Billion-Dollar Bankruptcy: Hotel Giant with 250 Houses Reports Insolvency – 5500 Jobs in Danger

merkur.de

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REVO Hospitality Group is applying for insolvency for 140 companies. Around 5,500 employees in 125 hotels are affected. Renovation planned until summer.

kreiszeitung.de

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Insolvency with a European hotel giant. 125 hotels in Germany and Austria are affected – including numerous houses in the north.

Handelsblatt

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The Revo hotel group, also licensees at hotel brands such as Hyatt, Accor or IHG, recently expanded massively – but the overnight stays could not keep up.

airliners.de

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The Revo Hospitality Group is insolvent. This also affects several airport hotels. The houses of the Berlin franchisee are marketed among others as Holiday Inn, Mövenpick, Ramada and Vienna House.

thueringer-allgemeine.de

tlz.de

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tlz.de

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The Revo Group operates around 250 hotels – under its own brand or as a franchisee of large chains. For around 140 companies, the Group now had to declare insolvency under its own responsibility.