of which 28 are leased-and-operated hotels and 20 are franchised-and-managed hotels.
''We are pleased to have added 27 hotels in operation to our hotel chain in the fourth quarter of 2006,'' said Mr. David Sun, Home Inn's Chief Executive Officer. ''We believe that the fragmentation in China's hotel market today presents many opportunities for us to expand our network going forward.''
On January 30, 2007, Ms. May Wu, Home Inn's Chief Financial Officer, will speak from 8:30am to 9:00am (PRC time) at the UBS Greater China Conference. The event will be held at the Pudong Shangri-la in Shanghai, China. Please contact your UBS representative to request an invitation to the conference.
Ms. Wu will also deliver a presentation at the Deutsche Bank Access China Conference on January 31, 2007 from 10:30am to 11:30am (PRC time) at the Grand Hyatt Hotel in Beijing, China. Please contact your Deutsche Bank representative to request an invitation to the conference.
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