Thailand's Red Planet 3,000 Room Pipeline

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Posted: 13 Oct 2011 | 6:00 am

Bangkok's Red Planet Hotels now havev3,000 Tune branded rooms under development and construction in three Southeast Asian countries.

Over the past twelve months the surge has seen a 200% growth in projects being realized in the Philippines, Indonesia and Thailand.

Red Planet are a master franchise holder for the AirAsia spin-off Tunehotels.com budget chain.

Back of previous private fund placements of USD120 million the group is now looking at increasing its equity base by a further USD100 million within early next year.

Next on the horizon is China which certainly looks to be the golden goose given the sheer metrics of the market.

Current projects for Tune include:

Red Planet Hotels Opening Schedule

Country City Opening Date

Thailand Hat Yai December 2011

Philippines Angeles City February 2012

Thailand Pattaya February 2012

Philippines Cebu February 2012

Philippines Ermita, Manila March 2012

Indonesia Pasar Baru, Jakarta March 2012

Philippines Makati, Manila April 2012

Indonesia Pekanbaru May 2012

Indonesia Makassar June 2012

Thailand Asoke, Bangkok July 2012

Indonesia Surabaya September 2012

Thailand Patong, Phuket October 2012

Philippines Cagayan De Oro October 2012

Indonesia Palembang November 2012

Philippines Ortigas, Manila December 2012

Philippines Davao February 2013

Indonesia Bekasi, Jakarta March 2013

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