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  5. Safestay Acquires U HOSTELS Albergues Juveniles S.L.

M&A Deal Summary

Safestay Acquires U HOSTELS Albergues Juveniles S.L.

On May 22, 2017, Safestay acquired leisure company U HOSTELS Albergues Juveniles S.L. for 3M EUR

Acquisition Highlights
  • This is Safestay’s 1st transaction in the Leisure sector.
  • This is Safestay’s 0th largest (disclosed) transaction.
  • This is Safestay’s 1st transaction in Spain.

M&A Deal Summary
Date 2017-05-22
Target U HOSTELS Albergues Juveniles S.L.
Sector Leisure
Buyer(s) Safestay
Deal Type Add-on Acquisition
Deal Value 3M EUR

Target

U HOSTELS Albergues Juveniles S.L.

Madrid, Spain
U HOSTELS Albergues Juveniles, S.L. includes three leasehold properties, A 226 bed luxury hostel located in the heart of Madrid, operating since 2013 under the U Hostels brand with a 15 year lease. An apartment block situated next to the Madrid hostel. This block is made up of 14-one bedroom and 20-two bedroom apartments which are currently being renovated and will open during 2018. The apartments will be managed by the hostel management team. A 2,300 sqm building in Montmartre, Paris with 2017 planning for conversion into a circa 260 bed hostel. The building is ideally located to become a Safestay hostel, it has a 12+12 year lease effective from the opening of the hostel.

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Buyer(S) 1

Buyer

Safestay

London, United Kingdom
Category Company
Founded 2014
Sector Leisure
Employees283
Revenue 22M GBP (2024)
DESCRIPTION

Safestay hostels provide great central locations, a range of accommodation options to meet different needs and budgets, and amazing social spaces all within chic statement buildings with fabulous interiors and a high standard of facilities. Setting a new standard in stylish, affordable, and comfortable accommodation, Safestay hostels are designed to appeal to a broad community of guests; from school groups, young adults, and backpackers, to families and savvy business travelers. Safestay was founded in 2014 and is based in London, England.

DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2017 M&A 1 of 1
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