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 in Indonesia, Japan, the Philippines, and Thailand 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 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

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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 the Indonesia Stock Exchange.[4] Red Planet Japan is also listed on the JASDAQ 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.

Operational:

Under Development:

Operational:

Under Development:

Operational:

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. Retrieved 2016-11-17.
  4. ^ "Red Planet Indonesia Sold". TTR Weekly. June 2, 2014. Archived from the original on 2015-05-20.
  5. ^ "Red Planet making big bet on Japan". Hotel News Now. March 25, 2014.