China Lodging Group, Limited (China Lodging) is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, it directly operates hotels typically located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers it appoints and collects fees from franchisees. Under the franchise model, it provides training, reservation and support services to the franchised hotels and collect fees from franchisees but do not appoint on-site hotel managers. The Company had approximately 565 leased hotels, 835 manachised hotels and 25 franchised hotels in operation and 63 leased hotels and 350 manachised hotels under development. The Company’s group of hotels is Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, HanTing Hotel and Hi Inn.