Action Hotels PLC Opening of Holiday Inn Muscat Al Seeb, Oman
March 04 2014 - 2:02AM
RNS Non-Regulatory
TIDMAHCG
Action Hotels PLC
04 March 2014
RNS REACH
4 March 2014
Action Hotels plc
("Action Hotels" or the "Company")
IHG & Action Hotels complete their first hotel development
in the Middle East
IHG announces the successful opening of the Holiday Inn Muscat
Al Seeb, Oman with Action Hotels
Action Hotels reiterates IHG's announcement following the
successful opening of its Holiday Inn hotel in Muscat, Oman.
The Holiday Inn Muscat (which opened at the end of 2013) is
Action Hotel's first hotel development with IHG. The Holiday Inn
Muscat Al Seeb, Oman, which is located close to Muscat Airport, to
The Wave development and to the main shopping and business areas is
the first Holiday Inn hotel in Oman. Action Hotels, a market leader
in owning and developing branded midscale hotels in the Middle East
recently listed on the AIM market of the London Stock Exchange.
Pascal Gauvin, IHG's Chief Operating Officer, for India, Middle
East and Africa commented: "Oman played a key role in the launch of
the Holiday Inn brand in the Middle East region so, together with
Action Hotels, it is fantastic to be able to bring the brand back
to a country where it has so much history. We have worked very
closely with Action Hotels to develop what is a great example of a
Holiday Inn hotel which, along with the power of the iconic brand,
will deliver a superior guest experience and drive great
returns."
"Tourist numbers to Oman are forecasted to continue increasing
at a rapid rate. This, combined with an undersupplied, mid-market
hotel space with a limited number of international hotel brands,
makes us confident that this hotel will be a success for many years
to come."
"The opening of this hotel will be followed by the opening of
Staybridge Suites Rawdath Abu Dhabi, which is also owned by Action
Hotels, in 2015. We are pleased to have established such a great
relationship with the company and we look forward to further
opportunities to partner together in the future."
Alain Debare, Chief Executive of Action Hotels thanked the
parties involved and commented 'Action Hotels is proud to have
successfully completed this fine property and to bring back the
Holiday Inn brand in Oman. Our focus is on branded mid market
hotels where we believe there is significant growing demand,
especially in the Middle East, with increased intra-regional travel
and the growth of low cost airlines making travel easier and more
affordable than ever before. As a business, we also believe that
hotels play an important role in their contribution to the local
economy where they are based and that is very important to us as
Action Hotels."
-Ends-
For further enquiries, please contact:
Action Hotels plc
Katie Shelton, Director of Communications +44 (0) 77 9977 0588
Sanlam Securities UK Limited
Lindsay Mair/Virginia Bull (Corporate Finance)
Catherine Miles (Corporate Broking) +44 (0) 20 7628 2200
About Action Hotels
www.actionhotels.com
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
Pipeline projects (one in Australia and the remainder in the
GCC).
This information is provided by RNS
The company news service from the London Stock Exchange
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