Safestay PLC Expands with New Budapest Hostel

Safestay (GB:SSTY) has released an update.

Safestay PLC has expanded its European hostel network with a new leasehold acquisition in Budapest, Hungary, which will add 150 beds to its portfolio, enhancing the company’s presence in key cities. The hostel is strategically located in Budapest’s city center and is expected to contribute an estimated annual revenue of €350,000 after refurbishment. This move aligns with Safestay’s growth strategy and leverages the city’s popularity as a vibrant tourist destination.

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