In our second edition of “Microcap - Uncovered gems” we look at three contrasting and very interesting accommodation plays - easyHotel, Safestay and Snoozebox. We have recently met all three management teams. Not only is the macro-economic background in our view supportive for increased leisure spend and a strong travel/accommodation market, but all three propositions offer something unique and niche both for the consumer and for the investor. At the same time all three stocks are at very interesting stages of their development and the management teams are all very experienced and, in some cases, new appointments. We strongly recommend a look at all three companies. Inside this note we give brief descriptions of each company and its key investment criteria, followed by a look at the top down drivers and positive consumer backdrop.
