Friday, March 12, 2010

Tune Hotels eyes London

Tune, a budget hotel company, and partner Queensway Group Ltd plan to invest about STG150 million (RM760 million) to develop and operate 15 hotels across Greater London by 2017.

The first hotel will be opened in Westminster this August with 79 rooms. Converted from an office building, it will add 30 more rooms next year.

Queensway is a UK-based private investment group owning and operating hospitality assets in the UK, Europe and United Arab Emirates.

"We believe Tune Hotels will significantly boost London's hospitality sector," said Mark Lankester, group chief executive of Tune Hotels in a press release on Thursday.
London will host the Olympic Games in 2012.

Tune Hotels provides no-frills rooms but it has a pay-as-you-use system for energy-consuming amenities.

It encourages guests to book early online to enjoy low prices. It is expected that the minimum charge for a room in its London hotel would be as low as STG9 (RM46).

Queensway managing director Nick Jivraj expects Asians to make up a major market for London's hotels.

"By leveraging on Tune Hotels' proven brand, team expertise, and operational model, Queensway expects that our investment into the brand will present significant growth in the near future," he said.

Tune Hotels currently operates nine hotels - seven in Malaysia and two in Bali, Indonesia.

Source : BTimes
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1 comment:

sinxia said...

Theres a rush at the moment to create extra bed nights in London in time for the 2012 Olympics when demand is going to spike and anyone can fill hotel rooms. Hopefully the budget operators have factored in the demand after the Olympics and theres not going to be huge over supply in the City once the Olympics have left town.




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