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Safestay to sell Edinburgh hostel to pay down debt, shore up cash

Published by Josh White on 26th March 2021

(Sharecast News) - Hostel operator Safestay has entered into conditional sale and purchase agreements to sell its Edinburgh Hostel to a&o Hotels and Hostels, it announced on Friday, for £16m in cash on completion, representing a 22% premium to its £13.4m book value.

URL: http://www.digitallook.com/dl/news/story/31736906/...

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