Red Planet Hotels Limited, Asia's emerging force in low cost hotel development and operation, has invested in a 16.05% stake in the rapidly expanding Tune Hotels operation as both companies seek to grow the booming low cost hotel brand. The deal cements Red Planet Hotels who is a major franchisee of the brand across South-East Asia as the third largest investor in Tune Hotels with 9,975,038 shares, providing further value to Red Planet Hotel's shareholders. The largest shareholder in Tune Hotels