Homeinns Special Committee Appoints Financial Advisor and Legal Counsel

Homeinns Hotel Group ("Homeinns" or the "Company") (NASDAQ: HMIN), a leading economy hotel chain in China, today announced that its special committee of independent directors of the Company's Board of Directors (the "Special Committee") has selected Credit Suisse Securities (USA) LLC ("Credit Suisse") as its financial advisor and Simpson Thacher & Bartlett LLP ("STB") as its legal counsel.

As previously announced, the Company's Board of Directors (the "Board") formed the Special Committee to consider a potential "going-private" transaction (the "Transaction") for US$32.81 in cash per American depositary share, proposed by BTG Hotels (Group) Co., Ltd. ("BTG Hotels"), Poly Victory Investments Limited ("Poly Victory"), Ctrip.com International, Ltd. ("Ctrip"), Mr. Neil Nanpeng Shen ("Mr. Shen"), Co-Founder and Co-Chairman of the Board of the Company, James Jianzhang Liang, Co-Founder and Director of the Company and Chairman of the Board of Directors and Chief Executive Officer of Ctrip ("Mr. Liang"), and David Jian Sun, Chief Executive Officer and Director of the Company ("Mr. Sun," together with BTG Hotels, Poly Victory, Ctrip, Mr. Shen and Mr. Liang, the "Buyer Group"), in a preliminary non-binding proposal letter, dated June 11, 2015.

Credit Suisse and STB will assist the Special Committee with its work in connection with evaluating the proposed Transaction. The Board cautions the Company's shareholders and others considering trading in its securities that no decisions have been made by the Special Committee with respect to the Company's response to the proposed Transaction. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.