Staycity Apartments focused on expansion despite Brexit

STAYCITY CEO Tom Walsh says the company is committed to almost doubling its room count by the end of the year.

‘We remain committed to expanding in Europe and the UK, where we are actively looking for further sites which will allow us to grow further in line with projections in our five-year business plan,” he says.

‘While the UK’s exit from Europe is likely to cause some uncertainty in both the property and the hotel sectors, particularly when it comes to investment, the UK is strategically an important destination for us to operate within, so I can see no reason to change our plans.’

Speaking at the Serviced Apartment Summit Europe in London, Mr Walsh revealed that Staycity’s trading results had last year seen an impressive hike. ‘We have achieved this through high levels of customer service, attention to guest feedback, and improved customer understanding of the aparthotel offer.’

The company opened its latest premises, in York, this month (July). It’s a six-storey, semi-circular, 197-apartment block built on the site of a former swimming pool. Staycity York comprises studio, one-bedroom, and two-bedroom apartments with a café, lounge, gym, guest laundry, car park, and locker room.

Another site is due to open later this year is in Marseille, France, and further openings next year will be in London Covent Garden, Liverpool, Manchester, and Lyon, France. The company is on target to expand to 15,000 apartments by 2021.


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