Staycity Group was founded in 2004 with an apartment owned by Tom Walsh and his brother Ger in Dublin’s Temple Bar, once a recording studio used by U2 and Sinead O’Connor.
When he moved to a Dublin suburb Tom saw an opportunity to offer the apartment up for short-lettings to tourists and business travellers. Along with Ger, an IT specialist, they constructed a website and within weeks were flooded with bookings.
Inspired by this success the pair leased 27 apartments in the newly developed Italian Quarter on the north quays in Dublin, soon adding properties on Dublin’s St Augustine Street and Christchurch.
Targeting cities offering a good mix of leisure and business travellers and the potential for high occupancies, properties in Birmingham, Liverpool, Manchester and London Heathrow followed. The burgeoning company, which links up with investors and developers to find sites then takes long-term leases on them, attracted early-stage funding from Irelandia, the investment vehicle of the Ryan family and later from Swedish finance house Proventus Capital Partners.
The company now employs over 500 people, operates over 3,000 apartments in 12 European cities, and has a projected turnover for 2019 of €81m.
Staycity Group, which operates the Staycity Aparthotels and Wilde Aparthotels by Staycity brands, has one of the most active development pipelines in the sector and by 2023 will operate 15,000 apartments, making it one of the Europe’s largest city aparthotel brands.
In 2018 Staycity won ‘Best Operator’ in the Serviced Apartment News Awards while in 2019 CEO and co-founder Tom Walsh was awarded the accolade ‘Industry Inspiration’ at the same awards as well as being shortlisted for ‘Best Property’ for Wilde on the Strand, and ‘Best Operator’.
Tom Walsh lives in Dublin with his wife, two children and dog and enjoys family time, rugby and travelling.