Staycity taps developer to grow portfolio in Italy

When it opens August 6, Staycity Venice Mestre will have, 175 serviced apartments. Photo credit: Staycity Group

Ahead of the opening of its first property in Venice, Dublin-based aparthotel operator Staycity Group has appointed commercial real estate advisory, brokerage and development specialist Coldwell Banker Commercial to act as exclusive developer for Staycity in Italy.
 
CBC will spearhead Staycity’s expansion across the country by finding and assessing suitable sites, overseeing design and rebuild and handling lease contracts. Potential cities earmarked for exploration include Milan, Rome and Florence.
 
The Staycity project will be handled by Veronica Sagliaschi, a member of CBC’S hospitality team. 
 
"Veronica and the team have demonstrated a strong understanding of our business and the opportunity that exists for Staycity in Italy," said Staycity’s group development director Barry Hickey, noting CBC's market knowledge will help Staycity in "making a strong assault into Italy" and raising the company's profile within the country’s hospitality industry.
 
Staycity plans to recruit an additional 200 staff members before year's end and expects to add some 700 apartments to its inventory. By the end of 2023, the company expects to operate 15,000 apartments, up from its current portfolio of 3,000.
 
The company currently has properties in Birmingham (249 apartments), Dublin (228), Edinburgh (146), Liverpool (268), London (541), Lyon (144), Manchester (182), Marseille (108), Paris (50) and York (197). New openings this year include Staycity Aparthotels Paris, Marne-la-Vallée (a short walk from Disneyland Paris); the company’s first property in Germany at Berlin’s Charlie Living; and a second site in Edinburgh on King’s Stable’s Road. Early next year Staycity will open a second property in Manchester’s Northern Quarter. 

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