Staycity outlines expansion plans ahead of York opening

Staycity Aparthotels '‹said it will forge ahead with its European expansion plans '‹despite the Brexit vote, with plans to grow from 2,700 apartments to 4,000 apartments by the end of '‹this year'‹.'‹
By The Newsroom
Published 12th Jul 2016, 10:02 BST
Updated 12th Jul 2016, 11:06 BST
The Paragon Street site in York will have 197 apartments and is aimed at both the business and leisure market.The Paragon Street site in York will have 197 apartments and is aimed at both the business and leisure market.
The Paragon Street site in York will have 197 apartments and is aimed at both the business and leisure market.

The upbeat statement came as the group ​unveiled plans to​ open its first premises in York​ this Thursday.

The ​Paragon Street site​ ​will have​ 197​ ​apartments and is aimed at both the business and leisure market. The opening ​will ​create 40 full and part time jobs in the city. The six-storey, semi-circular premises was built on​ ​the derelict site of a former swimming pool which was closed a decade ago and was​ ​demolished in 2007.

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The new building is adjacent to the city’s prestigious Barbican area, overlooking the city walls​ ​and within close proximity to transport links.

Staycity CEO Tom Walsh​ said​: “We are particularly pleased to be opening in this hugely​ ​popular and beautiful city, which, as the aparthotel sector continues to gain in popularity, will​ ​generate strong demand from both tourists and corporate guests.”

​He said that the group ​is committed to expanding in Europe and the UK and it is actively looking for further sites.

“While the UK’s exit from Europe is likely to cause some uncertainty in both the property and​ ​the hotel sectors, particularly when it comes to investment, the UK is strategically an important

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destination for us to operate within so I can see no reason to change our plans​,​”​ said Mr Walsh.​

Staycity York ​offers​ a mix of studio, one-bedroom and two-bedroom apartments with prices starting​ ​from around £69 per night for a studio apartment, £89 per night for a one bedroom apartment ​and £115 for a two-bed apartment.

Guest facilities include a caf​e​, lounge area, gym, guest​ ​laundry and locker room. There is a private car park adjacent to the new property for guest use.

The newly appointed general manager of Staycity York is Nasser Shaher, who joins from​ ​Whitbread Hotels and Restaurants where he worked most recently at Premier Inn.

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Staycity ​currently​ operates across eight European cities​ ​including Birmingham, Dublin, Edinburgh, Liverpool, London Heathrow, London Greenwich,​ ​Manchester, Paris and Amsterdam.

The company ​said it ​is on target to expand to 15,000 apartments by 2021 with another premises due​ ​to open this year in Marseille and further openings next year in London​'s​ Covent Garden, Lyon,​ ​Liverpool and Manchester.

Related topics:YorkBrexit