Red Planet Hotels
| Company type | Private company |
|---|---|
| Industry | Hotel |
| Founded | 2010 |
| Headquarters | Bangkok, Thailand |
Number of locations | 32 |
Areas served | Japan, Indonesia, Philippines, Thailand |
| Website | www |
Red Planet Hotels, founded in 2010, is a privately owned regional hotel company focused on Asia’s expanding value hotel sector. The company owns and operates 32 hotels in Indonesia, Japan, the Philippines, and Thailand with a total of 5,151 rooms.
History
[edit]Red Planet opened its first hotel in Hat Yai, Thailand in December 2011.[1] In July 2015, Red Planet announced that it had ended its partnership with Tune Hotels and rebranded all of its properties in the Philippines, Thailand, Indonesia, and Japan.[2]
In September 2016, Reuters reported Red Planet received a USD 70 million investment from Goldman Sachs to facilitate Red Planet’s planned regional expansion.[3]
Since 2010, Red Planet has raised USD 240 million in funding from investors. The company said it planned to raise one final round of capital before an IPO.
Rooms
[edit]Red Planet Hotels' rooms are consistent across all properties. Additionally, the hotel offers twin, double, deluxe double, and disabled-accessible rooms.
Listed Subsidiaries
[edit]In June 2014, Red Planet's Indonesian subsidiary was listed on the Indonesia Stock Exchange.[4] Red Planet Japan is also listed on the JASDAQ Securities Exchange.[5]
Hotel Locations
[edit]As of August 2020, Red Planet operates 32 hotels in four countries and has 7 hotels under development.
Operational:
- Red Planet Manila Amorsolo
- Red Planet Angeles City
- Red Planet Manila Aseana City
- Red Planet Cagayan de Oro
- Red Planet Cebu City
- Red Planet Davao City
- Red Planet Manila Mabini
- Red Planet Manila Makati
- Red Planet Manila Ortigas
- Red Planet Quezon Timog
- Red Planet Manila Bay
- Red Planet Aurora Boulevard
- Red Planet Manila Binondo
Under Development:
- Red Planet Quezon Avenue
- Red Planet Cebu Fuente Circle
- Red Planet Manila The Fort
- Red Planet Quezon North Avenue
- Red Planet Manila Entertainment City
Operational:
- Red Planet Bangkok Asoke
- Red Planet Hat Yai
- Red Planet Phuket Patong
- Red Planet Pattaya
- Red Planet Bangkok Surawong
Under Development:
Operational:
- Red Planet Bekasi
- Red Planet Makassar
- Red Planet Palembang
- Red Planet Jakarta Pasar Baru
- Red Planet Pekanbaru
- Red Planet Solo
- Red Planet Surabaya
Operational:
- Red Planet Tokyo Asakusa
- Red Planet Gotanda Tokyo
- Red Planet Okinawa Naha
- Red Planet Nagoya Nishiki
- Red Planet Sapporo Susukino South
- Red Planet Sapporo Susukino Central
- Red Planet Hiroshima
Under Development:
References
[edit]- ^ "Tune Hotels kicks off Thai foray with Hat Yai branch". The Borneo Post. December 19, 2011.
- ^ "Tony Fernandes loses Asia Tune Hotels partner". The Financial Times. July 21, 2015.
- ^ "Goldman Sachs invests $70 million in Red Planet Hotels". Reuters. 2016-09-28. Retrieved 2016-11-17.
- ^ "Red Planet Indonesia Sold". TTR Weekly. June 2, 2014. Archived from the original on 2015-05-20.
- ^ "Red Planet making big bet on Japan". Hotel News Now. March 25, 2014.