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SHANGHAI , May 6, 2014 /PRNewswire/ -- Home Inns & Hotels Management Inc. (NASDAQ: HMIN) ("Home Inns Group" or "the Company"), a leading economy hotel chain operator in China , today announced that it has completed its previously announced acquisition of Yunshang Siji Hotel Management Company ("Yunshang Siji"). The acquisition closed on May 1, 2014 , with Home Inns Group acquiring 100% ownership of Yunshang Siji from Kunming Department Store (Group) Co., Ltd., a publicly listed company in the domestic A-share market, for cash purchase price of RMB 230 million , subject to customary adjustments.
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Hotel Management
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