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The number of rooms emerging Asian hotel
investment company, Red Planet Hotels, has under construction
surged past 1,000 this week, fuelled by the injection of fresh
investment capital.
The company is developing a portfolio of Tune hotels
in China, Indonesia, the Philippines, Thailand and Bangladesh. Red
Planet already has 1,023 hotel rooms through six hotels in Jakarta,
Bangkok, Pattaya, Angeles City and two in Manila, with more
announcements 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 F1 Racing team.
"We are very pleased to
be extending our portfolio in Asia," said Group
CEO of Tune Hotels, Mark Lankester. "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 travellers."
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,
guests can book rooms at prices starting from US$3 (or even lower
during promotion periods).
It 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.
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