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Irish Aparthotel Operator Staycity To Open New Properties In Portugal

By Dave Simpson

Dublin-based aparthotel operator Staycity Group is set to take its concept to Portugal for the first time, with sites earmarked in Porto and Lisbon, both opening under the group's premium Wilde Aparthotels by Staycity brand.

Details

With 80 self-catering apartments in Porto and 95 in Lisbon, both Portuguese additions are scheduled to open towards the end of 2024 offering studio and one-bed apartments with kitchen facilities, dining and sitting areas, a coffee shop, and a gym alongside a 24-hour reception and a guest laundry room.

Staycity has opened a record number of properties over the past 12 months including in Bordeaux, Heidelberg, Dublin Mark Street, London Aldgate and London Paddington in 2021. This year, Staycity opened properties in Dublin, Frankfurt, Manchester and Paris, with another site in Dublin still to open, taking the company to a total of 6,000 apartments across 32 locations.

Statements By Staycity CEO

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Staycity CEO Tom Walsh stated, "We're delighted to be opening in these popular Portuguese destinations and to be taking our Wilde brand into another of our European target regions alongside those already operating in Germany and the UK."

Walsh added, "Careful forecasting and refinancing meant we emerged from the pandemic ready to crack on with our expansion. This year our like-for-like sales are back up to 2019 levels, so recovery has happened more quickly than we anticipated. Leisure stays have come back and we are seeing signs of corporate business returning, although challenges do still remain such as supply issues, labour shortages and the impact of the war in the Ukraine."

La Défense Property

The company recently opened a sixth Staycity Aparthotel in France, in La Défense, the business area in the north-west of Paris. The new-build property is the Staycity's third in Paris, with another scheduled to open next year at Roissy Airport.

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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