Wanda Hotel Development

What Wanda Hotel Development does

Wanda Hotel Development Company Limited (HKSE: 169) is a Bermuda-incorporated, Hong Kong-listed investment holding company whose subsidiaries are principally engaged in hotel operation and management, hotel design and construction management services, and investment property leasing in the People's Republic of China. Originally listed in 2002 as Hengli Commercial Properties (Group) Limited, the company was renamed in October 2014 after Dalian Wanda Commercial Properties Co., Ltd. became the controlling shareholder in June 2013. The company's hotel operations have been run through Wanda Hotel Management (HK) Co., Ltd., a hotel services provider managing nine hotel brands covering 204 properties with 40,200 rooms plus 376 hotels under contract across the PRC. In addition to the hotel platform, the group holds the Guilin Wanda Plaza investment property.

The business model is B2B and contract-based: revenue is generated through hotel management and operations agreements with property owners, professional services fees for hotel design and construction management, and rental income from the Guilin Wanda Plaza asset. Distribution is via direct B2B sales contracts with hotel property owners and developers, with the Wanda Hotels & Resorts brand umbrella and the broader Dalian Wanda Group ecosystem serving as primary relationship and pipeline channels. Pricing is not publicly disclosed, consistent with bespoke management agreements.

In April 2025, Wanda Hotel Development announced the sale of its hotel management, design, and construction business to Tongcheng Travel Holdings for 2.5 billion yuan (approximately $342 million), together with a proposed share premium cancellation and special dividend. This transaction represents a major strategic divestiture as part of Dalian Wanda Group's broader asset-sale and debt-reduction program, and is expected to materially reshape the listed entity into a smaller holdco centered on the Guilin Wanda Plaza investment property.

Name

Wanda Hotel Development

Legal name

Wanda Hotel Development Company Limited

Website

https://wanda-hotel.com.hk

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Wanda Hotel Development (HKSE: 169) is a Hong Kong-listed investment holding company managing nine hotel brands across 204 properties and 40,200 rooms in China through B2B management contracts with property owners, with hotel operations operated by subsidiary Wanda Hotel Management (HK) Co., Ltd.

Ownership category

akta.pro rank

Product category

Hotel Management Services

NAICS

Hotels (except Casino Hotels) and Motels (72111), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Hotels & Motels (7011), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

Keywords

• Hotel management services
• Hotel design construction
• Investment property leasing
• Hospitality operations
• Hotel brand management

Headquarters

HQ city

Central

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hotel Management and Operations: Revenue generated from hotel management and operations services provided to hotel properties under management contracts. The company operates hotels and provides management services to property owners.
2. Hotel Design and Construction Management Services: Fees earned from providing hotel design and construction management services for new hotel developments and renovations.
3. Investment Property Leasing: Rental income from investment property assets, including the Guilin Wanda Plaza project held in China.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Wanda Hotel Development Company Limited is an investment holding company that engages in hotel operation and management, hotel design and construction management, and investment property leasing. The company operates a portfolio of 9 hotel brands across 204 properties with 40,200 rooms, with an additional 376 hotels under contract, primarily through its hotel management subsidiary Wanda Hotel Management (HK) Co., Ltd.

Product overview

Wanda Hotel Development Company Limited is a Hong Kong-listed investment holding company (HKSE: 169) that was primarily engaged in hotel operation and management, hotel design and construction management services, and investment property leasing in China. The company's hotel businesses were operated by Wanda Hotel Management (HK) Co., Ltd., a leading hotel services provider in the PRC. The company also held the Guilin Wanda Plaza investment property in China. In 2025, the company agreed to sell its hotel management, design, and construction business to Tongcheng Travel Holdings for 2.5 billion yuan ($342 million), gaining nine hotel brands covering 204 properties with 40,200 rooms plus 376 hotels under contract.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Operation and Management Day-to-day management and operation of hotel properties, delivered by Wanda Hotel Management (HK) Co., Ltd. for property owners, real estate developers, and hotel investors seeking professional hospitality operators.
• Hotel Design and Construction Management Consulting and management of hotel design and construction projects, provided to developers and property owners building or renovating hotel assets.
• Investment Property Leasing Leasing of owned investment properties to generate rental income from commercial real estate tenants and hotel operators.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Tongcheng Travel HoldingsmajorStrategic or Co-development Partner · 24 April 2025Tongcheng Travel Holdings agreed to acquire Wanda Hotel Development's hotel management, design, and construction business for 2.5 billion yuan ($342 million). The deal includes nine hotel brands covering 204 properties with 40,200 rooms plus 376 hotels under contract. This represents a major strategic transaction for Wanda as it continues selling assets to meet bond repayment deadlines and creditor obligations.

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Others

• Tongcheng Travel Holdings: China's leading online travel platform and the announced acquirer of Wanda Hotel Development's hotel management business for ~$342M. Adjacent ecosystem participant that is becoming a direct operator through this acquisition.

Direct peers

• Jin Jiang International: China's largest hotel group by number of rooms, operating budget and mid-scale brands (Jin Jiang Inn, Vienna, etc.). Closely comparable to Wanda's nine-brand, 200+ property PRC hotel management footprint.
• GreenTree Hospitality Group: Listed Chinese hotel management and franchise company with hundreds of properties under multiple brands. Comparable scale and business model to Wanda's hotel management and operations platform.
• BTG Homeinns Hotels Group: Major Chinese mid- and economy-scale hotel operator (Home Inn, Yitel, Crystal Orange). Comparable to Wanda as a multi-brand PRC hotel operator and franchise management company.
• H World Group (formerly Huazhu Group): One of China's largest multi-brand hotel operators (HanTing, Ji Hotel, Steigenberger, etc.) with thousands of properties. Directly comparable to Wanda Hotel Development as a Chinese multi-brand hotel management and franchise platform.
• Atour Lifestyle Group: Upper-mid-scale Chinese hotel brand and operator (Atour, Atour S, A.T. House). Comparable to Wanda as a multi-brand Chinese hotel operator focused on management and franchise contracts.
• Plateno Group (7 Days Inn parent): Chinese multi-brand hotel operator (7 Days Inn, Lavande, James Joyce Coffetel) with a large PRC property footprint. Directly comparable multi-brand hotel management model in the same market as Wanda.

Broad incumbents

• Dalian Wanda Commercial Management Group: Sister company under the Dalian Wanda Group parent and a major PRC commercial property and asset manager. Comparable in the broader Wanda ecosystem as a real estate services and property management player, though operating at much larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wanda-hotel-development-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wanda Hotel Development