Achat Hotel Group Files for Self-Managed Insolvency Amid Financial Struggles

Once a fast-growing hotel chain, Achat cites pandemic impacts, inflation, and operational challenges as key factors in its financial crisis.

Achat Hotel Group, including its subsidiary Loginn Hotels, has filed for self-managed insolvency in Mannheim, ensuring continued operations at its 49 locations.
Customer bookings and employee salaries for the company's 1,450 staff members remain unaffected during the restructuring process.
The company attributes its financial difficulties to the lingering effects of the COVID-19 pandemic, inflation, rising costs, and a shift in business travel patterns.
Challenges integrating a newly acquired hotel portfolio in 2023 further contributed to liquidity issues and operational losses.
Achat plans to use the insolvency process to implement extensive restructuring measures aimed at stabilizing and repositioning the business for long-term success.