• Safestay Italian buy

Hostel operator Safestay has bought a hostel in Pisa, Italy. The EUR3.25m acquisition, with 161 beds, will be the group’s fourteenth hostel.

The acquisition opened in 2013, and includes a freehold property close to Pisa’s rail station. With funding in place, and a development pipeline, the group aims to grow to a short term target of 20 sites.

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