Osprey International Limited agreed to acquire 42.90% stake in Australian business of Selina Hospitality PLC from Selina Hospitality PLC (NasdaqCM:SLNA) for $3.5 million on July 1, 2024. A cash consideration of $3.54 million will be paid by Osprey International Limited. As part of consideration, $3.54 million is paid towards assets of Australian business of Selina Hospitality PLC.

For the period ending December 31, 2023, Australian business of Selina Hospitality PLC reported total revenue of $9.4 million and EBIT of $2 million.