Safestay buys AthenStyle for EUR1.5m
28th Oct 2019 10:44
(Sharecast News) - Hostels operator Safestay has exchanged contracts to buy Athens-based hostel AthenStyle for €1.5m in a deal that is expected to complete in January.
Read moreSafestay to develop 660-bed Venetian hostel
24th Sep 2019 08:45
(Sharecast News) - Hostel operator Safestay has entered into a joint-venture partnership with Maltese firm EOS Sicav to develop a 660-bed hostel in Venice.
Read moreSafestay buys Glasgow hotel for ?3.15m
18th Sep 2019 09:17
(Sharecast News) - Hostel operator Safestay has agreed to acquire the freehold of its fifteenth hostel, currently operating as Best Western Glasgow City Hotel.
Read moreSafestay acquires 161-bed Tuscan hostel for €3.25m
13th Jun 2019 09:01
(Sharecast News) - Hostels operator Safestay acquired the freehold of Hostel Pisa in Italy's famous Tuscany region for €3.25m on Thursday, satisfied in cash from the group's existing resources.
Read moreWednesday broker round-up
10th Apr 2019 13:02
(Sharecast News) - Glencore: RBC Capital Markets downgrades to sector perform with a target price of 330p.
Read moreTuesday broker round-up
5th Feb 2019 12:22
(Sharecast News) - Morrison: Berenberg upgrades to buy with a target price of 285p.
Read moreSafestay revenues boosted by new sites on the Continent
5th Feb 2019 10:30
(Sharecast News) - Hostel operator Safestay saw revenues and earnings move ahead in its last trading year, driven in part by the addition of new sites in Barcelona, Brussels and Vienna.
Read moreSafestay acquires 52-room property in central Vienna
31st Oct 2018 11:05
(Sharecast News) - Hostel operator Safestay has successfully secured a long-term 20- year lease at a site in central Vienna.
Read moreSafestay acquires eighth European property for €1.6m
11th Oct 2018 09:05
(Sharecast News) - Hostel operator Safestay has acquired the Hotel Opera in central Brussels, its eighth European property, for a total of €1.6m.
Read moreSolid demand drives Safestay's first half
25th Sep 2018 14:54
(Sharecast News) - Hostel owner and operator Safestay announced its unaudited interim results for the six months ended 30 June on Tuesday, reporting "good demand" across its portfolio, leading to a strong first half trading performance.
Read moreTuesday broker round-up
25th Sep 2018 12:57
(Sharecast News) - Wetherspoons: Peel Hunt downgrades to hold with a target price of 1,325p.
Read moreCanaccord cuts Safestay to 'hold' from 'buy'
7th Feb 2017 10:44
(ShareCast News) - Canaccord Genuity has cut its rating on Safestay to 'hold' from 'buy' and lowered the target price to 42p from 65p after the budget accommodation provider said 2016 was a "difficult year". In a pre-close trading statement, Safestay said its performance in 2016 was affected by po
Read moreSafestay affected by political instability but confident about outlook
6th Feb 2017 09:12
(ShareCast News) - Safestay's trading performance for 2016 was affected by political instability, low visitor numbers in London and terror attacks in France, but the hostel owner and operator remains confident about its outlook this year. The AIM-listed company said that 2016 was a "difficult year"
Read moreSafestay chief exec Philip Houghton to step down
2nd Dec 2016 12:44
(ShareCast News) - Safestay's chief executive Philip Houghton will step down from his role on 31 December. The company, which owns and operates a new brand of contemporary hostel, also announced the non-board appointment of Nuno Sacramento - currently head of customer operations at Carillion - as ch
Read moreSafestay sinks below NAV after interim loss grows
12th Sep 2016 11:03
(ShareCast News) - Safestay, the 'boutique hostel' chain founded by serial entrepreneur Larry Lipman, more than doubled sales in the first half but reported a larger loss before tax. The AIM-listed company, which was created to fill a perceived gap in the market for "stylish, spotlessly clean, safe
Read more