With three hotels under construction and seven in the pipeline, Kuwait-based Action Hotels aims to be the largest budget hotel chain in the Middle East, said the company's chairman, Sheikh Mubarak Abdulla Al Mubarak Al Sabah. Speaking to delegates today at the Arabian Hotel Investment Conference in Dubai, Al Sabah said the company is seeking to take advantage of the lack of affordable accomodation in the Middle East, especially in gateway cities in the region. Action currently operates four hotels in the Middle East, and plans to increase its total number of rooms in the region to 3,700 in five years.
You might also like...
Amiral cogen eyes financial close
26 April 2024
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.