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New Deal


Announced

a&o Hotels and Hostels to acquire the Edinburgh Hostel of Safestay for £16m.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA9.41x
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

hotel property

Acquisition

Friendly

Real Estate

United Kingdom

Pending

Majority

Hotels and Motels

Cross Border

Synopsis

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a&o Hotels and Hostels, a chain of hostels, headquartered in Berlin, agreed to acquire the Edinburgh Hostel of Safestay, the owner and operator of an international brand of contemporary hostels, for £16m. The Board of Safestay believes that an asset disposal is the optimal approach for the group to raise new capital in the current market environment. The £16m offer for the Edinburgh hostel is an attractive solution.

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