GGLC Express Issue - Global Gateway Logistics City

PAGE 16Global Gateway NewsRed Planet Hotels to invest in citySun Star PampangaSeptember 25, 2010He also urged foreign businessmen to invitetheir friends to invest in the city. Red Planet Hotelsis an international and regional hotel investmentcompany focused on Asia's emerging markets.In this photo: From left Mr. Frankie Villanueva (MACCII), Mr. MarcoNepomuceno (MACCII), Mr. Simon Morley (Holiday Inn), MayorEdgardo Pamintuan (Angeles City), Mr. Tim Hansing (CEO, RedPlanet Hotels), Mr. John Seymour (NT Realty) and Mr. Dennis L.Wright (Peregrine President)ANGELES CITY -- The Red Planet Hotels Limited (RPHL)has announced it will construct a 12-storey buildingamounting to P270 million.Officials of the RPHL revealed their plan to invest inthe city during a dinner reception at the newlyfurbishedMuseo ning Angeles on Thursday.Mayor Edgardo Pamintuan led other city officials inwelcoming the RPHL officers. RPHL Chief ExecutiveOfficer Timothy Hansing said the construction of thebuilding, located at the tourist belt in Barangay Balibago,has already started and is expected to be finishednext year.Pamintuan thanked the foreign group for investing inthe city and also bragged about the dedication of localgovernment to make the city a progressive place.Red Planet’s parent company, Evolution Capital PLC, signeda franchise agreement with Air Asia’s Tune Hotels coveringThailand, Bangladesh, Philippines, Indonesia and China inDecember last year. It estimated at the time that it wouldset up 44 budget hotels across Asia and invest US$200 millionin the project. (TTR Weekly)Among the countries it is investing in are China,Bangladesh, Indonesia, Thailand and the Philippines.It is also putting up buildings in Makati and Ermita.The constructions will be done simultaneously.Hansing said he has a feeling that "we arestarting a new little journey."