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China Lodging Group announces its preliminary results for hotel operations in Q4 of 2014

01/14/2015| 6:02:11 PM| 中文

SHANGHAI, China, Jan. 12, 2015 -- China Lodging Group today announced its preliminary results for the hotel operations in the fourth quarter ended December 31, 2014.

Hotel Development

Number of hotels in operationNumber of rooms in operation
 Opened Closed (1) Net added As of Net added (2)As of 
 in Q4 2014in Q4 2014in Q4 2014December 31, 2014in Q4 2014December 31, 2014
Leased hotels 8 (1)7 611 336 72,335
Manachised hotels 141 (2) 139 1,376 11,945 136,689
Franchised hotels(3) -- --  --  8 --  931
Total 149 (3) 146 1,995 12,281 209,955

(1) Three hotels were closed in the fourth quarter. Among those, a leased hotel was transformed to a manachised hotel; and two manachised contracts were terminated.
(2) A total of 1,260 hotel rooms were in renovation during the fourth quarter, which posed a short-term negative impact on hotel revenues. 
(3) refers to franchised Starway hotels

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TAGS: China Lodging Group | hotel | financial results
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