REG - Safestay PLC - Chief Operating Officer Succession

SafestayAnnouncement

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RNS Number : 6844D  Safestay PLC  11 May 2026

11(th) May 2026

 

Safestay plc

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

 

 Chief Operating Officer Succession

 

Safestay (AIM: SSTY), one of Europe's largest hostel groups, is pleased to
announce the appointment of Davide Caschili to the Board of Directors of the
Company (the "Board") as Chief Operating Officer with effect from 10 June
2026. Davide Caschili will succeed Peter Zielke in the role on that date.
Peter will step down from his executive responsibilities at that time but will
remain on the Board for a period to support an orderly transition, following
which his ongoing role, if any, will be considered by the Board.

 

Davide Caschili has more than 25 years of hospitality experience, with a
strong track record in hostel and hybrid hospitality operations across the UK,
Italy and the US. He has held several senior operational leadership roles,
most recently as Head of Operations UK & Ireland at Edyn Group and
previously at Generator and Freehand Hotels, where he oversaw multi-site
portfolios, led refurbishments and openings, and drove improvements in
profitability, guest experience and operational performance.

 

Further information in accordance with paragraph (g) of Schedule Two of the
AIM Rules for Companies on Davide Caschili is set out at the end of this
announcement.

 

Larry Lipman, Chairman of Safestay, said:

"We are pleased to be welcoming Davide to the Board as Safestay's new Chief
Operating Officer. His extensive experience within the hospitality sector -
including within the hostel market - and track record of delivering
operational excellence will be invaluable as we execute against our long-term
growth strategy.

 

"I would like to thank Peter for his commitment and significant contributions
to Safestay over the last three years. He has played an important role in
delivering several key operational developments for the Group, including
establishing our first franchise operations and developing our operational
centre of excellence in Warsaw. We are pleased that he has agreed to remain on
the Board for a period to support an orderly transition."

 

Davide Caschili, incoming Chief Operating Officer, said:

"I am delighted to be joining Safestay at this important stage in its
development. With its strong and trusted brand, clear value-led proposition,
and an excellent portfolio of well-located hostels, the business has exciting
growth potential. I look forward to joining the business and working with the
rest of the team to deliver a consistently excellent customer experience that
underpins sustainable growth and shareholder value creation."

 

ENDS

Enquiries

 

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

 Larry Lipman

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

 David Coaten/Harry Davies-Ball

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

 Alex Brennan/India Laidlaw           safestay@hudsonsandler.com

 

For more information visit our:

Website www.safestay.com
(https://protect.checkpoint.com/v2/r02/___http:/www.safestay.com___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6Nzo2ZmE5OjhlYjY3YWQ1YjUwOWJhODQzYzA5YmZhZmVmY2Y2YTIxNWM1ZjdiNWViY2IyNjY3ZmE5MDA1ZDBjOTM1ZjFhMjA6cDpUOk4)

Instagram page www.instagram.com/safestayhostels/
(https://protect.checkpoint.com/v2/r02/___http:/www.instagram.com/safestayhostels/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzpiNmRkOmE3Njg3NzkwYmIzYjRhNjI3NTAxMGNiZDRmMGU4ODVkMjVkYzJlZjc2OGVmNWU5NTk2MWYxNWMxZTAzMGJhMGM6cDpUOk4)

 

About Safestay PLC

Safestay
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzoxYjAyOjk4OTgzZDhlZDBlNzUwYWY2ODgxYTRhNjdhZmFlNmM2NjAwZjYxNTExMTUwM2I0OTJlYjIzMDE5YThkZmI3OTk6cDpUOk4)
 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 operational sites of 21 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, Austria and
Slovakia.

 

In 2025, the Group delivered 877,673 Total Bed Nights of which 32% were booked
through direct and non-commissionable channels.

 

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://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzoxYjAyOjk4OTgzZDhlZDBlNzUwYWY2ODgxYTRhNjdhZmFlNmM2NjAwZjYxNTExMTUwM2I0OTJlYjIzMDE5YThkZmI3OTk6cDpUOk4)

 

 *Source - Markets and Research, August 2025

 

Safestay's pan-European locations include:

·    Kitzbühel Alpine, Austria
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·
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Kitzbühel Centre, Austria
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·    Brussels Grand Place, Belgium
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·    Prague Charles Bridge, Czeck Republic
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·    Berlin Kurfurstendamm, Germany (hotel)
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·    Athens Monastiraki, Greece
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·    Naples, Italy
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·    Pisa Centrale, Italy
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·    Warsaw Old Town, Poland
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·    Lisbon Bairro Alto, Portugal
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-lisbon-bairro-alto/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzpkYWNkOjgzZWI0NTQ0NTIwYTNjOTYzMTM5ZjYxYzM4MDUzMGQ3ZDVlMDJkZWM0NWM3YzIwNGJiZGM5MGI5M2IyZTFlNzU6cDpUOk4)

·    Bratislava Presidential Palace, Slovakia
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-bratislava-presidential-palace/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6Nzo2YWM2OjU5YTIwOGRhMTQ3M2Y4OTUwZjAyYTEzOTdhOGU0MzVkYTVjZWIxZGRhZWUzMjAzMzA4MjI5NjQ1YTIwY2FjMjk6cDpUOk4)

·    Barcelona Gothic, Spain
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/barcelona-gothic/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6Nzo2MzMzOjJhZWVkNWY5YWI0NGNmMjMwOWQzNDU5MmVmZWM2YTRkMDhhNjMzNWE3OGM4ZTZmMDJjNmZhNDU5ZmRjOWJlMWM6cDpUOk4)

·    Barcelona Passeig de Gracia, Spain
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-barcelona-passeig-de-gracia/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6Nzo5ZTI4OjJkOTNlZjM1OTI4Nzc3ODU2NWUyMDJmYjZkNDQ3NTVlYTI2MTk4MmYyZWY2NDhkYmRiOTVkMGYwNWE2ZmNjOTk6cDpUOk4)

·    Calpe Seafront, Spain
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-calpe-seafront-costa-blanca/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzpjYWNmOjFkNTMxMTdkNzU0NGFlMWM4ZjgzY2RmY2Q0NzdiYTg2YWMxMzYwYWM0YjRhNzY4MGJjODMzMWZhZWY2NzFmMzM6cDpUOk4)
(in development)

·    Córdoba Mezquita Catedral, Spain
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-cordoba-mezquita-catedral/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6Nzo2OTExOjAyZWM3ZTdmZWY2ZDY4YWM1YjdjZDU3NGM2YWIxYTU1YjY0MjRkMzExMGEwODg0MzQ1MDFkYWRmM2UxZGU2NWQ6cDpUOk4)

·    Madrid Central, Spain
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-madrid-central/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6Nzo5OGU4Ojc5Yjc0MjU5YzMyNTJhNDA3OTk4OTJjNGE2NjE2YzQ1MzI5MTRiMGI0MGNiYmExMTczYTM2MjRhZTVlY2E2NmI6cDpUOk4)

·    Glasgow Charing Cross, UK
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-glasgow-charing-cross/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzpmYjNlOjEwZjUyNjlmY2E3YjAxYWQ4ZmY1ZmZlNjBhZTUwNThiNjEwMTg5ODJkODVlNjNlYjBjMjAzYjY2ZmJjOGViMjM6cDpUOk4)

·    Edinburgh Cowgate, UK
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-edinburgh-cowgate/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzpiMmZiOjZmMjkyYjRlNDFmOTVjNzljNTc1OWNjOGY5MTdiZDU4NmYwNTU0ZDVmZGIzMmI3YTIyYjdhNzhlOTNmYzhkZjc6cDpUOk4)

·    London Elephant & Castle, UK
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-london-elephant-castle/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzowNmIyOmY3ZDBhNjgyN2QyNTIyYzBkOTY5NTM1YzI1Y2I5NzNmZTQ3YTg5Yzc1OWFiNWVjNzYxZDFkMWQ0YTAxNmZhYTA6cDpUOk4)

·    London Kensington Holland Park, UK
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-london-kensington-holland-park/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzpiYzY3OjBmOWRlYzEzYzY3YmE1YmEzOGU5Zjc1MGNmNzJhMzg2ZDMwY2MxMTg2YTViODAxNmZhYWI0MjQ3ODc2ZmE5NWI6cDpUOk4)

·    York Micklegate, UK
(https://protect.checkpoint.com/v2/r02/___https:/www.safestay.com/venue/safestay-york-micklegate/___.YXAxZTpzaG9yZWNhcDpjOm86M2IzZjAxZjk5MGMxNzRiNzk3ODQ2ZjE0ZDZhNDZkM2Y6NzplYmVlOmJjNTI0ZjgwNmJlMTg0YmM5M2I0YzI2ZWRmMGM4MmNiMmE3ZDQzODBkYmYwNGQ0Yzk3ZTFhOWFlOGM4YzM3OWE6cDpUOk4)

·    Brighton, UK (in development)

 

 

Disclosures required by Schedule 2(g) of the AIM Rules for Companies:

 

Davide Caschili (age 44)

 

 Current Directorships  Directorships in the last five years
 None                   Generator Hotel Venice s.p.a.

                        Ghostell s.r.l.

 

Davide holds no ordinary shares or options in the Company.

 

Davide has confirmed that there is no other information that is required to be
disclosed pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for
Companies.

 

 

 

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