Safestay plc (GB:SSTY) has released an update.
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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.
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