Completion of Sale of Safestay Holland Park

Further to its announcement of 5 August 2026, Safestay (AIM: SSTY), the owner and operator of an international brand of contemporary hostels, announces that the sale of its leasehold interest in, and associated hostel business operated from, Safestay London Kensington Holland Park, to Acerhawk Limited for a cash consideration of £3.0 million (the “Transaction”) has completed. Following completion, the Group no longer operates the hostel at this site and the property has ceased to trade under the Safestay brand.

The transaction is consistent with the Group’s previously announced strategy to crystallise value from certain UK freehold assets and support its asset-light growth strategy. The net proceeds from the Transaction will be used to repay indebtedness, for working capital purposes, and to strengthen the Group’s balance sheet, supporting the delivery of its long-term strategic growth ambitions.

Kitzbühel Alpine, Austria (Franchise)

Kitzbühel Centre, Austria (Franchise)

Brussels Grand Place, Belgium

Prague Charles Bridge, Czechia

Athens Monastiraki, Greece

Naples, Italy

Pisa Centrale, Italy

Warsaw Old Town, Poland

Lisbon Bairro Alto, Portugal

Bratislava Presidential Palace, Slovakia

Barcelona Gothic, Spain

Barcelona Passeig de Gracia, Spain

Calpe Seafront, Spain (in development)

Córdoba Mezquita Catedral, Spain

Madrid Central, Spain

Brighton, UK

Edinburgh Cowgate, UK (Franchise)

London Elephant & Castle, UK

York Micklegate, UK