UK Hotel Giant Collapses into Administration

Europe’s largest white-label hotel operator, which runs more than 260 hotels across 12 European countries and 146 cities, has filed for insolvency.

The move affects around 140 companies within Revo Hospitality Group. (Photo: Revo Hospitality Group)

Revo Hospitality Group, formerly known as HR Group, was founded in 2008 and is set to be restructured under self-administration by the summer, Jennifer Pinto reported for UK Express.

The move affects around 140 companies within the group, but all 125 hotels in Germany and Austria will remain operational, along with its 5,500 employees.

Other countries where the group manages hotels include France, the Czech Republic, Spain, Switzerland, Hungary, the Netherlands, and Italy.

Revo operates a mix of hotels under major franchise brands such as Accor, Wyndham, Hilton, Marriott, and IHG, as well as its own brands, including Vagabond Club, Hyperion, and Aedenlife.

The process will be overseen by administrators appointed by the Charlottenburg District Court.

In a press release, the hotel group said: “Around 140 companies belonging to the REVO Hospitality Group have filed for insolvency under their own management at the Charlottenburg District Court.”

It added: “Due to the economic crisis, 140 companies, including the management and holding company, have encountered difficulties. In particular, increased wage costs, the sharp rise in minimum wages, and higher expenses for rent, energy, and food are weighing on the business. Above all, the strong expansion of the Revo Hospitality Group in recent years led to duplicate structures and integration problems.”