Red Planet Japan Acquires Two Flagship Hotel Developments in the Philippines

Red Planet Japan, Inc. | June 7, 2018

TOKYO, June 7, 2018 -- Red Planet Japan Inc. (Red Planet Japan), the JASDAQ-listed (3350:JP) subsidiary of the rapidly-growing Bangkok-based Red Planet Hotels, today announced the establishment of a new subsidiary in the Philippines and the acquisition of two local flagship properties by the new subsidiary. The planned opening of the two hotels in 2019 and 2020 will double the number of rooms in Red Planet Japan's portfolio and is expected to greatly contribute to its future revenue and earnings. This acquisition follows the opening of Red Planet Japan's fourth hotel in Sapporo on 1 June 2018. The new subsidiary, Red Planet Hote...