China Lodging Group has a group of, you guessed it, hotels. The company operates about 235 economy-priced hotels in 40 cities, mostly in China's east coast region. It has another 140 in development, which would put the ratio of leased-and-operated to managed-under-franchise about even, though the company makes most of its revenue from the former category. China Lodging's banners include HanTing Express and HanTing Seasons, both business hotels, and HanTing Hi Inn, a budget hotel. The company locates its hotels in the country's more industrial and tourist-oriented cities. China Lodging began operations in 2005 and filed to go public in 2010. Pre-IPO, CEO Qi Ji owns about 62%.