Safestay(SSTY.L) Ambitious, achievable, safe growth
Safestay owns two hostels, with the ambition to expand significantly. Thiswill likely partly be funded by equity issuance. Its experienced management
team, we expect will execute a profitable roll-out of the hostel model.
Occupancy, pricing and forward booking is strong. Safestay was demerged in
2014 from Safeland, a quoted plc with a track record of successful
demergers. This demerger record adds further to our confidence on
SafestayÂ’s expansion, the two businesses having key directors in common.
Safestay owns two hostels, with the ambition to expand significantly. This
will likely partly be funded by equity issuance. Its experienced management
team, we expect will execute a profitable roll-out of the hostel model.
Occupancy, pricing and forward booking is strong. Safestay was demerged in
2014 from Safeland, a quoted plc with a track record of successful
demergers. This demerger record adds further to our confidence on
SafestayÂ’s expansion, the two businesses having key directors in common.
SafeStay is an operator in the luxury hostel market. Co. is engaged in the operation and development of upmarket backpacker/tourist hostels under the Safestay brand in properties that are either owned or occupied on long leasehold. Co.'s hostels include Safestay London Elephant & Castle, Safestay London Holland Park, Safestay York, and Safestay Edinburgh.
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