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Description of business:
Action Hotels is an owner, developer and asset manager of branded three and four star economy and midscale hotels in the Middle East and Australia. The Group's objective is to become a leading owner, developer and asset manager of branded economy and midscale hotels in key Middle East markets and Australia. Action Hotels has completed six hotels, of which five are in the Middle East and one is in Australia, with a further two hotels under construction (both in the GCC), one hotel expansion and another six in planning (one in Australia and the remainder in the GCC). The main countries of operation of the Company are those of the Gulf Cooperation Council. The business of Action Hotels was established in 2005 as a wholly owned subsidiary of Action Group Holding Company (K.S.S.C) ("AGH"), a private Kuwait based conglomerate. AGH was established to manage the interests of the family of Sheikha DR. Souad Mohammed Al-Sabah CBE PhD, who is the mother of Sheikh Mubarak, founder and chairman of Action Hotels. AGH has global public and private interests across a range of sectors including real estate, infrastructure, hotels and energy. Action Hotels develops hotels following the entry into long-term management agreements with established international branded hotel operators. The Group's property portfolio comprises five hotels in respect of which the freehold is owned by the Group and one held on a lease from AGH, with 1,004 rooms in total across the operating portfolio. The six hotels are located in Kuwait, Oman, Jordan and Australia. The two hotels currently under construction are expected to add a further 470 rooms by the end of 2014, with a further 10 rooms being added to the ibis Salmiya by the same time. In addition, the Group has a pipeline of six projects which are expected to add a total of 1,032 rooms, expanding the portfolio to 2,516 rooms by the end of 2016.

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Action Hotels plc

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