Staycity’s French properties exceed trading expectations

George Sell George Sell Uploaded 29 March 2017

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France: Staycity says its Marseille and Lyon properties have achieved high occupancy figures and exceeded budget expectations in their first month of trading.

"We are delighted with the response we've had to both Lyon and Marseille," said Staycity CEO Tom Walsh. "The early success of both these properties reinforces our commitment to further expansion in France and demonstrates the growing demand for aparthotels from both leisure and business travellers," he added.

The 108-apartment Staycity Centre Vieux Port opened at the beginning of February in Marseille's old port area. The property will see occupancy for March reach more than 80 per cent with forward bookings for April expected to exceed this.

Staycity Lyon Rue Garibaldi, the 144-apartment purpose-built building that opened in early March, is also likely to be ahead of budget expectations in its first few weeks of trading. Staycity Lyon offers both studios and one-bedroom apartments in the Lyon 7 district, within walking distance of the city's historic old centre and 10 minutes from the main business hub and train station.

Staycity has more than 3,000 apartments across 10 European cities including Birmingham, Dublin, Birmingham, York, Edinburgh and London. Later this year Staycity will open in Manchester as well as unveiling its new premium brand at The Strand in London.

Staycity Aparthotels intends to expand to 15,000 apartments by 2022.

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