IN BRIEF: Safestay buys Hotel Lineros in Cordoba for EUR2 million
1st May 2024 14:25
Safestay PLC - London-based city centre hostels operator - Buys Hotel Lineros in Cordoba, Spain for EUR2 million in cash, from sellers Antonio Molera, Carmen Gude, and A. Medina Molera SLU. "Under the Safestay brand the site will be converted into a 100 bed hostel," with the conversion starting on Wednesday, the company says. Safestay anticipates that in the eight months to December 31, the property will generate revenue of about EUR230,000 and earnings before interest, tax, depreciation and amortisation of EUR40,000. Read More