red planet japan inc.
Red Planet Japan to Acquire Thailand Hotel Portfolio From Parent Company Red Planet Hotels LImited for $60 Million
Red Planet Japan, Inc. | January 30, 2019
TOKYO, Jan. 30, 2019 -- Red Planet Japan Inc. (3350:JP) today announced that it will acquire the Thailand-based hotel operations from its parent company Red Planet Hotels Limited. The acquisition is expected to be completed by the end of the first quarter of fiscal year 2019. Red Planet Japan will acquire six hotel-owning companies in Thailand from its parent company for a total acquisition consideration of 6,585,130,000 yen. The acquisition includes five operating hotels, located in Surawong (Bangkok), Patong (Phuket), Asoke (Bangkok), Pattaya, and Hat Yai, and a sixth property under development in Sukhumvit Soi 8 (Bangkok). The operat...
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...
