The new Tribrid

London/Berlin. Of course, there was no reaction towards hospitalityInside.com from Meininger Hotels in Berlin and its parent company, Holidaybreak, in London with respect to the accusations issued by German media saying that both companies had hidden millions of euros from the tax authorities. The hostel group is part of a global scandal uncovered by the so-called "Paradise Papers".

Berlin/London. Conquering the world starting from London: that is the plan of Meininger Hotels. The former German budget hotel and hostel group that changed over to British hands in 2013 has 52 hotels in its pipeline. The CEO spoke at Expo Real.

Berlin. "The capacities in the Hostel, Low Budget and Budget segments are slowly pushing toward their limits. In any case, there will soon be a clear market settling." Sascha Gechter, still the Managing Director of Meininger through to April, forecasts this. Last week, the first German hotel group in the Low Budget segment was entirely taken over by its shareholders, the British tour operator Holidaybreak. In 2012, the group produced a revenue of approximately 43.3 million Euro with its hostel and hotel model. Approximately 50 million Euro is planned for 2013. Was this the right time, in the middle of the budget boom, to sell all shares? As a German company, Meininger was only 14 years old. What made its success, what mistakes did others make? Sascha Gechter casts his gaze on the market and the Meininger history.

Berlin/London. In April 2013, the German Meininger Hotel and Hostel Group will become a one hundred percent subsidiary of its current shareholder, Holidaybreak, from Great Britain. The current Managing Directors will leave the company.