Red Planet Hotels

Red Planet Hotels, founded in 2010, is a privately owned regional hotel company focused on Asia’s expanding value hotel sector. The company owns and operates 32 hotels in Indonesia, Japan, the Philippines, and Thailand with a total of 5,151 rooms.

Red Planet Hotels
TypePrivate company
IndustryHotel
Founded2010
HeadquartersBangkok, Thailand
Number of locations
32
Areas served
Japan, Indonesia, Philippines, Thailand
Websitewww.redplanethotels.com

History

Red Planet opened its first hotel in Hat Yai, Thailand in December 2011.[1] In July 2015, Red Planet announced that it had ended its partnership with Tune Hotels and rebranded all of its properties in the Philippines, Thailand, Indonesia, and Japan.[2]

In September 2016, Reuters reported Red Planet received a USD 70 million investment from Goldman Sachs to facilitate Red Planet’s planned regional expansion.[3]

Since 2010, Red Planet has raised USD 240 million in funding from investors. The company said it planned to raise one final round of capital before an IPO.

Rooms

Red Planet Hotels' rooms are consistent across all properties. Additionally, the hotel offers twin, double, deluxe double, and disabled accessible rooms.

Listed Subsidiaries

In June 2014, Red Planet's Indonesian subsidiary listed on the Indonesia Stock Exchange.[4] Red Planet Japan is also listed on the JASDAQ Securities Exchange.[5]

Hotel Locations

As of August 2020, Red Planet operates 32 hotels in four countries and has 7 hotels under development.

 Philippines

Operational:

Under Development:

 Thailand

Operational:

Under Development:

 Indonesia

Operational:

 Japan

Operational:

Under Development:

References
  1. "Tune Hotels kicks off Thai foray with Hat Yai branch". The Borneo Post. December 19, 2011.
  2. "Tony Fernandes loses Asia Tune Hotels partner". The Financial Times. July 21, 2015.
  3. "Goldman Sachs invests $70 million in Red Planet Hotels". Reuters. 2016-09-28. Retrieved 2016-11-17.
  4. "Red Planet Indonesia Sold". TTR Weekly. June 2, 2014.
  5. "Red Planet making big bet on Japan". Hotel News Now. March 25, 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.