Red Planet’s Tune Hotels Landing in Pattaya

In recent significant developments for the company, the number of rooms it has under construction surged past 1,000 this week, fuelled by the injection of fresh investment capital.

Red Planet Hotels Chief Executive Officer, Tim Hansing, said the company is developing a portfolio of Tune Hotels in China, Indonesia, Philippines, Thailand and Bangladesh. In August the tenth Tune Hotel opened in London.  Now the investment firm is eying the lucrative expansion of its brand in Jakarta, Bangkok, Pattaya, Angeles City and two in Manila, with more announcements of secured locations expected soon.

All Red Planet-owned hotels operate under a franchise agreement with Tune Hotels.

Tune Hotels is part of the Tune Group, the private investment group of Tony Fernandes, founder and Group CEO of low cost airline AirAsia and Team Principal of the Lotus Formula 1 racing team.

“Tune Hotels’ business model is solid and complements our investment methodology,” Mr Hansing said from the recent Hotel Investment Conference Asia Pacific held in Hong Kong.

“Even though many investment companies have been looking to contain expenses and put expansion on the back burner, we were able to go out at the end of global financial crisis in 2009 and raise significant capital,” Mr Hansing said.

“To be able to raise funds and then to quickly secure sites and contracts to have over 1,000 rooms under construction is a significant achievement and testament to the strength of our experienced management team and the Tune Hotels’ business model,” Mr Hansing added.

“We are looking for more opportunities to expand in Asia’s emerging markets with multiple sites in key cities, particularly those that Tune Hotels have interest in,” Mr Hansing concluded.

Mr Hansing added the limited service hotel synergy presented Red Planet Hotels with some fantastic opportunities for expansion across the region and sites are continually being scoped and investigated.

Group CEO of Tune Hotels, Mark Lankester said, “We are very pleased to be extending our portfolio in Asia.”

“It is right where we need to be and we are delighted that our partner Red Planet has kicked off its expansion plans as it will provide for great economies of scale and most importantly add value to accommodation for consumers and travelers,” Mr. Lankester added.

Tune Hotels is a rapidly growing chain of hotels that have embraced the limited service model used by low cost airlines and employs a self-service online booking system encouraging guests to book early to enjoy low prices.

Using the demand-based pricing booking system like used at Priceline.com, guests can book rooms bidding at prices starting from US $3 through the web at www.tunehotels.com.

Tune hotels currently operates ten hotels, seven in Malaysia, two in Indonesia and one in England and has entered into strategic partnerships to open 20 hotels in India and a further 14 hotels in the United Kingdom.

For further information contact 02 207 2951 or visit their website
www.tunehotels.com.