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 Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

the Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

, and

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

with a total of 5,151 rooms.

History

Red Planet opened its first hotel in Hat Yai, Thailand in December 2011. In July 2015, Red Planet announced that it had ended its partnership with

Tune Hotels Tune Hotels.com is a limited service hotel chain operated by Tune Hotels Management Sdn Bhd that provides a claimed "5-star sleeping experience at a 1-star price" accommodation. Tune Hotels is part of the Tune Group, the private investment ...

and rebranded all of its properties in the Philippines, Thailand, Indonesia, and Japan. In September 2016,

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

reported Red Planet received a USD 70 million investment from

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

to facilitate Red Planet’s planned regional expansion. 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.

Rooms

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

Listed Subsidiaries

In June 2014, Red Planet's Indonesian subsidiary listed on the

Indonesia Stock Exchange Indonesia Stock Exchange (IDX) ( id, Bursa Efek Indonesia, formerly nl, Vereniging voor de Effectenhandel) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2 ...

. Red Planet Japan is also listed on the

JASDAQ Securities Exchange , formerly the is one of the sections of the Tokyo Stock Exchange. It was formerly an independent stock exchange. JASDAQ is not related to NASDAQ in the United States, but has operated an electronic trading system similar to NASDAQ. History In 1 ...

Hotel Locations

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

''Operational:'' * Red Planet Bangkok Asoke * Red Planet Hat Yai * Red Planet Phuket Patong * Red Planet Pattaya * Red Planet Bangkok Surawong ''Under Development:'' * Red Planet Bangkok Sukhumvit 8

''Operational:'' * Red Planet Bekasi * Red Planet Makassar * Red Planet Palembang * Red Planet Jakarta Pasar Baru * Red Planet Pekanbaru * Red Planet Solo * Red Planet Surabaya

''Operational:'' * Red Planet Tokyo Asakusa * Red Planet Gotanda Tokyo * Red Planet Okinawa Naha * Red Planet Nagoya Nishiki * Red Planet Sapporo Susukino South * Red Planet Sapporo Susukino Central * Red Planet Hiroshima ''Under Development:'' * Red Planet Kyoto Nijo

References

{{reflist Hotel chains Hospitality companies of Thailand