Monday 20 May 2019

Sheikh Al Sabah and Landais signing the agreement

Action, Accor sign third Kuwait hotel deal

KUWAIT, November 17, 2014

Action Hotels, an owner, developer and asset manager of branded three- and four-star hotels in the Middle East and Australia, has recently signed a hotel management agreement (HMA) with Accor Group for the long-term management of Action’s third hotel in Kuwait.

The agreement for the 160-room four-star Novotel property was signed by Action Hotel’s chairman Sheikh Mubarak Abdulla Mubarak Al Sabah and Christophe Landais, chief operating officer, Accor Hotel Services Middle East.

 “This is the first Novotel in Kuwait and confirms Accor’s commitment to bringing world-class mid-market hotels to the region. Our partnership with Action Hotels which started back in 2007 is highly significant in this plan,” Landais said.

The construction of the freehold hotel is expected to cost approximately $29million in addition to the $12.3 million cost of the plot, said Action Hotel’s CEO Alain Debare.

The Novotel Sharq is an addition to the pipeline of hotels announced at the time of Action Hotel’s IPO in December 2013. The company’s current operating portfolio consists of six hotels, of which five are in the Middle East and one in Australia.  The pipeline includes another nine hotels that will open by the end of 2016, with new openings in Bahrain and Sharjah expected by the end of 2014. – TradeArabia News Service

Tags: Kuwait | Accor group | Action Hotels | Novotel |

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