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Company Reports


A New Standard

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 hostels offer 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. Chairman Larry Lipman adds, “We are delivering on our mission for Safestay to be a game-changer, overturning existing perceptions of the hostel market and exceeding expectations by offering a safe and stylish place to stay, while still providing a range of extremely good value accommodation options, from private en-suite rooms to larger dorms. With our great hostels in London, Edinburgh and York we have established Safestay as the leading provider of premium hostel accommodation in the UK.”

Safestay has quickly become a leading player in the premium hostels market and has large-scale plans to expand into key gateway cities in Europe in the coming years. The first Safestay hostel opened in London at Elephant & Castle in 2012. 2015 saw the launch of Safestay York in January, the opening of Safestay London Kensington Holland Park in August following an extensive refurbishment programme and the acquisition of Smart City Hostels by Safestay, Edinburgh in September. The Group now comprises of four locations (three freehold and one long leasehold) with some 1,526 beds. The team is actively seeking new sites for further expansion.

In May 2014, Safestay achieved an industry first when it became the only hostel group in the world to attain a successful listing on AIM, clearly demonstrating the financial sector’s belief in this emerging market.

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