HR Group takes over Centro portfolio
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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.
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.