"A major hotel operator with properties in Austria has filed for bankruptcy proceedings covering around 140 of its companies, with more than 100 establishments affected. The Revo Hospitality Group said all hotels would continue operating, but it has not yet specified which Austrian sites are included, according to Kleine Zeitung. The filing was made at the Charlottenburg district court in Germany and covers roughly 140 group companies, including 125 hotels employing around 5,500 people in Germany and Austria."
"The company also said it had applied to Germany's employment agency (Agentur fur Arbeit) for advance financing of wage payments for January to March 2026. The group runs hotels under its own brands and as a franchise partner of major hotel chains. A central reason given for the insolvency filing was the rapid expansion of recent years. Since 2020, the number of hotels in the group has reportedly increased from 51 to around 250."
Revo Hospitality Group filed for insolvency at the Charlottenburg district court in Germany covering roughly 140 group companies and about 125 hotels employing around 5,500 people in Germany and Austria. The group said all affected hotels were intended to keep running and that it applied to Germany's employment agency for advance financing of wage payments for January to March 2026. The business operates hotels under its own brands and as a franchise partner of major chains. Rapid expansion since 2020—from 51 to roughly 250 hotels—created significant acquisition costs, while overnight stays and planned 2025 revenue failed to meet expectations. New management is seeking international investors.
Read at www.thelocal.at
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