Red Planet Hotels, founded in 2010, is a privately owned regional hotel company focused on Asia’s expanding value hotel sector. The company owns and operates 32 hotels in Indonesia, Japan, the Philippines, and Thailand with a total of 5,151 rooms.
History
Red Planet opened its first hotel in Hat Yai, Thailand in December 2011.[1] In July 2015, Red Planet announced that it had ended its partnership with Tune Hotels and rebranded all of its properties in the Philippines, Thailand, Indonesia, and Japan.[2]
In September 2016, Reuters reported Red Planet received a USD 70 million investment from Goldman Sachs to facilitate Red Planet’s planned regional expansion.[3]