Revo Hospitality insolvency: 125 hotels stay open in Germany and Austria as operator seeks rescue
Revo Hospitality has filed for insolvency under self-administration in Berlin, impacting about 140 group companies and 125 hotels in Germany and Austria. The company says all hotels will remain open as restructuring continues through summer. Around 5,500 staff are affected. Rising wage costs and integration issues after rapid expansion were cited as reasons for the filing.