Safestay plc (AIM:SSTY) acquired Hotel Riad Lineros 38 from Mr. Antonio Medina Molera, Ms. Carmen Fernandez Gude and A. MEDINA MOLERA, S.L.U. for ?2 million on May 1, 2024. Under the terms of agreement, the cash consideration will be ?2 million funded from the Group's existing cash balance. Under the Safestay brand the site will be converted into a 100 bed hostel.Andrew Godber, Edward Thomas and Josh Borlant of Liberum acted as financial advisor to Safestay plc.

Safestay plc (AIM:SSTY) completed the acquisition of Hotel Riad Lineros 38 from Mr. Antonio Medina Molera, Ms. Carmen Fernandez Gude and A. MEDINA MOLERA, S.L.U. on May 1, 2024.