Action Hotels PLC Appointment of Group Chief Financial Officer (7116M)

TIDMAHCG

RNS Number : 7116M

Action Hotels PLC

11 May 2015

Action Hotels PLC

("Action Hotels" or "the Company")

Appointment of Group Chief Financial Officer

Action Hotels, a leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is pleased to announce the appointment of Krishnamurthy Sundaresan (Krish) as the Company's Chief Financial Officer with effect from 17 May 2015.

Krish is a chartered accountant with over 22 years of experience in senior finance positions at international companies in the Middle East, Singapore, Japan, Australia and India. He has particular experience in real estate and hospitality having demonstrated success in roles such as Group CFO of Abu Dhabi Capital Group, a multibillion dollar investment firm, Group CFO of Deyaar PJSC, a real estate company listed on the Dubai Financial Market and Senior Vice President of Dubai Investment Group Real Estate and Hospitality, an investment company with assets under management of USD $2billion at the time. He was also Regional Finance Manager for IKEA, South East Asia between 2000 and 2005.

Alain Debare, Chief Executive Officer, said:

"I am delighted to welcome Krish to our senior management team as Group Chief Financial Officer. Krish has a wealth of experience in real estate and hospitality and having lived and worked in the Middle East for over 10 year will be a valuable addition to our team as we accelerate our roll out of hotels in the Middle East and Australia"

For more information please contact:

 
 Action Hotels PLC                       Tel: +44 (0) 20 
                                          7907 9663 
 Alain Debare, Chief Executive Officer 
 Katie Shelton, Director of Corporate 
  Affairs 
 
 
 Investec Bank plc (NOMAD & Broker)       Tel: +44 (0) 20 
                                           7597 5970 
 Chris Treneman / David Anderson / Josh 
  Levy

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 operates eight hotels with 1,488 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

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