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Red Planet Hotels

From Wikipedia, the free encyclopedia
Thai company
Red Planet Hotels
Company typePrivate company
IndustryHotel
Founded2010
HeadquartersBangkok, Thailand
Number of locations
32
Areas served
Japan,Indonesia,Philippines,Thailand
Websitewww.redplanethotels.com

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 inIndonesia,Japan,the Philippines, andThailand with a total of 5,151 rooms.

History

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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 withTune 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 fromGoldman 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

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

Listed Subsidiaries

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In June 2014, Red Planet's Indonesian subsidiary was listed on theIndonesia Stock Exchange.[4] Red Planet Japan is also listed on theJASDAQ Securities Exchange.[5]

Hotel Locations

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

 Philippines

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Operational:

Under Development:

 Thailand

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Operational:

Under Development:

 Indonesia

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Operational:

 Japan

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Operational:

Under Development:

References

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  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. Retrieved2016-11-17.
  4. ^"Red Planet Indonesia Sold".TTR Weekly. June 2, 2014. Archived fromthe original on 2015-05-20.
  5. ^"Red Planet making big bet on Japan".Hotel News Now. March 25, 2014.
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