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Red Planet Raise USD70 Million From Goldman Sachs

Category: Hotels, Posted:28 Sep 2016 | 14:04 pm

Thailand-based budget hotel group Red Planet has raised USD70 million in funding from Goldman Sachs to expansion of the chain

According to the group they have raised USD240 million over the past 6 years and their next step is an IPO (initial public offerings).

Currently the group has 26 operating hotels in four Asian countries – Thailand, Philippines, Japan and Indonesia.

Prior to using the Red Planet name for properties the hospitality group had worked under a license agreement with Tune Hotels.

Other News

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New Khao Lak And Phang Nga Report from C9 Hotelworks

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Two Great Virtual Online Hospitality Events This Week

Category: Tourism, Posted:23 Nov 2020 | 10:11 am It’s a busy week for C9 Hotelworks and Delivering Asia Communications web series on hot travel markets and emerging trends. On Wednesday 25th November  is Hostels + Hybrid Hotels. Dig the vibe and dive deep with an eclectic set of experts from across Asia and Europe. One clear sign of pandemic travel resurgence is millennials, groups […]
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Khao Lak And Phang Nga Market Update Next Week

Category: Tourism, Posted:18 Nov 2020 | 10:06 am C9 Hotelworks and Delivering Asia Communications hit to the road north of Phuket with a special Khao Lak and Phang Nga tourism and hotel update. The one-hour event will be held on Thursday 26th November, 2:00 pm Bangkok | 3:00 pm Singapore/Hong Kong. Register free at the following LINK. This special offering is a view […]