PATRICK DEMPSEY JOINS STAYCITY BOARD

Publish date: Mon 05 Oct, 2015

Patrick Dempsey, former managing director of Whitbread Hotels & Restaurants, is to become a non-executive director of Dublin-based serviced apartment operator Staycity.

Dempsey joins Staycity at a time of significant growth for the company. Its current estate of apartments and aparthotels stands at 1,000 across eight European cities, but an active development pipeline will see this number rise to 1,800 by the end of 2016, with a further 1,500 underway.

Staycity intends to expand to some 10,000 apartments across Europe by 2020.

Staycity CEO Tom Walsh said: “It’s a real coup to secure Patrick as a member of our board of directors. His formidable experience and expertise will be of immense benefit to Staycity as we forge ahead with the expansion of our business.

“In addition to his board commitment, Patrick has agreed to give more time to working with me on strategy. As a result of a personal investment in the business, he will also become a minority shareholder.”

During his 10 years with Whitbread, which is a FTSE 50 company, Dempsey was credited with doubling the size of its Premier Inn brand to some 60,000 rooms, turning it into Britain’s largest and best-known hotel company.

His distinguished career in the hotel business began at Forte, where he become managing director of the Posthouse chain as well as the London Forte hotels division. In 2001 he was appointed CEO of Compass-owned Restaurant Associates UK & Ireland.

In 2004 Dempsey joined Whitbread as managing director of Marriott in the UK, becoming managing director for Premier Inn in 2005. In 2009 he was appointed managing director of Whitbread Hotels and Restaurants as well as joining the main board as executive director.

Dempsey, one of the UK’s most highly respected hoteliers, was appointed OBE in 2012 for services to the industry.

“Staycity is one of the leading operators in the exciting and expanding serviced apartment sector,” commented Patrick Dempsey. “I am looking forward to getting to know the business further and helping take it forward to strengthen its foothold in Europe.”

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About Staycity Aparthotels

Staycity Aparthotels is a privately held company based in Dublin offering quality short-term and long-term apartment and aparthotel lettings in central city locations. These include Dublin (179 apartments), Edinburgh (146), Manchester (266), Liverpool (56), Birmingham (249), London Heathrow (269), London Greenwich (166),Paris (50), York (197), Marseille (108) and Lyon (144). With a total estate (pipeline and operating) totaling over 6,500 apartments the company is on target to achieve its stated aim of 15,000 apartments by 2022.

Staycity Aparthotels was founded in 2004 by Tom Walsh and his brother Ger, starting with a single apartment in Dublin’s Temple Bar, a former recording studio used by the likes of U2.

With an active European expansion plan Staycity has quickly established itself as one of the leading aparthotel operators. Projected annual turnover for 2018 is expected to reach €70m.

Staycity’s properties are made up of studios, one-bedroom and two-bedroom apartments offering 24-hour reception, fully equipped kitchens or kitchenettes, a dining area, sitting area and bathroom. Additional features include complimentary Wi-Fi access, flat-screen TV and guest laundry facilities as well as weekly housekeeping. Most sites have private car parking facilities and many offer a dry gym. All latest generation properties, such as London Heathrow, York, Birmingham Newhall Square, Lyon and Marseille have a guest lounge/café for breakfast, all day snacks and beverages.

In 2015 Staycity Group won the Industry Breakthrough Award at the Association of Serviced Apartment Providers (ASAP) Annual Awards and was inducted into the Tripadvisor Hall of Fame. In 2016 the company was highly commended in the Serviced Apartment Business of the Year Award, Corporate category (ASAP Awards). In 2018 Staycity won the Best Operator Award (201+ apartments) in the Serviced Apartment News Awards.