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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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Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]