Wanda Hotel Development
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.
- Company typePublic
- Founded2002
- HeadquartersCentral, Hong Kong SAR China
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
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.
Wanda Hotel Development firmographics
Firmographics- 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
Wanda Hotel Development industry classification
Industry- 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
Where Wanda Hotel Development is headquartered
LocationHeadquarters
- HQ city
- Central
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
Wanda Hotel Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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.
- Hotel Design and Construction Management Services: Fees earned from providing hotel design and construction management services for new hotel developments and renovations.
- 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
Wanda Hotel Development product offering
Product offeringCore 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.
Companies that use Wanda Hotel Development
Customer profileSegments1 record
Ideal customer profiles1 record
Wanda Hotel Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wanda Hotel Development partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tongcheng Travel HoldingsmajorTongcheng 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
Wanda Hotel Development competitors and assessment
Company assessmentOthers
- 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
Wanda Hotel Development social profiles
Digital presenceWanda Hotel Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wanda Hotel Development leadership team
Management profileNumber of profiles
Wanda Hotel Development subsidiaries and ownership
Company hierarchySubsidiaries2 records
Wanda Hotel Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wanda Hotel Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wanda Hotel Development
What does Wanda Hotel Development do?
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.
Is Wanda Hotel Development a public or private company?
Wanda Hotel Development is a public company. It is classified as public and is currently operating.
When was Wanda Hotel Development founded?
Wanda Hotel Development was founded in 2002. It employs 501 to 1,000 people.
Where is Wanda Hotel Development based?
Wanda Hotel Development is headquartered in Central, Hong Kong SAR China, in the Asia region.
How does Wanda Hotel Development make money?
Three revenue lines are on record. Hotel Management and Operations are the primary driver. The others are hotel Design and Construction Management Services and investment Property Leasing.
Who are Wanda Hotel Development's main competitors?
Tongcheng Travel Holdings is listed as an others. Direct peers are Jin Jiang International, GreenTree Hospitality Group, BTG Homeinns Hotels Group, H World Group (formerly Huazhu Group), Atour Lifestyle Group and Plateno Group (7 Days Inn parent). Dalian Wanda Commercial Management Group is listed as a broad incumbent.
Does Wanda Hotel Development have an API?
No public API is recorded for Wanda Hotel Development.
What industry is Wanda Hotel Development in?
Wanda Hotel Development's product category is Hotel Management Services. Its primary akta.pro industry code is BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management, with a secondary code of BPAJAGAG, Hospitality (Hotel) Property Management. Its NAICS code is 72111 and its SIC code is 7011.