12th Oct 2015 07:00
12 October 2015
Action Hotels PLC
("Action Hotels")
Completion of acquisition of ibis Budget hotel at Melbourne Airport
Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is pleased to announce that further to the announcement on 1 July 2015, the acquisition of the business and assets of the 73 room ibis Budget hotel at Melbourne Airport, Australia, is now complete.
The addition of ibis Budget Melbourne Airport brings the number of Action Hotels' operating hotels to nine with 1,561 rooms, up 1500 from the announced pipeline at the time of IPO, without raising further equity. In addition, Action Hotels has a fully funded development pipeline of nine hotels and a further 1,332 rooms, taking the total operating and committed pipeline hotels to 2,893 rooms.
For more information contact:
Action Hotels PLC | Tel: +44 (0) 20 7907 9663 |
Alain Debare, Chief Executive Officer |
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Katie Shelton, Director of Corporate Affairs |
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Investec Bank plc (NOMAD & Broker) | Tel: +44 (0) 20 7597 4000 |
Chris Treneman / David Anderson / Josh Levy |
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Camarco (Press enquiries) | Tel: +44 (0) 20 3757 4980 |
Billy Clegg/ Jennifer Renwick/ Tom Huddart |
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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 nine hotels with 1,561 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/
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