Revo Hospitality – formerly HR Group and Europe’s largest white‑label hotel operator – has filed for insolvency under self‑administration. Around 140 companies within the group are affected, while 125 hotels in Germany and Austria will continue operating with all 5,500 employees. Court‑appointed supervisors will oversee the proceedings.
The company, which operates 250 hotels in 12 European countries, cites the economic downturn, sharply rising labor costs, increased minimum wages, and higher expenses for rent, energy, and food as key reasons for its financial distress. Rapid expansion in recent years created costly double structures and integration challenges.
The Revo operated Hotel in Frankfurt
Revo grew from 51 hotels in 2020 to 250 hotels today, generating €1.3 billion in annual revenue and employing 8,300 people. However, acquisitions were expensive, overnight stays did not increase as expected, and revenue targets for 2025 were missed.
Restructuring specialists Dr. Gordon Geiser and Dr. Benedikt de Bruyn have been appointed to stabilize operations and prepare restructuring measures. Salary pre‑financing for January to March 2026 has already been requested from the Federal Employment Agency.
The group plans a strategic reorganization and intends to seek international investors. The self‑administration process is expected to facilitate a smooth transition to new ownership without major operational disruptions.
Also involved the Vienna House Hotel in Berlin
Founder Ruslan Husry, known for his ambitious acquisition strategy, had recently completed major deals, including the purchase of H‑Hotels (64 properties) and several Intercity/Steigenberger hotels. These acquisitions increased the asset volume from €1.2 to €1.5 billion.
Market impact: The insolvency is expected to send shockwaves through the German hotel sector. Banks and financiers may become more cautious, and planned transactions could be delayed. Private equity firms are likely to examine the portfolio quickly, as operator‑free hotels are in high demand.
Just two days earlier, real‑estate brokers had celebrated a surprising comeback of investors in the German hospitality market—making today’s news even more dramatic.
