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State investment fund to take 13% stake in Staycity aparthotel group

By ASAP Newsdesk On 18th November 2020 · Add Comment · In ASAP Members, Breaking News, Front Page, Global News, Staycity Serviced Apartments

The state Ireland Strategic Investment Fund (Isif) is to take a 13% equity stake in ASAP Member Staycity, as a part of €70 million re-financing of the company.

The fund will also provide debt as the company looks to trade through the Covid-19 pandemic and push ahead with its European expansion programme and plans to almost double its portfolio over the next 18 months

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