Food +Bev Live exceeds expectations
“With the addition of new features, National competitions, and the launch of the Irish Foodservice S...

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Awards for Foodservice Suppliers
Organised by the industry for the industry, Food & Bev Live returns to the Citywest Dublin on th...

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'Food Service Must Cut Waste' says Mahony
The Food service industry must play its part in reducing food waste,  Noel Mahony, chief execut...

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Hotels dump food worth €180m.
 The EPA released a research report last week – “Reducing Commercial Food Waste in Ireland”alon...

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Food +Bev Live exceeds expectations
Awards for Foodservice Suppliers
'Food Service Must Cut Waste' says Mahony ...
Hotels dump food worth €180m.

Staycity plans 2020 growth

Serviced apartments provider Staycity, has announced a €22.5m financing deal with Dunport Capital.
Meanwhile, the Dublin-based group, which now operates nearly 3,000 apartments across 12 European cities, said turnover for the year to December is expected to have grown by 14pc to €78m.
Earnings before interest, taxation, depreciation and amortisation have risen by around 11pc in the 12 month period.
Looking to this year and the group said it is on target to deliver revenues of over €100m in 2020.

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Staycity co-founder and CEO Tom Walsh said: “The new year will see us continuing to work towards our target of operating 15,000 apartments by 2024.”
 
In August last year Staycity entered the Italian market with a 175-unit property in Venice, while in September it opened a 284-key aparthotel in the Val d’Europe area near Disneyland Paris.
Last year also marked Staycity’s entry into the German market with the opening of a 48-apartment Wilde Aparthotel by Staycity, the company’s premium brand.
 
Staycity’s growth plans continue into this year with a 224-apartment property in Manchester’s Northern Quarter scheduled to open in March, to be followed in November by a 142-apartment building on Dublin’s Mark Street.
 
By 2021 Staycity expects to have over 1,000 apartments operating in Dublin.
 

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