Tune Opens Hotel in Bangkok

Tune Hotels has opened it first hotel in Thailand's capital city, Bangkok.

Owned and operated under a franchise agreement by Red Planet Hotels, the 130-room Tune Hotel Asoke, Bangkok in Sukhumvit Soi 14, is a short walk to the Asoke BTS Skytrain station and Sukhumvit MRT underground train network, which provides easy access to all key shopping, financial and entertainment areas and attractions in the city.

Through a recent investment to acquire a 16.05% stake in the Tune brand, Red Planet is now the third largest shareholder in Tune Hotels with ownership interests in 17 hotels located across Thailand, the Philippines, Indonesia, Malaysia and the United Kingdom as of today. Red Planet also has a funded pipeline for 20 hotels currently under construction.

Red Planet Hotel's Chief Executive Officer, Tim Hansing said 2012 was a "milestone" year in Red Planet's development. "It has been quite busy!" he said. "By December, Red Planet Hotels will have achieved gaining ownership interests in 20 operating hotels in just 12 months. With our owned and operated assets alongside the existing Tune portfolio we have invested in, our expansion into this sector during 2012 sets us up to grow further next year and maintain our strategy of sustained development and investment in one of the world's growing brands."

The Tune Hotel Asoke, Bangkok will be the first of many more in Thailand's capital and is the third in the country after Hat Yai and Pattaya.

The popular resort island of Phuket will also welcome its first Tune hotel in December when a 150-room property opens in the entertainment precinct along Patong Beach.

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