Staycity Group is further expanding its presence in London by taking over an existing aparthotel in early 2025.
The Dublin-based company, which runs the Staycity and Wilde extended-stay brands, will take over the operation of Kingsland Locke in Dalston, east London, on 27 January when it will be rebranded under the Staycity Aparthotels name.
The 124-apartment property has been run by edyn under its Locke brand for the past three-and-a-half years. Kingsland Locke also features a co-working area, café bar, gym and event space, as well as an on-stie microbrewery and gin distillery.
Staycity, which announced in September that it had acquired three development sites in London, said that it planned to extend the Dalston property to 181 studios and one-bedroom apartments by the end of 2028.
Andrew Fowler, Staycity Group’s chief development officer, added: “The availability of this lease was a fantastic opportunity for Staycity to strengthen its brand in the capital in an area that’s become one of London’s coolest destinations.
“The acquisition marks a renewed focus and expansion of the Staycity Aparthotels brand as it undergoes a repositioning over the next 18 months.”
The company said that it was “accelerating” expansion plans in Europe as it aims to increase its units from 5,800 to 20,000 across the continent by 2023.
Staycity has also added properties in Leipzig, Dresden and Vienna after acquiring a majority stake in the Felix Group in November.
In 2025, Staycity plans to open new aparthotels in Amsterdam and Cambridge, as well as Wilde properties in Lisbon and Porto.