|By PR Newswire||
|December 23, 2013 08:07 AM EST||
LONDON, December 23, 2013 /PRNewswire/ --
Edison Investment Research, a leading international investment research firm, announces the first day of dealings by Action Hotels (Action), a hotel developer, owner and asset manager with a clear roll-out strategy, primarily in the under-supplied Middle East economy and midscale market, as well as the stable Australian market.
Action Hotels is the first Middle East-based IPO available to AIM investors in the current upturn. Founded and grounded in the region, it has created an effective platform for growth. Edison's report, Louder than words, examines Action Hotels' next phase, powered to increase room inventory by 150% in three years with resulting enhancements to results. At a 9% discount to NAV, with a 1.5% yield for 2013 and 3.4% for 2014, the shares are attractively priced.
For the full report see: http://www.edisoninvestmentresearch.com/search/Action%20Hotels
About Edison Investment Research
The report on Action Hotels is part of a programme of research expansion on travel & leisure companies exposed to global market opportunities. Edison provides detailed research coverage on more than 30 consumer companies in Europe, North America, Australia and New Zealand. Its team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. It provides services to more than 400 retained corporate and investor clients from offices in London, New York, Frankfurt, Sydney and Wellington. All reports Edison publishes are available to download free of charge from its website http://www.edisongroup.com.
Edison is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
About Action Hotels
Action Hotels is an owner, developer and asset manager of branded three- and four-star economy and midscale hotels in the Middle East and Australia. The company began trading on AIM on 23 December raising £30.5m gross.
For more information please contact:
Paul Hickman, Edison Investment Research, +44-(0)20-3681-2501
Neil Shah, Edison Investment Research, +44-(0)20-3077-5715