Staycity secures £77m loan for expansion

ASAP Operator Member Aparthotel business Staycity has secured a £77m loan from OakNorth Bank with a view to triple in size over the next five years.

The company recently announced the acquisition of a 74.9% stake in the Felix Group, giving it properties in Leipzig, Dresden, and another site under construction in Vienna, while this year it will open Wilde properties in Amsterdam, Cambridge, Lisbon, Porto, and Vienna with further London locations, a site in Bordeaux, and another in Oxford under development.

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