Staycity will open aparthotels in Porto and Lisbon
Dublin-based fast-growing aparthotel operator Staycity Group is set to bring its successful concept to Portugal for the first time, with dedicated sites in Porto and Lisbon, both opening under the high-end brand Wilde Aparthotels by Staycity.
With 80 self-catering apartments in Porto and 95 in Lisbon, the two Portuguese additions are due to open towards the end of 2024, offering studio and one-bed apartments with kitchen, dining and lounge areas, cafe and gym as well as a 24-hour reception. and guest laundry. The new destinations are expected to appeal to business and leisure travelers looking for chic, designer interiors and excellent service paired with Staycity’s signature home-from-home feel.
Staycity opened a record number of properties in the last 12 months including Bordeaux, Heidelberg, Dublin Mark Street, London Aldgate and London Paddington in 2021. This year Staycity opened properties in Dublin, Frankfurt, Manchester and Paris with a another site in Dublin still open bringing the company to a total of 6,000 apartments spread over 32 sites.
Says Tom Walsh, CEO of Staycity“We are delighted to open these popular Portuguese destinations and introduce our Wilde brand to another of our European target regions alongside those already present in Germany and the UK.”
Staycity’s business strategy is to primarily open new build properties in ‘central’ cities with high leisure and business demand and good travel connections. Porto, in the northwest of Portugal, is one of Europe’s most popular cities to visit and an important commercial and industrial centre. Lisbon, the capital of Portugal, is a young and trendy destination considered a top choice for digital nomads.
“Careful forecasting and refinancing has allowed us to emerge from the pandemic ready to continue our expansion,” Walsh added.
“This year, our like-for-like sales have returned to 2019 levels, so the recovery has happened faster than expected. Leisure stays have returned and we are seeing signs of corporate business recovery, although challenges such as supply issues, labor shortages and the impact of the war in Ukraine.
The company recently opened a sixth Staycity Aparthotel in France, in La Défense, the dynamic business district in northwest Paris. The new property is Staycity’s third in Paris with another due to open next year at Roissy airport.