Revo Insolvency, Phase 2
Greater transparency in operations, sales pitches, staff losses
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Maria Pütz-Willems
is a passionate writer who travelled to over 40 countries and got to know the media world from many perspectives. She has been reporting on the international hotel industry for over 30 years and founded hospitalityInside.com in 2005. She finds her balance with fresh air, sports, cooking and sociable friends.
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Lawyers form teams, new investors knocking on the door
Three weeks ago, Revo Hospitality Group filed for insolvency under self-administration. The industry still feels like it is in turmoil and there are still many unanswered questions. Yesterday, the first official reassuring email was sent out. Regardless of this, hospitalityInside has begun to compile a list of the hotels affected – with updates.
Waiting for the facts
Emotions ran high after Revo Hospitality filed for insolvency under its own administration exactly one week ago. 140 companies are up for grabs. Today, we summarise the facts and do not seek apportion blame. We will examine the collapse of Europe's largest white label operator AND the mistakes made by the industry in the coming weeks. Part 1.
Breaking News: Revo Hospitality is insolvent
Revo Hospitality files for insolvency under self-administration. 140 companies are affected. 125 hotels will continue to operate. The group issued a press release to this effect a few minutes ago. This marks the worst-case scenario that founder Ruslan Husry was desperate to avoid. This news is likely to shake the German hotel market.