Safestay PLC 2016 AR2
The report outlines Safestay plc's financial and operational performance for the fiscal year 2016. The company nearly doubled its revenues to GBP 7.4 million and increased EBITDA to GBP 2.2 million, driven by the integration of newer hostels in Edinburgh and Holland Park. Safestay expanded its portfolio to four premium hostels, achieving an average occupancy rate of 65% and selling 297,276 bed nights. Post-year-end highlights include a successful GBP 18.4 million debt restructuring and a sale and leaseback transaction raising GBP 12.6 million to support future European expansion.
Company: Safestay PLC
Sector: Hospitality & food services
Country: United Kingdom
Year: 2016
Type: AR2
Pages: 36
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Safestay PLC
Report And Financial Statements
The report outlines Safestay plc's financial and operational performance for the fiscal year 2016. The company nearly doubled its revenues to GBP 7.4 million and increased EBITDA to GBP 2.2 million, driven by the integration of newer hostels in Edinburgh and Holland Park. Safestay expanded its portfolio to four premium hostels, achieving an average occupancy rate of 65% and selling 297,276 bed nights. Post-year-end highlights include a successful GBP 18.4 million debt restructuring and a sale and leaseback transaction raising GBP 12.6 million to support future European expansion.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees