Red Planet Investment Success Story

Category: Hotels, Posted:20 Dec 2012 | 06:00 am

One of Thailand's leading hospitality stories we are watching is the rise of the Red Plane Tune Hotels partnership.
With a wide network of properties now rolling out in this country, the Philippines, and Indonesia, the group has made public plans to list the concern by 2015.
This will enable the existing investor's a chance to cash up and stock the company's coffers for further growth.
After a series of private fund raising efforts the company is now poised to expand into China, Korea and Japan.
With a strong pipeline over the next few year, but the time the IPO is planned the group's portfolio is expected to hit the 80-100 hotel rangeIt will be interesting to see if this aggressive expansion approach pays off to the group's investor's at game time.
My bet is it's going to be a huge pay day for those involved.

Other News

From Spas to Longevity: Phuket Evolves into a Global Wellness Tourism Leader

Category: Hotels|Real estate|Tourism, Posted:29 Nov 2024 | 08:10 am Wellness tourism is in great shape. One of the fastest growing areas of the tourism industry, the sector has grown from a niche market for committed health seekers to become a THB 219 trillion (USD 6.3 trillion) global powerhouse. At the heart of this revolution is Asia Pacific, which accounts for 30% of the worldwide […]

C9 Session Today On Phuket’s Wellness Sector for Hotels, Tourism and Real estate

Category: Hotels|Real estate|Tourism, Posted:27 Nov 2024 | 07:30 am There is still time to register for today’s C9 Session (Wednesday 27th November 2027, which will be held at the Amora Phuket Resort Bangtao. How is Longevity and a health-focused lifestyle changing the face of the wellness industry? Join us for a unique 90-minute learning session featuring experts from international medical wellness, tourism, resort and real […]

New Onyx and Equatorial JV Hotel for Kata Phuket

Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]

More Insider News