Red Planet Hotels

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]

Since 2010, Red Planet has raised USD 240 million in funding from investors. The company said it planned to raise one final round of capital before an IPO.

Red Planet Hotels' rooms are consistent across all properties. Additionally, the hotel offers twin, double, deluxe double, and disabled-accessible rooms.

In June 2014, Red Planet's Indonesian subsidiary was listed on the Indonesia Stock Exchange.^[4] Red Planet Japan is also listed on the JASDAQ Securities Exchange.^[5]

As of August 2020, Red Planet operates 32 hotels in four countries and has 7 hotels under development.