Europe’s largest white label operator, which has more than 260 hotels in 12 European countries, files for insolvency
The group manages hotels across 12 European countries (Image: Revo Hospitality)
Europe’s largest white-label operator, which operates more than 260 hotels across 12 European countries and 146 cities, has filed for insolvency. Revo Hospitality Group, formerly known as HR Group, was founded in 2008 and is set to be restructured under self-administration by the summer.
The move affects about 140 companies within the group, but all 125 hotels in Germany and Austria will remain operational with all 5,500 employees. Some of the other countries in which it 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.
Revo Hospitality has filed for insolvency under self-administration (Image: Map)
The process will be overseen by administrators appointed by the Charlottenburg District Court.
The hotel group said in a press release: “Around 140 companies belonging to the REVO Hospitality Group have filed for insolvency under their own management at Charlottenburg District Court.
“The approximately 125 hotels in Germany and Austria will continue to operate with all 5,500 employees. The proceedings will be supervised by court-appointed administrators.”
It added: “With the economic crisis, 140 companies, including the management and holding company, got into difficulties.
“In particular, increased wage costs and the sharp rise in minimum wages, but also higher costs 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.”
The hotel group took over its first hotel in Leipzig, Germany, in 2008.
Since 2020, Revo Hospitality Group has reportedly expanded from 51 to 250 hotels, now generating €1.3billion (about £1.1billion) in annual revenue and employing around 8,300 staff across Europe.
However, new acquisitions have proved expensive, and occupancy growth lagged behind expectations, resulting in missed revenue targets for 2025, Hospitality Inside reported.
The group stated: “The acquisition of the new hotels involved considerable costs. On the other hand, the number of overnight stays did not increase as expected and the planned turnover for 2025 was not achieved.”
Restructuring specialists Dr Gordon Geiser and Dr Benedikt de Bruyn have been appointed to stabilise operations and develop a restructuring plan. The company has requested pre-financing of salaries for January through March 2026 from the Federal Employment Agency.
