XML 70 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Organization and Principal Activities (Tables)
12 Months Ended
Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Group's Major Direct and Indirect Subsidiaries of Investments

1.   ORGANIZATION AND PRINCIPAL ACTIVITIES (CONTINUED)

The Company and its subsidiaries are hereinafter referred to as the Group. The principal business activities of the Group are to develop leased-and-operated and franchised-and-managed economy hotels under the “GreenTree” brand in the PRC. The Group’s major direct and indirect invested subsidiaries consist of the following as of December 31, 2021:

    

    

Date of 

    

    

Incorporation, 

Percentage of 

Merger or 

Place of 

Major 

Major subsidiaries

Ownership

Acquisition

Incorporation

Operation

GreenTree Inns Hotel (Shanghai) Management, Inc.

 

100

%  

November 30, 2004

 

PRC

 

Hotel management

GreenTree Inns Hotel (China) Management, Inc.

 

100

%  

June 30, 2005

 

PRC

 

Hotel management

GreenTree Inns Jiangpu Hotel (Shanghai) Company Limited.

 

100

%  

August 9, 2005

 

PRC

 

Hotel management

Hexie (Changzhou) Hotel Management Co., Ltd.

 

100

%  

September 14, 2006

 

PRC

 

Hotel management

GreenTree Inns Hotel (Jiangsu) Management, Inc.

 

100

%  

January 30, 2007

 

PRC

 

Hotel management

GreenTree Inns Hotel (Changning) Management, Inc.

 

100

%  

January 30, 2007

 

PRC

 

Hotel management

GreenTree Inns Hotel (Tianjin) Co., Ltd.

 

100

%  

August 2, 2007

 

PRC

 

Hotel management

GreenTree Inns Hotel (Zhejiang) Management, Inc.

 

100

%  

August 13, 2007

 

PRC

 

Hotel management

GreenTree Inns Hotel (Beijing) Management, Inc.

 

100

%  

March 17, 2008

 

PRC

 

Hotel management

Shiruide Hotel Management (Shanghai) Co., Ltd.

 

100

%  

February 16, 2009

 

PRC

 

Hotel management

Jinan Dongrunbao Inns Management Co., Ltd.

 

100

%  

April 22, 2009

 

PRC

 

Hotel management

GreenTree Suites Management Corp (“GreenTree Suites”)

 

100

%  

June 30, 2009

 

Cayman Islands

 

Investment holding

Pacific Hotel Investment, Inc.(“PHI”)

 

100

%  

June 30, 2009

 

Samoa

 

Investment holding

GreenTree Inns Hotel Management Group, Inc. (“GreenTree Samoa”)

 

100

%  

October 28, 2010

 

Samoa

 

Investment holding

GreenTree Hotels (Hong Kong), Limited.

 

100

%  

February 17, 2011

 

Hong Kong

 

Investment holding

Shanghai Evergreen Technology Co., Ltd. ("Shanghai Evergreen")

 

100

%  

October 20, 2011

 

PRC

 

Information technology services

Shanghai Beifu Industrial Co., Ltd.

 

100

%  

February 25, 2014

 

PRC

 

Hotel management

Shenzhen Gegao Investment Management Co., Ltd.

 

100

%  

May 7, 2015

 

PRC

 

Investment holding

Yancheng Ruixin Hotel Management Co., Ltd.

 

70

%  

June 5, 2015

 

PRC

 

Hotel management

Shanghai Jingjia Hotel Co., Ltd.

 

100

%  

February 15, 2017

 

PRC

 

Hotel management

Shanghai Wumian Hotel Management Co., Ltd.

 

66.7

%  

January 16, 2018

 

PRC

 

Hotel management

Yancheng Zexin Hotel Management Co., Ltd.

 

51

%  

July 1, 2018

 

PRC

 

Hotel management

Foshan Baiqinghui Hotel Management Co., Ltd.

 

70

%  

August 31, 2018

 

PRC

 

Hotel management

GreenTree Hotel (Xuzhou) Co., Ltd.

 

100

%  

February 5, 2018

 

PRC

 

Hotel property

Banyan Hotel (Xuzhou) Co., Ltd.

 

100

%  

May 3, 2018

 

PRC

 

Hotel property

Suzhou Ganglongkaiyuan Hotel Management Co., Ltd.

100

%

May 31, 2019

PRC

Hotel property

Argyle Beijing

 

60

%  

April 1, 2019

 

PRC

 

Hotel management

Shandong Xinghui

 

70

%  

November 30, 2019

 

PRC

 

Hotel management

Shanghai Sipei Technology Co., Ltd. (“Shanghai Sipei”)

100

%

October 20, 2011

PRC

Information technology services