StayCity enters Lisbon market in 2024

The Irish apart-hotel chain StayCity is to open a new unit in Lisbon’s Rua Castilho.

The apart-hotel will operate from the same building that used to house the Hotel Diplomático. The refurbished building will have 95 apartments and the project is currently awaiting planning permission at Lisbon City Council.
StayCity is also to open a unit in Porto. Both units will have 80 self-catering apartments with kitchen facilities, dining and sitting areas, a coffee shop, and a gym alongside a 24-hour reception and a guest laundry room.
According to Hospitality Ireland, Staycity has opened a record number of properties over the past 12 months including in Bordeaux, Heidelberg, Dublin Mark Street, London Aldgate and London Paddington in 2021. This year, Staycity opened properties in Dublin, Frankfurt, Manchester and Paris, with another site in Dublin still to open, taking the company to a total of 6,000 apartments across 32 locations.
Staycity CEO Tom Walsh stated, “We’re delighted to be opening in these popular Portuguese destinations and to be taking our Wilde brand into another of our European target regions alongside those already operating in Germany and the UK.”
Walsh added, “Careful forecasting and refinancing meant we emerged from the pandemic ready to crack on with our expansion. This year our like-for-like sales are back up to 2019 levels, so recovery has happened more quickly than we anticipated. Leisure stays have come back and we are seeing signs of corporate business returning, although challenges do still remain such as supply issues, labour shortages and the impact of the war in the Ukraine”.