RCS - Safestay PLC - Planning approval-new hostel in heart of Brighton

SafestayAnnouncement

07/04/2025 07:00

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RNS Number : 8126D  Safestay PLC  07 April 2025

Safestay PLC

("Safestay", the "Company" or the "Group")

Planning approval granted for major new hostel in the heart of Brighton

One of Europe's largest hostel groups to develop a 170-bed hostel opposite the
Royal Pavilion

Safestay PLC (AIM: SSTY), one of Europe's largest hostel groups, is pleased to
announce that it has received planning approval to develop a new 170-bed
hostel in the heart of Brighton. The planning approval follows the Group's
acquisition in June 2024 of the freehold property on Pavilion Parade for a
total consideration of £2.275 million.

Set over five storeys, the building is an attractive Grade II listed,
Regency-style end of terrace property spanning 15,300 sq ft. It is ideally
situated in the centre of Brighton, just 600 metres from the Brighton seafront
and opposite the Royal Pavilion, a former regency palace and one of Brighton's
most popular tourist destinations. It is also within close range of The Lanes,
the city's vibrant shopping and leisure district.

Safestay will invest approximately £1.0 million in the conversion of the
property, with the hostel anticipated to open in early 2026.

A popular tourist destination, Brighton is an easy journey from London and
attracts over 11 million visitors per year(1), providing an excellent
opportunity for Safestay to cater to a broad range of customers with its
premium hostel offer.

Larry Lipman, Chairman of Safestay, said, "We're delighted to have obtained
planning approval to convert our Brighton location into a 170-bed hostel. Once
operational, the site will create approximately 20 new jobs in the area as
well as making a significant contribution to the local economy by enabling
potentially thousands more visitors a week to stay in one of Brighton's most
vibrant and commercial areas.

Brighton is an amazing city, attracting millions of visitors throughout the
year, making it a perfect fit for Safestay's strategy of building its
portfolio offering fantastic, highly affordable accommodation in premium
locations across some of Europe's most vibrant travel locations.

We have a proven track record of acquiring and developing hostels across
Europe to create value. Our Edinburgh Cowgate hostel which opened in 2024
following refurbishment has performed incredibly well, proving hugely popular
with visitors to the city looking for safe, welcoming, and great value
accommodation. I am very confident that Safestay Brighton will be another
fantastic addition to the Group's portfolio, and I can't wait for us to begin
to welcome visitors in early 2026."

 

(1) Visit Brighton, 2025

ENDS

Enquiries

 Safestay PLC                             Tel: +44 (0) 20 8815 1600

 Larry Lipman
 Shore Capital (Nomad & Broker)           Tel: +44 (0) 20 7408 4090

 Tom Griffiths/Harry Davies-Ball

 Hudson Sandler (Financial PR)            Tel: +44 (0) 20 7796 4133

 Alex Brennan/Lucy Wollam/India Laidlaw   safestay@hudsonsandler.com

 

For more information visit our:

Website www.safestay.com
(https://url.avanan.click/v2/___http:/www.safestay.com___.YXAxZTpzaG9yZWNhcDphOm86YjBkMWIzZWM0NTkxMzYyMTUyNWNhYTNmNGYyYTE0ZWM6Njo0NjAyOjJkMTBjMzdiYWJhN2RjMThhZDc0NzBhMmYxZDA4ODBkZTUzNTRkNDE1ZTMyMWNhYWIyY2ZhN2I0YjE0NzIwNmM6cDpUOk4)

Vox Markets page https://www.voxmarkets.co.uk/company/SSTY/news/
(https://url.avanan.click/v2/___https:/www.voxmarkets.co.uk/company/SSTY/news/___.YXAxZTpzaG9yZWNhcDphOm86YjBkMWIzZWM0NTkxMzYyMTUyNWNhYTNmNGYyYTE0ZWM6NjoxYWQzOjZjNzA3M2IwNmY1NTI0NjY0N2VmZTk0ZjZiNzBjOWU4ZTVmOGU1YWE0MWY4YzVmNzJiZDk3ODBkNTdhMWVjMTE6cDpUOk4)

Instagram page www.instagram.com/safestayhostels/
(https://url.avanan.click/v2/___http:/www.instagram.com/safestayhostels/___.YXAxZTpzaG9yZWNhcDphOm86YjBkMWIzZWM0NTkxMzYyMTUyNWNhYTNmNGYyYTE0ZWM6Njo3NWU2OmVjMTJmMDBjYzg1MDU4MDI3NGU2YWM2N2U5YTVmOWZiYTg3N2Q3ZDY5Mjk3NTFiNzYwM2ZmMGM1ZTU4MWIzMzI6cDpUOk4)

 

About Safestay PLC

Safestay
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6Nzo3ZDIzOjBjZWU2ZmU2MGJhZmIxYjdkODY3ZmE0MTRhMzA1MmFhY2M4MzYxYjIzY2FjNWZlMmNhZDJhZTZjZjlmZDg3NWM6cDpUOk4)
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 3,750 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.

 

https://www.safestay.com/
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6Nzo3ZDIzOjBjZWU2ZmU2MGJhZmIxYjdkODY3ZmE0MTRhMzA1MmFhY2M4MzYxYjIzY2FjNWZlMmNhZDJhZTZjZjlmZDg3NWM6cDpUOk4)

 

*Source - Markets and Research, August 2022

 

Safestay's pan-European locations include:

 

·    Athens Monastiraki, Greece
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·    Barcelona Gothic, Spain
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/barcelona-gothic/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6Nzo3MTY3OmQ5MzNiMzZhZWZkNjY0OTYyZTdhMjc0OWFiOWJmNzBkZDI5ZDVjY2MwNDEzMTQ1ZjZmZWM0MWY3ZDZkMmIzMWQ6cDpUOk4)

·    Barcelona Passeig de Gracia, Spain
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·    Berlin Kurfurstendamm, Germany (hotel)
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·    Bratislava Presidential Palace, Slovakia
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-bratislava-presidential-palace/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzpkNzI2OmM3NjdlMGQyYzg4MzYwYmQ4NzBjN2VmYTA2OGQ5NWVmY2QwYzI2YTEwYjk4MWE0NzkxNjUzZmIwM2FmNjg1M2U6cDpUOk4)

·    Brighton, UK (in development)

·    Brussels Grand Place, Belgium
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-brussels-grand-place/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzozNWU2OmVkOWE2MmI0NzZhZDgyYTk2ZTE1MzI3MWVmZTM0NDE4N2MxY2NmZDhmNzIwZDM5ZjRhZGQxYzNiM2YyMWViNGU6cDpUOk4)

·    Budapest, Hungary (in development)

·    Calpe Seafront, Spain (in development)
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-calpe-seafront-costa-blanca/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzpkZGY0Ojk5YmIzYjA5NjhhNDc3MDAzYjkxOTNmNWZjN2UxOTc3NmQ0ZGZjNDNlZWRmOGEzN2M3YzdmZDA3M2Y0OGNmNmQ6cDpUOk4)

·    Córdoba Mezquita Catedral, Spain
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-cordoba-mezquita-catedral/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzplNzk1Ojc0NWRhZTg1YWFjZjg1OGJlZTU1MzYyNGY5ZWM5NTM0NmFlYmIwZGJkZjg4MTZjNThhMTQyOTI5Nzg3ODY2Y2Y6cDpUOk4)

·    Glasgow Charing Cross, UK
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-glasgow-charing-cross/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzowMGIzOmQzODViNzU5YWNiM2FiODliODZiYTY4YmYxYmNiMDQ3MDY4NjE3MTQ2YjQ2MmUzNGVmMjI3NTk4OGMwMDUzMTY6cDpUOk4)

·    Edinburgh Cowgate, UK
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-edinburgh-cowgate/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzoyNTZmOmU3YjcyNWEwZjQ2NzBkMDg0YzBlN2NkZmVjNTk3MDg3OTRiYWY1YjgxNGI3OGY0YTNkOTJkZDdiNWY1MTEzMzg6cDpUOk4)

·    London Elephant & Castle, UK
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-london-elephant-castle/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6Nzo0NmNhOjdlNjM3ZDhhN2NlNTBjMmVmYTMyMjQwZjhmMzBiYzQxYzliNWJmMDg5MGI2ZDFkMTQ1ZDI1M2ExNWM4NGE3NjA6cDpUOk4)

·    London Kensington Holland Park, UK
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-london-kensington-holland-park/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzpmNmMzOmNiOWYxYjI1ZTIxZWZmM2E4NWQxNzk3NGFiNTIyODY3MTY3MWQ3MTJiZTg5MTM1YjJlMjNlNGNjOGVmNzZjOGM6cDpUOk4)

·    Lisbon Bairro Alto, Portugal
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·    Madrid Central, Spain
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-madrid-central/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzoxYmRlOmRmYTExODMyZTEzMDMyZDUzY2YyZTRiOWFmZmNlMzVmYzcwMGQxMzk2YjA5MTllYWE1N2IwMWNiMzc0OTBjOTI6cDpUOk4)

·    Pisa Centrale, Italy
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-pisa-centrale/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzozOTMwOmQxZDIyMjUwNmIzZDA2Y2YyZjNjY2Q1Mzk0M2I0YjczNzczNTMwNjBiNjNhZTI4NGE4NmQyZDlkMjY5NjNkNzM6cDpUOk4)

·    Prague Charles Bridge, Czeck Republic
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-prague-charles-bridge/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzoxNmJjOmRlMzAzNTEyOWIxN2MzNTUwZmVmNDE0ZjBjZTU4Y2EyNGE0ZjlmZTNhZDU0OTI0MDY2MjQ5YTQwZGZlYTBhNzA6cDpUOk4)

·    Warsaw Old Town, Poland
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-warsaw-old-town/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzpkZTdmOmMwYmNlZGRmODc3Y2UwYzkzMDUwY2Y1YmJhZjJmNDZmMjA3YWI1NjY1OTRmMzdiMWY4ZTJmYjkzYTNmZGIwMTU6cDpUOk4)

·    York Micklegate, UK
(https://url.avanan.click/v2/r02/___https:/www.safestay.com/venue/safestay-york-micklegate/___.YXAxZTpzaG9yZWNhcDphOm86NTk5NzExNTk0Mzk0MDRhM2IyNWZjYTRiZjA4MmM3ZDk6NzphZTcwOjY2NmE0MzFiZjhlNDk1MTZmOWY2MjhjNzYyZTkzZjI4MjQ4ZmVjODQzYWVkN2VkNjczZThlNTMyOTNjZjg2ZTA6cDpUOk4)

 

 

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