Hyatt Hotels Corporation and Homeinns Hotel Group have announced that their respective subsidiaries have entered into a strategic master franchise agreement to introduce Hyatt Studios hotels in China. This collaboration will expand Hyatt’s portfolio in the upper-midscale segment by adding hotels in Hyatt’s new extended-stay brand in one of the world’s most dynamic hospitality markets.

As leading hospitality companies in China and the United States, Hyatt and Homeinns Hotel Group will leverage their respective strengths and resources for the development of Hyatt Studios extended-stay hotels throughout vibrant business and travel destinations throughout China. Under the master franchise agreement, Homeinns Hotel Group plans to open 50 Hyatt Studios branded hotels in the next several years and develop a robust pipeline to drive future growth across China.