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GreenTree Hospitality Group Ltd. (“GreenTree” or the “Company”) is the leading pure play franchised hotel operator in China. As of March 31, 2019, GreenTree had the highest proportion of franchised-and-managed hotels among the top four economy to mid-scale hotel networks in China, with 98.9% of the hotels in its network being franchised-and-managed hotels. In 2018, GreenTree was the fourth largest economy to mid-scale hotel group in China in terms of number of hotels and hotel rooms according to China Hospitality Association. The Company has built a strong “GreenTree Inns” brand as a result of its long-standing dedication to the hospitality industry in China and consistent quality of its services, signature hotel designs, broad geographic coverage and convenient locations. GreenTree has positioned its brands to appeal to value-and-quality-conscious business travelers and leisure travelers....More