KUALA LUMPUR: Tune Hotels announced on Friday, Oct 15 that there will be another 1,023 rooms added to Tune Hotels via its partnership with Red Planet Hotels, an emerging Asian hotel investment company.
These rooms will be spread across six hotels built in Jakarta, Bangkok and Pattaya in Thailand, as well as the Philippines’ Angeles City and two more in Manila.
“We are very pleased to be extending our portfolio in Asia,” said Mark Lankester, Group CEO of Tune Hotels. “It is right where we need to be and delighted that our partner Red Planet Hotels has kicked off its expansion plans as it will provide for great economies of scale and most importantly add value for accommodation for consumers and travellers.”
“Tune Hotels’ business model is solid and complements our investment methodology,” said Tim Hansing, Red Planet Hotels CEO. “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.”
Tune Hotels is part of the Tune Group, the private investment group of Datuk Sri Tony Fernandes, and the hotel division operates 10 hotels: seven in Malaysia, two in Bali and one in London. It has also entered into strategic partnerships to open 20 hotels in India and a further 14 hotels in the UK.
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