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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’s Koh Siray Adds A New Hotel

Category: Hotels, Posted:22 Jan 2022 | 15:45 pm Phuket’s east coast has a new hotel with the recent opening of the Sinae Hotel in Koh Siray. The resort offers a collection of 64  studio units, and lifestyle as well as private pool villas. A key feature of Sinae is its elevated hillside ocean views. Access to nearby Phuket Town is ten minutes from […]
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The Aussies Are Coming

Category: Hotels|Tourism, Posted:22 Jan 2022 | 14:53 pm For Phuket hotel sales and marketing teams, the go-to-market has been Russia during the height of the winter snowbird season. With March fast approaching and Thailand’s approval of a revised Test & Go program from the beginning of February, hoteliers are looking at the vast void of the second quarter of the year. Certainly, domestic […]
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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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