“Action Group Holdings” announced its partnership with “Tulip Inn Ras al Khaimah”, in UAE, by acquiring the leasehold interest of “Tulip Inn Ras al Khaimah”. It’s worth to mention that the acquired leasehold was announced by “Action Hotel” in October 2014.
“AIM Company,” said that the new partnership with “Action Group Holdings” will add a great value to its shareholders.
“Action Group Holdings” explained that the partnership will acquire the land and the building with $6.5 million, and the total cost of the project will be $6.3million.
The Hotel is currently is under the completion Stage which is expected to be finished during the first quarter of 2016.