Safestay PLC Completion of Acquisition (5429R)
30 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMSSTY
RNS Number : 5429R
Safestay PLC
30 October 2019
30 October 2019
Safestay plc
("Safestay", the "Company" or the "Group")
Acquisition of Glasgow Hotel
Further to the announcement made on 18 September 2019, Safestay
(AIM: SSTY), the owner and operator of an international brand of
contemporary hostels, is pleased to announce that it has completed
the acquisition of the 'Best Western Glasgow City Hotel', for
GBP3.15 million.
Larry Lipman, Chairman of Safestay, said:
"Glasgow is a popular city and this site is therefore a strong
addition to our portfolio, once the conversion is complete from 52
bed hotel to 200 bed hostel, we anticipate Safestay Glasgow will
work extremely well for us alongside our 610 bed site in
Edinburgh."
Enquiries
Safestay plc +44 (0) 20 8815 1600
Larry Lipman
Canaccord Genuity Limited
(Nominated Adviser and Broker) +44 (0) 20 7523 8000
Bobbie Hilliam
Novella +44 (0) 20 3151 7008
Tim Robertson
Fergus Young
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/
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END
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