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AHCG Action Hotels

23.20
0.00 (0.00%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Action Hotels LSE:AHCG London Ordinary Share JE00BFZD1492 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.20 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Action Hotels PLC Opening of Mercure Sohar, Oman (8815Q)

05/12/2016 7:45am

UK Regulatory


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RNS Number : 8815Q

Action Hotels PLC

05 December 2016

5(th) December 2016

Action Hotels plc

("Action Hotels" or "Action")

Opening of Mercure Sohar, Oman

Action Hotels plc, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is delighted to announce the formal opening of its third hotel in Oman, Mercure Sohar.

The 151-bedroom freehold hotel, located in the heart of Sohar, is Action's ninth collaboration with AccorHotels and the first Mercure-branded property in the portfolio. The hotel welcomed its first paying guests on 1(st) December 2016 and early business enquiries have been encouraging.

Mercure Sohar brings Action Hotels' portfolio to 12 operational hotels and 2,181 rooms in six countries with the total pipeline set to take Action to 3,000 rooms by 2017.

Alain Debare, Chief Executive Officer of Action Hotels commented:

'I am delighted to announce the opening of Mercure Sohar. Sohar port and free zone is an important link in Oman's commercial industry and this ideal location means we are confident the hotel will be a successful addition to our portfolio as we continue to work towards our goal of 5,000 rooms by 2020.'

Olivier Granet, Managing Director and Chief Operating Officer for AccorHotels Middle East commented:

'As a leading global hospitality company within the region, we are delighted to debut the Mercure brand in Oman, a brand with a robust international network and commitment to quality. With six hotels in operation and three in the pipeline with our partner Action Hotels PLC within the region, we value this relationship and look forward to widening our footprint as well as building brand equity in Oman.'

ENDS

For more information, contact:

 
 Action Hotels PLC                      Tel: +44 (0) 20 7907 
                                        9663 
 Alain Debare, Chief Executive 
  Officer 
 Katie Shelton, Director of Corporate 
  Affairs 
 
 
 
 Zeus Capital plc (NOMAD & 
  Broker) 
 Dan Bate / Jonathan Sharp     Tel: +44 (0) 16 
                                1831 1512 
 Victoria Ayton                Tel: +44 (0) 20 
                                3829 5000 
 
 
 Camarco (Press enquiries) 
 Jennifer Renwick / Tom Huddart     Tel: +44 (0) 20 3757 
                                    4994 
 
 
 
 

Notes to Editors

Action Hotels PLC

Action Hotels is a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. Established in 2005, Action Hotels currently has 12 completed hotels with 2,181 rooms in aggregate across the Middle East and Australia, with further properties in development in both regions.

More information is available at http://www.actionhotels.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCZMMGZNZZGVZM

(END) Dow Jones Newswires

December 05, 2016 02:45 ET (07:45 GMT)

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