In a large bowl whisk together the beer, tomato paste, lime juice, chili powder, smoked paprika, garlic powder, salt, honey, soy sauce and red chili sauce.
Add the chicken, stir to coat, cover and refrigerate for 3 hours and up to over night.
Place the oven rack at the top 1/3 of the oven. Preheat oven to 400.
Cover a baking sheet with aluminum foil and lightly spray with cooking spray. Remove chicken from marinade, add to prepared baking sheet.
Add the marinade to a pot over high heat. Bring to a boil, stirring frequently until thickened and reduced, about 8 minutes.
Brush chicken on all sides with thickened marinade.
Bake for ten minutes, brush with marinade, repeat until chicken is cooked through, brushing with marinade and turning every ten minutes. Chicken will take 30-40 minutes to cook.