Safestay hails minimum 20-year management contract for hostel in Spain

Safestay plc is a United Kingdom-based owner and operator of an international brand of contemporary hostels. The principal activity of the Company comprises the operation and development of traveler accommodation under the Safestay brand in properties that are either owned or occupied on leasehold. The Company offers dorm rooms and food, and drinks packages. It provides large open spaces, designed for groups to meet, and relax. It caters for groups, including high school, sports teams and societies, stag and hen parties, university and colleges, primary school, and leisure. It offers a range of stag and hen accommodation options that allow its customers to stay in one room as a group. It provides a variety of sizes of dormitories available or the option of private rooms with en-suites. It operates about 17 hostels with approximately 3,476 beds. Its subsidiaries include Safestay France SAS, Safestay Hostels Madrid SL, and others. The Company also owns Edinburgh Hostel.