The group manages over 260 inns throughout 12 European international locations however has filed for insolvency underneath self-administration.
The group manages inns throughout 12 European international locations (Picture: Revo Hospitality)
A significant European lodge operator has filed for insolvency, casting doubt over the way forward for its institutions all through the continent. Revo Hospitality Group, previously often called HR Group, was established in 2008 and is Europe’s largest white-label lodge operator — a third-party administration firm that oversees inns for homeowners with out that includes its personal branding.
The enterprise operates greater than 260 inns throughout 12 European international locations and 146 cities. Final week, it introduced intentions for restructuring by self-administration by summer time, whereas confirming that inns in two nations would stay operational.
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The corporate said: “Round 140 corporations belonging to the Revo Hospitality Group have filed for insolvency underneath their very own administration at Charlottenburg District Court docket. The roughly 125 inns in Germany and Austria will proceed to function with all 5,500 workers. The proceedings shall be supervised by court-appointed directors.”
The group consists of quite a few inns buying and selling underneath distinguished franchise names similar to Hilton and ibis Types, in addition to its personal manufacturers, together with Hyperion, experiences the Categorical.
Institutions might be discovered all through Switzerland, France, the Netherlands, Czech Republic, Italy, Poland and Spain. Nearly all of Revo Hospitality’s inns are based mostly in Germany.
Revo Hospitality highlighted rising prices as a significant burden on the enterprise when it confirmed the insolvency proceedings final week. The agency said in a press launch: “With the financial disaster, 140 corporations, together with the administration and holding firm, obtained into difficulties.
“Specifically, elevated wage prices and the sharp rise in minimal wages, but additionally increased prices for hire, vitality and meals, are weighing on the enterprise. Above all, the sturdy growth of the Revo Hospitality Group in recent times led to duplicate buildings and integration issues.” The lodge chain bought its first property in Leipzig, Germany, in 2008.
It ran 51 inns in 2020 however grew swiftly within the following years, producing €1.3billion (roughly £1.1billion) in yearly income and using round 8,300 personnel all through Europe, based on experiences. The group stated: “The acquisition of the brand new inns concerned appreciable prices. However, the variety of in a single day stays didn’t improve as anticipated and the deliberate turnover for 2025 was not achieved.” Specialists have been enlisted to regular operations and develop a restructuring technique.
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