Safestay agrees sale-and-leaseback of Brighton property
25th Nov 2025 16:33
(Sharecast News) - Safestay announced on Tuesday that it has agreed a sale-and-leaseback of its Brighton freehold property for £3.125m, a move the hostel operator said would strengthen its balance sheet and support long-term growth plans.
Read moreSafestay H1 adjusted EBITDA falls 28pc
23rd Sep 2025 09:40
(Sharecast News) - Hostel operator Safestay said on Tuesday that first-half revenue and profits had fallen, as macroeconomic pressures and softer demand weighed on performance across its European portfolio.
Read moreSafestay inks first franchise agreement in Austria
18th Aug 2025 09:03
(Sharecast News) - Hostel operator Safestay said on Monday that it has signed its first franchise agreement with Sycomore Entwicklungen.
Read moreSafestay signs 12-year lease agreement with Italy's Ma Creo
30th Jun 2025 08:30
(Sharecast News) - Hostel operator Safestay said on Monday that it has inked a 12-year lease agreement to operate a 300-bed hostel in the centre of Naples, Italy.
Read moreSafestay appoints new finance chief
26th Jun 2025 15:24
(Sharecast News) - Safestay announced the appointment of Carlos Salas Dual as its chief financial officer on Thursday, with effect from 30 June, replacing Paul Hingston, who had resigned after three years in the role.
Read moreSafestay FY24 losses narrow on record revenues
23rd Jun 2025 08:41
(Sharecast News) - Hostels operator Safestay said on Monday that losses had fallen in FY24, principally due to record revenues.
Read moreSafestay secures £1.4m payout for Covid-19 interruptions
16th Jun 2025 16:09
(Sharecast News) - Safestay announced on Monday that it has secured a £1.4m payout from a business interruption insurance claim related to the impact of the Covid-19 pandemic.
Read moreSafestay receives planning approval for Brighton hostel
7th Apr 2025 08:58
(Sharecast News) - Hostel operator Safestay said on Monday that it has received planning approval to develop a new 170-bed hostel in Brighton.
Read moreSafestay revenues hit record highs in FY24
3rd Feb 2025 08:04
(Sharecast News) - Hostel operator Safestay said on Monday that revenues hit a fresh record high in FY24 despite continued cost-of-living pressures impacting its core young traveller demographic.
Read moreSafestay enters strategic tech partnership with Cloudbeds
27th Jan 2025 15:36
(Sharecast News) - Safestay announced a strategic partnership with hospitality management platform Cloudbeds on Monday, as part of its 'platform for growth' strategy aimed at enhancing guest experience and driving operational efficiency.
Read moreSafestay reports 23pc rise in first-half earnings
5th Sep 2024 12:06
(Sharecast News) - Hostel operator Safestay reported a 23% increase in first-half EBITDA on Thursday, reflecting significant operational progress and portfolio expansion.
Read moreSafestay acquires leasehold property in Budapest
13th Aug 2024 12:33
(Sharecast News) - Hostel operator Safestay announced the strategic acquisition of a leasehold property in Budapest on Tuesday, as part of its continued expansion into key European cities.
Read moreSafestay gives bright outlook as bookings surge
7th Jun 2024 07:45
(Sharecast News) - International hotels and hostels group Safestay saw losses widen in 2023 despite revenues rising by nearly a fifth, but gave an optimistic outlook with forward bookings up significantly so far this year.
Read moreSafestay 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.
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