Action Hotels offloads Dubai development site
16th Oct 2018 15:02
(Sharecast News) - Owner, developer, and asset manager of branded three and four-star hotels in the Middle East and Australia, Action Hotels, has entered into a conditional sale-and-purchase agreement with Apex Investments to dispose of its 100% interest in the 5,553.5 square metre plot of investment land located at the Innovation Hub within Dubai's Media City, it announced on Tuesday.
Read moreAction Hotels' chief executive steps down after a decade on the job
6th Sep 2018 13:56
(Sharecast News) - Action Hotels' chief executive Alain Debare stepped down from the group's board on Thursday.
Read moreAction Hotels receives 24p a share offer from largest shareholder
3rd Aug 2018 15:23
(Sharecast News) - AIM-listed Action Hotels said agreement had been reached with Action Group, its largest shareholder, on a takeover.
Read moreDirector dealings: Action Hotels founder ups stake
5th Jan 2017 16:20
(ShareCast News) - Action Hotels chairman Sheikh Mubarak Al Sabah took his stake in the Kuwaiti owner, developer and asset manager of branded hotel franchises in the Middle East to just under 66% as announced good news for its largest sites in Australia. The AIM company's founder, a graduate of Sand
Read moreAction Hotels opens third Oman hotel
5th Dec 2016 11:16
(ShareCast News) - AIM-listed Action Hotels has opened its third hotel in the Oman, the Mercure Sohar. The 1512 bedroom hotel in the company's ninth partnership with AccorHotels and the first Mercure branded property in its portfolio. The hotelier said that since opening on 1 December early busines
Read moreAction Hotels pockets $2.2m profit on Kuwait land sale
7th Nov 2016 09:06
(ShareCast News) - Action Hotels has completed the sale of its undeveloped land at the Sharq site in Kuwait, pocking a profit of around $2.2m based on the original purchase price in June 2014. The company agreed the sale to Action Real Estate Company for a cash consideration of approximately $14.6m,
Read moreAction Hotels wins award for Brisbane property
20th Oct 2016 11:03
(ShareCast News) - Middle East and Australia-focused hotel owner, developer and asset manager Action Hotels announced on Thursday that ibis Styles Brisbane Elizabeth Street has won a 'Best Economy Hotel' award at the 2016 HM Awards. The AIM-traded firm said the Hotel Management Awards have recognise
Read moreDirector dealings: Limerick doubles stake in Roxi Petroleum
5th Jul 2016 14:52
(ShareCast News) - Roxi Petroleum director Edmund Limerick has doubled his stake in the Central Asian oil and gas company as it battles to advance several wells towards production. Limerick, a former investment banker, diplomat and Central Asia specialist, bought 550,000 ordinary shares at a pri
Read moreAction Hotels appoints Lindley as finance chief
25th Apr 2016 11:38
(ShareCast News) - Branded hotel owner, developer and asset manager Action Hotels brought some stability to its finance department on Monday, announcing the appointment of Andrew Lindley as its finance director. The AIM-traded company confirmed Lindley was taking over on 1 June from Katie Shelton, w
Read moreAction Hotels chairman Al-Sabah buys shares from director
22nd Jan 2016 15:07
(ShareCast News) - Action Hotels founder and chairman, Mubarak Al-Sabah, purchased 1.5m shares in the Middle East and Australian hotel operator at 48p each from development director Rawaf Bourisli. Following the deal, Al-Sabah has 97m shares, or a 65.74% stake in the company, while Bourisli now h
Read moreAction Hotels acquires Melbourne Airport hotel
12th Oct 2015 10:27
(ShareCast News) - Action Hotels has completed the acquisition of the ibis Budget hotel at Melbourne Airport, Australia. The AIM company announced the completion of the AUD$8.8m (£4.2m) deal on Monday. The acquisition brings the number of Action Hotels' operating hotels to nine, with 1,561 rooms.
Read moreAction Hotels opens first Premier Inn in UAE
13th Aug 2015 11:04
(ShareCast News) - Action Hotels has opened its first hotel in the United Arab Emirates in partnership with Premier Inn. It said the hotel, which opened on Wednesday in the centre of Sharjah, has 168 rooms. "Following a delay in its opening due to the resolution of power and snagging issues the hot
Read moreAction Hotels to open third hotel in Kuwait for 2017
29th May 2014 09:40
AIM-listed Hotel developer Action Hotel announced plans to open its third hotel in Kuwait worth $12.3m. The new 160-room hotel, which is being built in the business district of Kuwait, Sharq, is part of a new addition to the group's existing pipeline of hotels in the Middle East and Australia. Th
Read moreMonitise Chairman acquires first round of shares
11th Apr 2014 16:02
Monitise on Friday said that its Non-Executive Chairman, Peter Ayliffe, had acquired 250,000 shares in the payment solutions company. Ayliffe, who paid 57.13p a share and spent £142,825 altogether, was appointed to his current role in October last year, having previously been a non-executive for n
Read moreAction Hotels debut results show plenty of room to grow
7th Apr 2014 12:23
Maiden results from Middle East hotels group Action Hotels, which floated on AIM in December, were encouraging with revenues and earnings on the up. The company, which in March opened its sixth hotel, lifted revenue 5.4% to $29.8m, with average daily rate increased by 5.8% to $105 and revenue per
Read more