Safestay plc (GB:SSTY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Safestay plc expands its presence in Spain with the acquisition of the Hotel Lineros in Cordoba, with plans to convert it into a 100-bed hostel under the Safestay brand. The property, which features local Moorish architecture and is close to major tourist attractions, will join Safestay’s portfolio as their fifth Spanish location. The acquisition aims to strengthen the company’s market presence and capitalize on Cordoba’s tourist appeal, expecting to generate significant revenue and EBITDA post-conversion.
For further insights into GB:SSTY stock, check out TipRanks’ Stock Analysis page.
