TUNE Hotels is confident of expanding its hotel chain to more than 40 in the country and abroad by the end of next year, group chief executive officer Mark Lankester said-At least one hotel will be opened every month from September to add to the existing 12 under its name, including two in Bali and one in London-Lankester said the new hotels would be in Indonesia, the Philippines, Thailand, Australia and the UK, besides Malaysia-"Locally, we have covered the central, northern, southern, eastern and western parts," he said after the soft launch of the latest Tune Hotels in Kota Baru on Sunday-Lankester said it would invest substantially for the new hotels as the development cost for a hotel in the country averaged from RM15 million to RM20 million-In London, he said, the cost could rise to RM70 million for a hotel-On Tune Hotels Kota Baru, he said it cost the company RM20 million to develop the 173-room hotel which was completed in 11 months to usher in the New Year-It was built in a partnership with property company HLK Group, which established HLK Ventures Sdn Bhd to exclusively develop the hotel-...

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