Safestay Explores Property Sales as Liquidity Pressure Mounts
Safestay warned of liquidity pressure through the winter after year-to-date trading fell below expectations. The hostel operator is exploring additional property sales and reviewing financing.
European hostel operator Safestay LSE:SSTY on Monday warned of liquidity pressure through the winter months as year-to-date trading fell below expectations and said it was exploring additional property sales and a financing review.Shares of the UK-based company, which runs hostels in countries incl…