Overview
- The company filed at Berlin’s Amtsgericht Charlottenburg for about 140 affiliated entities covering operations in Germany and Austria.
- Roughly 5,500 employees are to remain in their jobs while the hotels continue trading, according to company and administrator statements.
- GT Restructuring’s Gordon Geiser and Benedikt de Bruyn have taken charge for the duration of the proceedings, aiming to complete a swift restructuring by summer 2026.
- Revo has applied to the Federal Employment Agency to pre-finance wages for January through March 2026 to secure short-term liquidity.
- The group cites higher labor, rent, energy and food costs and complications from rapid expansion to about 250 hotels in 12 countries, as industry reports also note booking interruptions for some Accor-branded properties on Accor, Booking.com and Expedia.