GreenTree Hospitality Group Ltd. GHG

What this company does

GreenTree licenses its hotel brands to property owners, lessors and existing hotel operators who become its franchisees, granting them the right to use its brand name, logo, operating manuals and procedures. As of December 31, 2025, its hotel network consisted of 4,580 hotels with 327,060 rooms in operation across 355 cities in China, plus an additional 1,260 hotels with 87,540 rooms contracted for or under development. As of December 31, 2025, 4,535 of its hotels, or 99% of those in operation, were franchised-and-managed. It had 2,287 employees in its hotel business as of December 31, 2025. In 2023, GreenTree completed its acquisition of Da Niang Dumplings and Bellagio, two restaurant chain businesses in China. As of December 31, 2025, its restaurant business had 191 locations in 53 cities. Its restaurant business had 323 employees as of December 31, 2025. It began its hotel business in the PRC in September 2004 through GreenTree Inns Hotel (Weihai) Management Group Inc., a company incorporated in November 2003.

Written from the business description in GreenTree Hospitality Group Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.