Remote Year CEO Tue Le stated, "It quickly became evident that [Collective Hospitality] had no interest in supporting Remote Year's operations." This highlights the unexpected disinterest of Collective Hospitality post-acquisition.
Le revealed, "However, Collective Hospitality rejected the deal at the 11th hour, leaving us no viable options." This underscores the urgency and critical nature of Remote Year's operational challenges.
Collective Hospitality CEO Gary Murray previously described Remote Year as "a fabulous business," yet later admitted the endeavor was "too toxic" for his company's interests.
As a result of the ongoing issues, all remaining Remote Year staff will conclude their employment by January 4, further emphasizing the imminent shutdown of the brand.
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