GreenTree Inn has made new progress in its sprint for IPO。March 6，As informed，The hotel chain GreenTree Inn has submitted its prospectus，Planned to be listed in New York, USA in the second quarter of this year。Prospectus display，Greentree Inn’s 2017 revenue 7.7.8 billion yuan，2016 revenue 6.4.7 billion yuan，2015 revenue 6.3.4 billion yuan。

where，GreenTree Inn’s hotel rental and operating revenue in the fourth quarter of 2017 was 1.8.9 billion yuan，Franchised hotel revenue is 5.3.5 billion yuan。Greentree Inn’s total costs and expenses in 2017 were 4.0.5 billion yuan，Operating profit reaches 3.8.7 billion yuan，Operating profit margin reaches 50%，Net profit attributable to shareholders is 2.8.5 billion yuan。

There was news as early as November last year，Chinese-funded hotel operator GreenTree Inn launches initial public offering (IPO) project in New York，Planned to raise up to US$600 million。GreenTree has hired Morgan, an international financial services company established in New York, USA Stanley and Merrill of Financial Management Consulting Lynch participated in the preparations，Estimated to be available in the second quarter of 2018，The listing plan is to cooperate with the further expansion of the group。In fact，In 2011，Greentree plans to IPO in the United States，Planned to raise approximately 1.USD 500 million in funding，But it has never been successful。

It’s worth noting，This sprint IPO，GreenTree Chairman Xu Shuguang will hold all shares。Data display，GreenTree Hotel Management Group was founded in 2004，Is a large-scale professional hotel management group，owns Green Oriental Hotel、Gemei Hotel、Gaya Hotel、Geffey Hotel、GreenTree Inn Hotel、Green Alliance Hotel、8 brands and multiple 188bet sports betting app download sub-brands including Vatica Hotel and Shell Hotel。

Public data display，As of December 31, 2017，GreenTree Inn has 2289 hotels in total，Covering 263 cities at home and abroad，Satisfy customers from affordable to high-end、Various personalized needs from business travel to leisure vacation。Also，April 8 last year，Greentree Group and overseas private equity funds jointly inject capital 1.500 million yuan invested in Yibai Hotel Group。

188bet sports betting app download Greentree is heading to the U.S. for IPO》.