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INVESTMENTS | 12 Months Ended
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Dec. 31, 2023
INVESTMENTS. |
INVESTMENTS | 7.INVESTMENTS The investments as of December 31, 2022 and 2023 were as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2022 |  | 2023
Short-term investments | ​ | ​ | ​ | ​
Equity securities with readily determinable fair values: | ​ |  | ​ |
Accor Hotels (“Accor”) |  | 1,701 |  | —
Other marketable securities |  | 87 |  | 231
Subtotal | ​ | 1,788 | ​ | 231
Held to maturity investments | ​ | ​ | ​ | ​
Bank time deposits and financial products | ​ | — | ​ | 1,958
Total | ​ | 1,788 | ​ | 2,189
​ | ​ | ​ | ​ | ​
Long-term investments | ​ | ​ | ​ | ​
Equity securities without readily determinable fair values: |  | ​ |  | ​
Cjia Group-preferred shares |  | 138 |  | 99
Oravel Stays Private limited (“OYO”) |  | 54 |  | 54
Other equity securities without readily determinable fair values |  | 65 |  | 29
Subtotal | ​ | 257 | ​ | 182
Equity-method investments: |  | ​ |  | ​
AAPC LUB |  | 494 |  | 490
Hotel related funds |  | 574 |  | 479
Other investments |  | 324 |  | 320
Subtotal | ​ | 1,392 | ​ | 1,289
Available-for-sale debt securities: |  | ​ |  | ​
Cjia Group-convertible notes |  | 296 |  | 281
Held to maturity investments | ​ | ​ | ​ | ​
Bank time deposits | ​ | — | ​ | 812
Total |  | 1,945 |  | 2,564
​ In 2022, the Group recognized loss from fair value changes of Accor of RMB358. In 2023, the Group sold all the Accor shares for a cash consideration of RMB2,198 with a gain of RMB516 realized upon disposal.

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