HR Group shuts down two offices
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HR Group acquires Vagabond Club Hotels
The Berlin-based HR Group (HRG) is expanding its portfolio in the luxury segment by acquiring the Austrian boutique hotel group Vagabond Club with four hotels.
HR Group buys shares in Thailand: Expansion from West to East and back again
Berlin/Bangkok. Berlin-based HR Group continues its expansion course and buys shares in Thailand in the operating company Absolute Hotel Services based in Bangkok, which currently has 37 hotels and 34 in the pipeline. HRG wants to expand in Asia soon and also expand its presence in Europe with the new partners.
The Deal Maker
Berlin. From a German to a European to a global group: The Berlin HR Group is once again accelerating its expansion course and grows to 145 hotels and 20 signed projects with the triangular deal around HRG, Vienna House and Wyndham announced yesterday. It implies share transfers, property changes, a brand sale, a franchise agreement and a tricky ownership and operator structure. And all this between four countries: Thailand, Austria, Germany and the USA. This deal is hard to understand in two minutes.
HR Group takes over Centro portfolio
The Berlin-based HR Group (HRG) continues to grow. The acquisition of 34 hotels, including two Centro Holding projects and Centro Hotel Management GmbH, was completed on 1 June.
Confirmed: HR Group acquires Success Group
Berlin/Stuttgart. The rumours had already solidified during the IHIF in Berlin; now the Berlin HR Group officially confirmed the takeover of the Success Group from Stuttgart. The insolvency proceedings in self-administration lasted only five months.