XML 29 R12.htm IDEA: XBRL DOCUMENT v3.21.1
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2020
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

5.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

As of December 31, 

2019

2020

Cost:

    

  

    

  

Buildings

 

247

 

247

Leasehold improvements

 

8,414

 

9,542

Furniture, fixtures and equipment

 

1,270

 

2,008

Motor vehicles

 

1

 

1

 

9,932

 

11,798

Less: Accumulated depreciation

 

(4,918)

 

(5,764)

 

5,014

 

6,034

Construction in progress

 

840

 

648

Property and equipment, net

 

5,854

 

6,682

Depreciation expense was RMB847, RMB967 and RMB1,219 for the years ended December 31, 2018, 2019 and 2020, respectively.

The Group occasionally demolishes certain leased hotels due to local government zoning requirements, which typically results in receiving compensation from the government.