News & Stories
Deka Immobilien no longer wishes to discuss the 23 million euros in rent arrears owed by the (former) operator, Sircle Group – headed by Liran Wizman. This week, it introduced an unnamed, tourism-focused operator from Turkey. Wizman is nevertheless permitted to continue running the W restaurants. Deka Immobilien did not provide any explanation for this.
Insolvencies in Germany are on the rise: the catering, hospitality and property sectors are particularly hard hit. The record figures are hitting the federal states of Berlin and Bavaria especially hard.
The memorandum of understanding was signed yesterday, 1 April 2026: Accor has sold its 30.56% stake in Essendi to Blackstone and Colony IM – for 975 million euros.
The European Court of Justice (ECJ) has settled the dispute over hotel taxation in Germany: the reduced VAT rate of 7% continues to apply only to the accommodation. All other services are subject to the standard rate. The administrative burden on businesses remains high.
Capital discipline is the new buzzword. Until now, speed was more important to the hotel industry than profitability. That's over now. The hotel market is once again in a phase of structural realignment. The pressure from the market is great. Operators are the focus of the credit check.
Revo Hospitality Group currently operates around 220 hotels, it corrected after an inquiry from hospitalityInside. Today, we can provide additional transparency with a current list of around 150 insolvent companies! We also asked Anchor, a neutral insolvency law firm, whether the measures taken at Revo comply with standard procedures. And Wyndham admits to having invested $160 million in Revo.
Since there is no official overview of insolvent Revo hotels and there will not be one, hospitalityInside is conducting its own research. We published the first list exactly one week ago, and since then 15 more hotels have been added (now 52 in total). Support us!
German hotel industry in conflict: Interest in hotel real estate in the country is on the rise again, while more and more operators are falling on hard times. Insolvencies are rising. Owners are stuck with leases. Have control mechanisms failed? The consulting firms Hotour and Nemis, as well as Union Investment and Art-Invest, join the discussion.
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.
Accor's Pullman Schweizerhof hotel in Berlin is to be sold. Operator Revo Hospitality is fighting back. The 5-star hotel can no longer be booked on Booking.com or the Accor website. In addition, two top managers have left the company.
