greentree
Saving on Utility Bills in Hotels
Sam Reed | December 18, 2019
There are close to 50,000 hotels and motels in the United States, and they spend around 6 percent of their operating costs on energy each year, according to Energy Star. Most of that is used for lighting and climate control. Because hotels and motels operate 24 hours per day, those two things run almost constantly. Making a few energy-efficient changes can make a big difference. Energy consumption at hotels also accounts for 60 percent of its carbon footprint. Upgrade your lighting Most of the changes to lighting can be done inexpensively while cutting a hotel’s energy bill by as much as 20 percent, according to Carbon Trust. Car...
GreenTree to Acquire Majority Stake in Argyle Hotel Management Group (Australia) Pty Ltd.
GreenTree Hospitality Group Ltd. | January 28, 2019
SHANGHAI, Jan. 28, 2019 -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading franchised and managed hotel chain in China, today announced that it has entered into a share purchase agreement to become a major shareholder of Argyle Hotel Management Group (Australia) Pty Ltd. ("Argyle"), an owner and operator of hotels in China and South East Asia. Mr. Kevin Zhang, its founder and CEO and his management team will remain one of the largest shareholders of Argyle, and become an integral part of GreenTree's management team. This transaction is subject to customary closing ...
