Billion-Dollar Bankruptcy: Hotel Giant with 250 Houses Reports Insolvency – 5500 Jobs in Danger
19 Articles
19 Articles
REVO Hospitality Group is applying for insolvency for 140 companies. Around 5,500 employees in 125 hotels are affected. Renovation planned until summer.
Insolvency with a European hotel giant. 125 hotels in Germany and Austria are affected – including numerous houses in the north.
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.
Germany's tourism industry is in turmoil: Revo Hospitality (formerly HR Group) is taking its books to court. 140 companies are facing insolvency. - Economic Scenarios
Something is seriously cracking in the German economic model. And it's no longer just the well-known manufacturing crisis or the struggling automotive
The hotel giant, the Revo Group, is in financial difficulty. This also applies to hotels in Thuringia. Here's more.
BERLIN. In Austria, the German hotel operator Revo has three Amedia hotels.
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