A European hotel group with hundreds of properties has filed for insolvency in Germany.
The Revo Hospitality Group, formerly the HR Group, filed for insolvency under self-administration at the Charlottenburg district court in Berlin this week.
Revo was founded in 2008 and became Europe’s biggest white-label (third-party) operator, with a portfolio of over 260 hotels and around 8,300 employees in 12 European countries and 146 cities.
Around 140 companies within the German hotel group are affected.
Several of the group’s hotels sit under major global brands, including Accor, Wyndham,…