LONDON, UK: Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, announced the acquisition of a freehold property in the centre of Brighton, from the University of East Sussex, by Safe Hostels Ltd, a 100% owned subsidiary of and guaranteed by Safestay Plc, with the intention of converting it into…
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Safestay Plc has bought Hotel Lineros in a €2 million
LONDON: Safestay Plc (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, announced the acquisition of the Hotel Lineros from Mr. Antonio Medina Molera, Ms. Carmen Fernandez Gude and A. MEDINA MOLERA, S.L.U. The property has 30 freehold bedrooms and is situated in the very centre of the ancient city of…
Safestay Plc has agreed to acquire Edinburgh Hostel for £4.3 million
LONDON, UK: Safestay Plc (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, has agreed to acquire a freehold property in the centre of Edinburgh, which until a few years ago operated as a hostel, for cash consideration of £4.3 million. The property is an attractive and spacious Grade A listed…
Safestay Plc selling Edinburgh Hostel to a&o Hotels and Hostels for £16 million
LONDON: Safestay Plc has entered into conditional sale and purchase agreements to sell the Edinburgh Hostel to a&o Hotels and Hostels for a cash consideration of £16 million payable at completion, representing a 22% premium to the £13.4 million book value. The 2019 annual EBITDA of the hostel pre-COVID 19 was £1.7 million. The Group…
Safestay acquires hostels in Warsaw, Prague and Bratislava for €3.7mn
LONDON, UK: Safestay Plc, the owner and operator of an international brand of contemporary hostels, has acquired acquisition of three hostels in Warsaw, Prague and Bratislava from Dreamgroup Management E.C.P. Ltd for a total consideration of €3.7 million. It has increased Safestay’s network to more than 5,000 beds across 21 hostels, all centrally located in…
Safestay acquires Hotel Auberge in Berlin for €1.2 million
LONDON, UK: Safestay Plc, the owner and operator of an international brand of contemporary hostels, has acquired the Hotel Auberge in central Berlin for €1.2 million. Currently operating as a 32 bedroom hotel, the Hotel Auberge is ideally suited to being converted into a modern 150 bed Safestay Hostel. Commenting on the acquisition, Larry Lipman,…