Established 2005. AIM-listed since December 2013. Six hotels running, plus 3 more opening in 2014 and another five in 2015/16.
Website www.actionhotels.com

Targeting what they regard as a gap in the market, for mid-price and smart budget hotels in the middle east region. Also Australia. Working in conjunction with known brands such as Whitbread's Premier Inn, Intercontinental, Holiday inn, Accor.

"Action Hotels Company (AHC) is an owner, developer and asset manager of branded three and four star hotels in the Middle East.
Established in 2005, our business operates six hotels with a further three due to open by the end of 2014. Furthermore, AHC has a strong development pipeline which will see its portfolio increase to 14 hotels providing a total of over 2500 rooms by the end of 2016."

First Results Monday 7 April 2014



At Dec 23 2013:
Action Group Holding Company (K.S.C.C) hold 95,585,648 shares (64.7%)
Blakeney Funds hold 14,291,159 (9.7%)
Legal & General Investment Management hold 4,763,720 (3.2%)
Schroders Investment Management Limited hold 4,687,500 (3.2%)
The percentage of the Company's issued share capital that is not in public hands is 69.79%. (ie, 30.21% is)


gulfnews.com 2 April 2014 ".... The emirate is trying to diversify its hotel offering. The government introduced an incentive last year to build more three- and four-star hotels. A 10 per cent municipality fee will be waived for five years for newly developed three- and four-star hotels that expect to operate before June 2017
Also, government land will be allocated for the development of hotels in this segment.."

Shares Magazine today devotes a page to AHCG and rates it a BUY.

Action to open first hotel in Riyadh


Action Hotels, a leading upscale property developer in the Middle East and Australia, plans to invest $8 million in the opening of its first hotel in Riyadh, Saudi Arabia.

The 130-room property, which will see the conversion of an existing office building into a three-star hotel, is ideally located on Olaya Street in the Olaya district, the fast-growing financial and hospitality heart of Riyadh City.

"There is great potential for Action Hotels in the kingdom, and in Riyadh in particular. Although the Riyadh hotel market is a mature market, there is considerable demand for mid-economy branded hotels from the corporate segment, yet this segment is currently under supplied," said Alain Debare, CEO, Action Hotels.

The conversion project is scheduled to open in the second quarter of 2016.

Moreover, Action Hotels has signed a 20-year operating lease agreement, and is finalising the terms of a long-term management agreement with a leading hotel brand.

The addition of this hotel in Riyadh brings the brands development pipeline to nine hotels with 1,514 rooms and a combined operating hotels and committed pipeline to a total of 3,002 rooms.

Sheikh Mubarak A M Al Sabah, founder and chairman of Action Hotels, said: “Saudi Arabia is an attractive market for us, being the largest country in the region and having recently undertaken a widespread, long-term strategy for non-oil economic diversification driving business travel. This new hotel is a great addition to Action Hotels’ portfolio and the prime location of the property is a very strong statement for our first hotel in Saudi Arabia’s capital city.”

http://www.tradearabia.com/news/TTN_280816.html

Mid-range rise reshaping GCC hospitality industry


JEDDAH – Leading experts from the hospitality sector say the rise of the mid-range is reshaping the industry in the region.

“There has been a growing diversification of the hotel industry, largely due to growing demand from price conscious international tourists and business travelers who want something other than the full five-star luxury experience at premium prices,” said Mark Shea, Faithful+Gould’s head of hospitality in the Middle East, who made the forecast ahead of the Arabian Hotel Investment Conference (AHIC) set to take place at the Madinat Jumeirah, Dubai on May 5-7, 2015.

Faithful+Gould, the world-leading leading integrated project and program management consultancy which specializes in the hospitality sector in the GCC, will lead a roundtable discussion on the hospitality sector at AHIC, gathering industry experts who will share their insights on the opportunities and challenges confronting the hospitality sector throughout the region.

Refurbishments and conversions will also be a key focus of AHIC, with Faithful+Gould Project Director Simon Enders leading a presentation on Getting Under the Skin of Refurbishments and Conversions, which will assess the feasibility of doing renovations on existing properties, including achieving maximum results with the least possible spend.

While the upmarket hotel segment has traditionally dominated the Middle East hotel landscape, the rise of the mid-range is reshaping the hospitality industry in the region.

According to Shea, medical and religious tourism are also fueling the growth of the mid-market range, which “could provide profitable long-term investment.”

Saudi Arabia currently offers huge opportunity for mid-range investment. The Kingdom’s 2030 strategy includes a significant focus on tourism, as well as reinforcing provision for existing high numbers of religious tourists.

In recent years, hotel infrastructure build up has seen intense activity in the Gulf, with two mega international events set to take place in the region.

In Dubai, the Department of Tourism and Commerce Marketing (DTCM) estimates that a total hotel room supply of 140,000 to 160,000 rooms will be required by 2020, an increase from the current supply of approximately 90,000 rooms, with a further 10,000-plus rooms being reported as needing refurbishment prior to World Expo 2020.

In Qatar, experts estimate about 45,000 hotel rooms are required to meet FIFA 2022 World Cup capacity requirements, with 21 hotels planned for construction by 2017.

“Each city has its own supply and demand characteristics. Dubai is a mature tourism destination, whereas Doha is emerging and has the challenge of maintaining momentum until the World Cup Qatar 2022. However both markets have room for mid-range provision,” Shea added.

Elsewhere in the region, Muscat, Manama and Kuwait City all have a growing need for mid-market provision. “Locations that maximize the asset’s potential mid-range hotels may be a more lucrative investment if provided as part of a mixed use development, rather than as stand-alone assets.

Considering versatile use of mid-market hotel accommodation can make better use of the building’s footprint. Mid-market hotels generally do not require lavish reception areas, and as a result, the hotel facility can be situated on the upper floors, releasing the ground floor to optimize retail footfall potential. In addition to new build opportunities, some areas have potential for converting old office buildings into mid-range hotels,” Shea further said.

Industry stakeholders looking to take advantage of opportunities in the hospitality segment could gain a lot of insights at the roundtable discussion to be led by Faithful+Gould, and will include experts such as Rawaf Bourisli, Director of Development, Action Hotels & General Manager, Board Member, Action Real Estate Company (KSCC); Paul Diab, Vice President-Operations, Golden Tulip MENA; and Hubert Viriot, CIO–IFA Hotels & Resorts and CEO –Yotel Ltd, UK. They will discuss build up models as well as funding approaches that could prove critical for contractors looking to enter the market for mid-range products. — SG


http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20150430242199

Who Should Attend?Date:

Wednesday 4th November 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by: