BRIEF: Action Hotels Disposes Stake In Investment Land At Dubai's Media City

Action Hotels PLC AHCG.L :

* DISPOSAL OF INTEREST IN INVESTMENT LAND

* ENTERED INTO CONDITIONAL SALE AND PURCHASE AGREEMENT WITH APEX INVESTMENTS LIMITED

* TO DISPOSE OF 100% INTEREST IN 5,553.5 SQUARE METRE PLOT OF INVESTMENT LAND LOCATED IN INNOVATION HUB, WITHIN DUBAI'S MEDIA CITY

* ACQUIRER AGREED TO PAY GROUP AN AGGREGATE CONSIDERATION OF AED 38.5M

Source text for Eikon: ID:nRSP1193Ea Further company coverage: AHCG.L

((Reuters.Briefs@thomsonreuters.com;))