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# China?s Homeinns group acquired
- URL: https://hospitality.pro/chinas-homeinns-group-acquired/
- Published: 2015-12-10T01:48:49.000Z
- Updated: 2015-12-09T05:06:45.000Z
- Author: Holedo
- Tags: Hospitality Industry News, News, Purchases and Sales, #wordpress, #Import 2026-04-16 12:15

China?s BTG Hotels Group said it will acquire domestic rival Homeinns Hotel Group for around 11 billion yuan (US$1.7 billion), saying that the economy hotel chain will round out its portfolio of brands.  
China?s hotel industry is consolidating amid fierce competition and a slowing economy. Homeinns, which owns 2,787 outlets under five brands, posted a 57 percent drop in net profit in the first nine months of the year.