Red Planet tunes up

Red Planet Hotels opened a 140-room Tune Hotel in Quezon City making it the sixth property carrying Tune Hotels’ signage in the Philippines.

All six Tune properties are operated by Red Planet Hotels.

Red Planet’s first venture was Tune Hotel in Angeles City which opened its doors in February 2012. Other properties are in Cebu, Makati, Ermita and Cagayan De Oro.

The group will open a further four hotels under the Tune banner in Davao and Ortigas (November), Aseana City (April 2014) and Ayala Avenue (May 2014) taking its Philippines portfolio to 10 hotels and 1,724 rooms with more locations currently under negotiation.

Red Planet Hotels now owns and operates 14 Tune hotels with 2,186 rooms in the Philippines, Thailand, Indonesia, Japan and will soon expand the brand in South Korea and Taiwan. Globally, Red Planet Hotels has an ownership interest in 23 operational hotels – with 14 more under development – representing 6,537 rooms.

Red Planet Hotels chief executive officer, Tim Hansing, said the Philippines was the “perfect platform” to drive the Southeast Asian expansion of Tune Hotels because of the country’s acceptance of brands that enable travel to the wider population.

Red Planet Hotels is Tune Hotel’s largest global franchise partner and also has a 17% ownership stake in the Tune Hotels company and a seat on its board.

There are also Tune Hotels in Malaysia, England, Scotland and the first in Australia will open next month in Melbourne.

AirAsia founder Tony Fernandes remains the driving force behind the global expansion of Tune Hotels and the company expects to make more exciting announcements soon about entries into new markets.

Red Planet Hotels Limited was formed in 2010 and is a privately owned regional hotel investment company focused on Asia’s emerging markets by developing a portfolio of budget hotels in the Philippines, Indonesia, Thailand, Japan, Taiwan, South Korea and China.

Red Planet Hotels Limited owns the hotels it operates and they are all managed under a franchise agreement with Tune Hotels.

Red Planet Hotels holds a 17% ownership interest in the Tune brand and was formed with a vision to capture the growth in the worldwide limited-service hotel market, supported by the growth in budget airlines and the robust economies of the ASEAN region, Japan and Greater China.

Headquartered in Bangkok, Red Planet Hotels Limited now has an ownership interest in 6,537 Tune Hotel rooms through 23 operational hotels and a further 14 under development.

Sourced: ttrweekly