Three Chinese hotel chain ADRs have been listed on the U.S. exchanges until now. The last one was the 7 Days Group back in November. That ADR is trading below the IPO price.

The latest IPO in this group is China Lodging Group Ltd (HTHT) which started trading on March 26th in the NASDAQ market. China lodging raised $110.3 million by pricing 9 million ADRs at $12.25 a share. As the end of last year the company had 236 hotels with 28,360 rooms in 39 cities across China. Founded in 2005, the chain has expanded steadily and has developed a loyal membership base with more than 1.5 million individuals and 84,000 corporate members. On the first day its shares rose 12%.

Key Stats from the corporate site:
Occupancy Rate: 94%
Hotels in Pipeline: 144
Number of brands : 3

More information can be found in the company’s investor relations site.

According to a Reuters report, the Chinese hotel industry is posting rapid growth but the latest IPO faces economic tightening fears. So investors may want to wait and watch before picking up shares of these hotel chains.