Red Planet Hotels Accelerates Asian Expansion through Investment from Goldman Sachs

About Red Planet Hotels

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 26 hotels (24 under the Red Planet brand) in Indonesia (7), Japan (4), the Philippines (10), and Thailand (5) for a total of 4,118 rooms, growing its portfolio through the acquisition of existing hotels and development of new hotels. Red Planet’s robust and scalable technology platform provides both advanced reservation software and local attraction guides for customers, ensuring a fast and efficient booking process. Red Planet comprises a stylish value hotel offering, with all of its properties centrally located and featuring high-speed Wi-Fi. Red Planet’s companies based in Jakarta (Red Planet Indonesia – PSKT:IJ) and Tokyo (Red Planet Japan – 3350:JP) are listed on the Indonesian and Japanese stock exchanges, respectively.  

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base which includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.  

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