GreenTree Hospitality

GreenTree was founded in 2004 by Alex Xu along with a number of other American investment enterprises with the goal of establishing business-oriented hotels. By the end of 2007, only three years after opening its first hotel, they had over 200 locations in China. By the end of 2008, GreenTree had hotels in more than 60 cities with more than 300 hotels. This growth trend continued with 430 hotels in 2009 and 500 hotels in 2010. As of December 31, 2018, GreenTree's hotel network comprised 2,757 hotels with 221,529 rooms in China, covering 290 cities throughout all 27 provinces and autonomous regions in China.

GreenTree finished its IPO on the New York Stock Exchange on March 27, 2018.

In January 2019, GreenTree has entered into a share purchase agreement to become a major shareholder of Argyle Hotel Management Group Pty Ltd. whose network consists of eight mid-scale and upscale brands ranging from stylish business hotels to five-star luxury hotels.