Amedia founder in bankruptcy proceedings
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Amedia founder in bankruptcy proceedings

Amedia Leipzig_exterior
Thanks to the deal with HRG (now Revo Hospitality), the Amedia Hotel Leipzig is part of the Trademark Collection by Wyndham. / © Wyndham

Udo Chistée is one of those hoteliers who work behind the scenes. Born in Austria, he founded Amedia Hotels in 2008, which expanded until the coronavirus pandemic hit. He then sold off contracts in batches to well-known market players. Now he has filed for bankruptcy proceedings in Wels, Austria, for what is probably his most important public limited company.

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Vienna/Wels. The boom in the German market has also motivated Amedia to change its strategy and to put its foot down. The initial idea, to turn the Austrian Amedia Group into one of the few internationally present hotel chains, came from Udo M. Chistée. His Austrian Hotel Consult has created various hotel groups since 1983. Today's principle stakeholder is now slowing thinking of pulling back a little the last five turbulent years and for this reason has brought a new partner on board: Roland Paar, also Austrian and the man who recently cleared the path for the Chinese group Plateno Hotels to make its way into Europe. A review and outlook.

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