Restructured: Achat Hotels back on the market
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Achat Hotels files for insolvency in self-administration
The coronavirus pandemic, inflation and price increases have put Achat Hotels and its subsidiary Loginn Hotels under massive pressure. The group has now filed for insolvency under self-administration.
Synergies found: Achat takes over 13 Michel Hotels
Mannheim/Maintal. With the takeover of 13 establishments from the portfolio of the Michel Hotel Group, the medium-sized Achat Hotels are making a big expansion leap from 36 to over 50 hotels. The founder of Michel Hotels remains on board as a real estate and investment partner.