Home Inns Reaches 200 Hotels in Operation

Home Inns Reaches 200 Hotels in Operation

October 02, 2007

    SHANGHAI, China, Oct. 2 /Xinhua-PRNewswire/ -- Home
Inns & Hotels Management Inc. ("Home Inns")
yesterday welcomed the addition of its 200th hotel in
operation, the Urumqi Beiyuanchun Home Inn, just ahead of
China's National Day and the Golden Week celebration. Home
Inns further solidified its leadership position in the
rapidly growing economy hotel industry in China, with the
largest number of rooms available and the broadest
geographic coverage.

    "We're extremely excited to have reached this
significant milestone in our company's history, the opening
of our 200th Home Inn hotel in operation," said Mr.
David Sun, Home Inns' CEO. "We would like to thank all
of our customers, employees, business partners and investors
who have supported us through our growth over the past five
years. We are committed to continue to provide a satisfying
and consistent 'Home Away from Home' experience to our
guests, to strengthen our brand and to expand our hotel
chain and our member network." 

    About Home Inns

    Home Inns is a leading economy hotel chain in China
based on the number of hotels and hotel rooms, as well as
the geographic coverage of the hotel chain. Since Home Inns
commenced operations in 2002, it has become one of the 
best-known economy hotel brands in China. Home Inns offers
a consistent product and high-quality services to primarily
serve the fast growing population of value-conscious
individual business and leisure travelers who demand clean,
comfortable and convenient lodging. Home Inns' ADSs, each of
which represents two ordinary shares, are currently trading
on the NASDAQ Global Market under the symbol
"HMIN."  For more information about Home Inns,
please visit http://english.homeinns.com . 

    Safe Harbor

    This announcement contains forward-looking statements.
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates" and similar
statements. Among other things, the outlook for the
remainder of 2007 and quotations from management in this
announcement, as well as Home Inns' strategic and
operational plans, contain forward-looking statements. Home
Inns may also make written or oral forward-looking
statements in its periodic reports to the Securities and
Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers,
directors or employees to first parties. Statements that
are not historical facts, including statements about Home
Inns' beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent
risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in
any forward-looking statement, including but not limited to
the following: our anticipated growth strategies; our
future business development, results of operations and
financial condition; expected changes in our revenues and
certain cost or expense items; our ability to attract
customers and leverage our brand; trends and competition in
the lodging industry; our ability to hire, train and retain
qualified managerial and other employees; our ability to
develop new hotels at desirable locations in a timely and
cost-effective manner; the expected growth of the Chinese
economy hotel market; and Chinese governmental policies
relating to private managers and operators of hotels and
applicable tax rates. 

    Further information regarding these and other risks is
included in our registration statements on Form F-1 and
other documents filed with the SEC. Home Inns does not
undertake any obligation to update any forward-looking
statement, except as required under applicable law. All
information provided in this press release and in the
attachments is as of October 1, 2007, and Home Inns
undertakes no duty to update such information, except as
required under applicable law.

    For investor and media inquiries, please contact:

     Angela Li
     Home Inns & Hotels Management Inc.
     Tel:   [phone] x2004
     Email: [e-mail]