Tune Hotels In Joint Venure with Plato Capital

16th May 2010 (Last Updated May 16th, 2010 18:30)

Malaysia-based Tune Hotels has signed a joint venture agreement with Singapore-based Plato Capital for the development and operation of Tune hotels across the world. The MYR100m ($31m) joint venture will include the development of ten hotels by 2013, according to thestar.com.

Malaysia-based Tune Hotels has signed a joint venture agreement with Singapore-based Plato Capital for the development and operation of Tune hotels across the world.

The MYR100m ($31m) joint venture will include the development of ten hotels by 2013, according to thestar.com.

Tune Hotels CEO Mark Lankester said the joint venture has already identified potential properties and is exploring other opportunities as well.