The group operates hotels under major international brands including Accor, Wyndham, Hilton, Marriott and IHG, as well as its own brands Vagabond Club, Hyperion and Aedenlife.
In a statement, according to the Scottish Sun, the group said: “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 5500 employees.
“The proceedings will be supervised by court-appointed administrators.”
The insolvency filing marks the beginning of a restructuring process under self-administration.
The business said that “an economic crisis” had led to…