In our Microcap niche hotels edition published on the 12th October, subtitled “three great places for you and your money to stay”, we highlighted easyHotel, Safestay and Snoozebox as interesting sub £50m investments. In this note we update our thoughts post recent meetings, site visits and other news flow for these three companies and the wider sector. Our view remains positive, both on the market backdrop and for the prospects for these innovative niche models and impressive management teams.