15 August 2024
Safestay PLC
("Safestay")
Result of AGM
Safestay PLC (AIM: SSTY), one of Europe's largest hostel groups, is pleased to announce that at its Annual General Meeting, held on 15 August 2024 at 9:00am at Safestay London Elephant & Castle, all the resolutions as set out in the Notice of Annual General Meeting were passed.
ENDS
Enquiries
Safestay PLC Larry Lipman | Tel: +44 (0) 20 8815 1600
|
Shore Capital (Nomad & Broker) Tom Griffiths/Harry Davies-Ball
| Tel: +44 (0) 20 7408 4090 |
Hudson Sandler (Financial PR) Alex Brennan/Lucy Wollam
| Tel: +44 (0) 20 7796 4133 safestay@hudsonsandler.com |
For more information visit our:
Website www.safestay.com
Vox Markets page https://www.voxmarkets.co.uk/company/SSTY/news/
Instagram page www.instagram.com/safestayhostels/
Notes to Editors
About Safestay PLC
Safestay PLC is one of Europe's largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.
Safestay's portfolio of 19 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.
The Group currently offers 3,580 beds across its locations and sold 848,633 bed nights in 2023, a 17% increase against the prior year.
Safestay's mission at each of its locations is to provide a safe, inclusive, and enjoyable space that caters to the needs of different travellers. Its properties offer first-class locations and thoughtful designs that cater for the different needs of travellers, from digital nomads to backpackers and from families to group travellers.
The company's strong growth momentum continues and during 2024 has announced the acquisition of a freehold hotel property in Brighton and a hotel in central Cordoba, Spain, with the intention of converting these into a 220-bed hostel and 100-bed hostel respectively, as well as the signing of its first management contract for a 120-bed hostel on Spain's Costa Blanca.
*Source - Markets and Research, August 2022
Safestay's pan-European locations include:
· Barcelona Passeig de Gracia, Spain
· Berlin Kurfurstendamm, Germany (hotel)
· Bratislava Presidential Palace, Slovakia
· Brighton, UK (in development)
· Calpe Seafront, Costa Blanca, Spain
· Cordoba Mezquita Cathedral, Spain
· Brussels Grand Place, Belgium
· London Elephant & Castle, UK
· London Kensington Holland Park, UK
· Lisbon Bairro Alto, Portugal
· Prague Charles Bridge, Czeck Republic
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