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BUDGET ROOMS Tune Hotels.com JV With Singapore Fund

Category: Hotels, Posted:20 May 2010 | 06:00 am

The expansion plan of the budget hotel brand linked to AirAsia, Tune Hotels.com has continued to ramp up its expansion plans with a new partnership. A 50/50 joint venture has been announced with Singapore listed firm Plato Capital Ltd, to develop properties in Southeast Asia, Australia and the UK. Plato's core business is in the real estate and technology sectors.
Earlier this year Tune entered into another partnership with Thailand's Evolution Capital PCL for an exclusive master agreement for 5 countries namely Thailand, Philippines, Indonesia, China and Bangladesh.
Both ventures are targeting a critical mass of operating hotels by 2013. The jury remains out on Tune, with the inherent challenges of making a commercial model work in prime locations where land costs are significant and also for consumers for its pay and play model of options.

Other News

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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]
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Two Neil’s For Six Senses

Category: Hotels, Posted:03 Oct 2021 | 17:35 pm Veteran Asia-Pacific hotelier Neil Palmer has been named Chief Operating Officer of Six Senses Hotels Resorts Spas. Palmer is best known as a stalwart executive at Starwood Hotels & Resorts. Meanwhile, Neil Jacobs continues in his role as Chief Executive Officer. Former Six Senses COO Guy Heywood has moved to boutique chain Habitas Hotels.