7 Days Group Holdings Limited,[1] operating as 7 Days Inn, is a Chinese budget hotel chain. It was established in 2005.[2] It has its headquarters in the Creative Industry Zone in Haizhu District, Guangzhou.[3][4]
7 Days Inn was established in 2005. Guangzhou was the location of the company's founding.[5]
In 2006, Warburg Pincus invested US$10 million. In 2007, Merrill Lynch, Deutsche Bank
In July 2013, the founders of 7 Days Inn, Mr. Boquan He, Mr. Nanyan Zheng, Mr. Chien Lee, Ms. Qiong Zhang together with Carlyle Group and Sequoia Capital took 7 Days Inn private for US$688 million and 7 Days Inn became the Plateno Hotels Group;[7] this meant 7 Days Inn was no longer listed on the New York Stock Exchange.[5]
In 2015 Jinjiang Hotels bought 81% of Keystone Lodging, the holding company of Plateno Hotels, now the parent company of 7 Days Inn, for 8.3 billion renminbi (US$1.3 billion),[8] which meant it now controlled 7 Days Inn.[9]
7 Days Inn is based in Guangzhou, Guangdong China and founded in 2005, the hotel chain has grown from 5 hotels in 2 cities in 2005 to 283 hotels in 41 cities when it listed on the New York Stock Exchange in September 2009,[10] As of 2009 its CEO is Zheng Nanyan.[11] By the end of 2014, 7 days Inn had 2000 hotels in 320 cities and became one of the largest budget hotel chain in China.[12] 7 Days Inn is a sponsor of the French football club OGC Nice.[13]
