Zeus Capital Head of Research Mike Allen talks to DirectorsTalk about Action Hotels Plc (LON:AHCG). Mike talks us through the highlights of the H1 results, explains why he thinks the company is attractive and shares his trading outlook. We then caught up with CEO Alain Debare to talk about Action interim financial statements for the six months ended 30 June 2016, Alain talks us through the highlights, tells us how the new hotels are performing, explains how their hotels break even so quickly and whats next for action this year.
Action Hotels plc is a hotel owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia. The principal activities of the Company and its subsidiaries are owning, developing and operating hotels in the Middle East. The Company operates through four segments: Middle East hotel operations, Australia hotel operations, Hotels under construction and Undeveloped land sites. It has completed properties offering approximately 2,000 guest rooms in over six countries. The Company’s property portfolio includes 1,050 square meters development land Sharq, ibis Sharq, ibis Salmiya, ibis Styles, ibis Seef, Premier Inn Sharjah, ibis Amman, Tulip Inn Ras Al Khaimah, Development land Dubai Healthcare City, Tulip Inn Modon Jeddah, Mercure Riyadh Olaya, Staybridge Suites, Mercure Sohar, Holiday Inn Al Seeb, ibis Muscat and Development land Dubai Media City. The Company operates in the United Arab Emirates, Kuwait, Oman, Bahrain, Jordan and Australia.
