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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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Thai Group Chatrium Inks Niseko Deal

Category: Hotels, Posted:06 Jul 2020 | 08:31 am Thailand’s Chatrium Hospitality will take over management of the 76-unit Shiki Hirafu in Niseko Japan at the beginning of September. The move is a reflagging of the Hyatt House Niseko. For Chatrium, it’s their first property in Japan, with an existing portfolio in Thailand and Myanmar. Another Thai group Onyx Hospitality has a pipeline Amari […]
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Design Re-Invention. Hotel Interiors – Re-Imagining Spaces

Category: Hotels, Posted:05 Jul 2020 | 13:59 pm Catch Volume 6 of C9 Hotelworks and Delivering Asia Communications Design Re-Invention series. The virtual event will be on Wednesday 15 July, 3:00 pm Bangkok | 4:00 pm Singapore time. Sign up Hospitality today is about to enter a new cycle which has been accelerated by the current global crisis. This important virtual event is a […]
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It Takes an Island: Sustainability and the New Traveler

Category: Tourism, Posted:03 Jul 2020 | 10:13 am A  special virtual sustainable event from C9 Hotelworks and Delivering Asia Communications will be held on  Thursday 9th July at 3:00 pm BKK / 4:00 pm Singapore. Registration is free While the present global crisis has effectively stopped travel in its tracks, one of the side effects has been the restoration of nature into many […]