The group is made up of a mixture of motels below main franchise manufacturers, similar to Hilton and ibis Kinds, in addition to its personal manufacturers like Hyperion.
Revo Hospitality Group promote their Munich location
A significant lodge operator in Europe has filed for insolvency, casting doubt on the way forward for its motels throughout the continent. Revo Hospitality Group, previously often known as HR Group, was based in 2008 and is Europe’s largest white-label lodge operator, a third-party administration firm that runs a lodge on behalf of the proprietor with out utilizing its personal model title
The group operates greater than 260 motels throughout 12 European nations and 146 cities. Final week, it introduced it’s to be restructured below self-administration by the summer time however mentioned motels in two nations will stay open. It mentioned in an announcement: “Round 140 corporations belonging to the Revo Hospitality Group have filed for insolvency below their very own administration at Charlottenburg District Courtroom.
The group manages motels throughout 12 European nations (Picture: Revo Hospitality) The newest information from around the globe Subscribe Invalid electronic mail
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Revo Hospitality has filed for insolvency below self-administration (Picture: Map)
“The roughly 125 motels in Germany and Austria will proceed to function with all 5,500 staff. The proceedings might be supervised by court-appointed directors.”
The group is made up of a mixture of motels below main franchise manufacturers, similar to Hilton and ibis Kinds, in addition to its personal manufacturers like Hyperion.
It has motels in nations together with Switzerland, France , the Netherlands, Czech Republic, Italy, Poland and Spain.
The vast majority of motels a part of Revo Hospitality are in Germany.
Revo Hospitality reported rising prices as a serious burden on the group because it introduced the insolvency course of final week.
It mentioned in a press launch: “With the financial disaster, 140 corporations, together with the administration and holding firm, received into difficulties.
“Particularly, elevated wage prices and the sharp rise in minimal wages, but additionally greater prices for lease, vitality and meals, are weighing on the enterprise. Above all, the sturdy enlargement of the Revo Hospitality Group in recent times led to duplicate buildings and integration issues.”
The lodge group took over its first lodge in Leipzig, Germany, in 2008.
It had 51 motels in 2020 however has quickly expanded within the following years, producing €1.3billion (about £1.1billion) in annual income and using round 8,300 workers throughout Europe, studies say.
The group mentioned: “The acquisition of the brand new motels concerned appreciable prices. However, the variety of in a single day stays didn’t enhance as anticipated and the deliberate turnover for 2025 was not achieved.”
Specialists have been appointed to stabilise operations and develop a restructuring plan.
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