Action Hotels: 29% increase in number of hotel rooms


Action Hotels, a developer and asset manager of branded three- and four-star hotels in the Middle East and Australia, is pleased to report that without raising any further equity, it has outperformed management’s expectations set out at IPO with regards to the number of rooms in operating and pipeline hotels by 29%, with total rooms totaling 3,257 vs. 2,516.

With the recent hotel openings, Action Hotels now has 11 operating/completed hotels with 2,032 rooms and is on track to complete further 384 (488) rooms by end of 2016.

Action continues to evaluate potential additions to the pipeline of both greenfield sites and existing hotels.