PORTFOLIO > HOSPITALITY & TRAVEL
Plato's investments in hospitality started with Tune Plato Real Estate (TPRE), a joint venture with Tune Hotels in 2009 to invest in and develop limited service hotels in the UK, Australia and Malaysia. TPRE has since deployed RM 300m in capital on a portfolio of >1,000 rooms in London, Melbourne, Edinburgh and Kuala Lumpur.
In 2017, Ormond Group was established as the hospitality company that will own, develop and manage all the hospitality assets.
Ormond Hotels takes its storied name and inspiration from one of the most renowned pieces of modernist literature: James Joyce’s Ulysses. The Ormond Hotel is a landmark and legend, so when the opportunity presented itself we knew we had to restore it to its former glory. And that’s just the first step; we’ll also be taking the Ormond story around the globe, establishing a new luxury hotel experience that befits its heritage. By taking the best of Ormond’s history and stature, and combining it with completely new ideas and experiences, we’ve created a boutique hotel brand that marries tradition with modernity, offering meaningful, authentic experiences in cities and vibrant cultural centres around the world.
Tune is all about getting the best out of life. We believe that simplicity doesn’t have to be boring, and that you don’t have to spend big for a great stay. Tune is for travellers who want comfort, functionality and fun without the stuffy extras. It’s for globe-trippers who love music and want to connect with likeminded, outgoing people on the road. Our network of hotels links up city centres and airports across the world, offering warm service, minimalist rooms and vibrant spaces where everyone is welcome.
ECM Libra Group
ECM Libra was a Malaysia-listed financial services group. In 2Q 2017, ECM Libra has announced an acquisition of a portfolio of limited services hotel from Tune Hotels. It has thus diversified its principal activities to include the business of hotel ownership and management.