Safestay acquires Cordoba hotel for EUR 2m
1st May 2024 13:34
(Sharecast News) - Safestay announced the acquisition of Hotel Lineros in Cordoba, Spain on Wednesday, for €2m.
Read moreSafestay secures first management contract
17th Apr 2024 09:12
(Sharecast News) - Hostel operator Safestay has inked its first management contract to run the resort-based 120-bed Calpe Seafront Hostel on Spain's Costa Blanca.
Read moreSafestay FY trading 'comfortably in line' with market expectations
29th Jan 2024 10:24
(Sharecast News) - Safestay said on Monday that full-year trading was set to be "comfortably in line" with market expectations.
Read moreSafestay ends strategic review, exits formal sale process
2nd Mar 2022 15:06
(Sharecast News) - Safestay announced the end of its strategic review and formal sale process on Wednesday, having announced its intention to consider its strategic options - including the possibility of a sale of the business - in September.
Read moreSafestay accepts £16m offer for Edinburgh hostel
1st Jul 2021 10:49
(Sharecast News) - Hostel operator Safestay has completed the sale of its Edinburgh hostel to a&o Hotels and Hostels, it announced on Thursday, for a cash consideration of £16m.
Read moreSafestay to sell Edinburgh hostel to pay down debt, shore up cash
26th Mar 2021 14:49
(Sharecast News) - Hostel operator Safestay has entered into conditional sale and purchase agreements to sell its Edinburgh Hostel to a&o Hotels and Hostels, it announced on Friday, for £16m in cash on completion, representing a 22% premium to its £13.4m book value.
Read moreSafestay sells smallest Barcelona hostel for EUR 0.9m
2nd Mar 2021 13:22
(Sharecast News) - Hostel operator Safestay announced the agreed sale of the smallest of its three hostels in Barcelona, 'Barcelona Sea', a leasehold site with 96 beds, to Beds and Foods Barcelona for €0.9m (£0.78m).
Read moreSafestay temporarily closing eight hostels, cuts senior staff costs
13th Oct 2020 10:03
(Sharecast News) - Hostel operator Safestay announced it was temporarily closing eight hostels on Tuesday, reducing its available bed stock to 45%, trading from eight hostels.
Read moreSafestay contemplates sales-and-leaseback deals
24th Aug 2020 10:46
(Sharecast News) - Hostel operator Safestay said on Monday that it was contemplating sales-and-leaseback deals as part of an effort to free up some cash due to continued uncertainty stemming as a result of the Covid-19 pandemic.
Read moreFriday broker round-up
29th May 2020 13:18
(Sharecast News) - Admiral Group: Barclays downgrades to equal weight with a target price of 2,304p.
Read moreWednesday broker round-up
15th Apr 2020 13:36
(Sharecast News) - Reckitt Benckiser Group: Credit Suisse upgrades to neutral with a target price of 5,900p.
Read moreSafestay sees 'material reduction' in bookings following coronavirus outbreak
10th Mar 2020 10:17
(Sharecast News) - Hostels operator Safestay said on Tuesday that the Wuhan coronavirus outbreak has had a negative impact on bookings across its entire network.
Read moreSafestay revenues and earnings on the rise as hostel network expands
3rd Feb 2020 11:07
(Sharecast News) - Hostel operator Safestay posted improved full-year revenues and adjusted underlying earnings on Monday after having nearly doubled the size of its network during 2019.
Read moreSafestay buys hostels in Warsaw, Prague, Bratislava
18th Dec 2019 08:14
(Sharecast News) - Hostel owner and operator Safestay said on Wednesday that it has bought three hostels in Warsaw, Prague and Bratislava from Dreamgroup Management for €3.7m.
Read moreFriday broker round-up
22nd Nov 2019 12:43
(Sharecast News) - Kingfisher: HSBC downgrades to reduce with a target price of 150p.
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