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Some 250 hotels of which 50 or so are Accor branded including the Pullman Berlin are facing an uncertain future
revo-hospitality-group.com
www.handelsblatt.com
Berlin. The Revo Hospitality Group, one of Europe's largest hotel operators and franchisee of brands such as Pullman and Hyatt, has filed for insolvency proceedings under self-administration for approximately 140 of its companies at the Charlottenburg District Court. This includes 125 hotels with around 5,500 employees in Germany and Austria, which the company stated will continue to operate.
The company is owned by 49-year-old Berliner Ruslan Husry, who founded it in 2008 with a hotel in Leipzig. According to the business data platform North Data, the group, which most recently generated around €1.3 billion in revenue, has not made a profit since 2014.
According to North Data, the hotel operator, which operated under the name HR Group until April 2025, was most recently €19.9 million in debt. Husry has not published its own earnings figures in recent years.
According to the group, it operates brands such as Vagabond, Hyperion, and Aedenlife. Revo is also a licensee of major hotel chains like Accor.Hyatt, Wyndham and InterContinental Hotel Group (IHG). The company operates a total of 250 hotels in 135 cities across twelve European countries.
Industry observers had long expected an insolvency filing. According to the industry publication "Hotel vor 9," the French hotel group Accor (Ibis, Pullman, Mercure) had already blocked its booking systems for numerous hotels operated by Revo..
Contributing to the group's problems was Husry's acquisition of 60 H-Hotels and another ten hotels under the name H World International on April 1, 2025. According to industry sources, this not only resulted in high costs, but also led to occupancy figures falling short of the company's own forecasts.
Provisional insolvency administrators are optimistic about the restructuring.
According to statements from the provisional insolvency administrators, the planned revenue for 2025 was not achieved. Ruslan was unable to close the liquidity gap on its own or through lenders.
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revo-hospitality-group.com
Tourismus: Revo-Hotelgruppe meldet Insolvenz für 140 Gesellschaften an
Die Revo-Hotelgruppe, auch Lizenznehmer bei Hotel-Marken wie Hyatt, Accor oder IHG, expandierte zuletzt massiv – die Übernachtungszahlen konnten aber nicht mithalten. Nun wird saniert.
Berlin. The Revo Hospitality Group, one of Europe's largest hotel operators and franchisee of brands such as Pullman and Hyatt, has filed for insolvency proceedings under self-administration for approximately 140 of its companies at the Charlottenburg District Court. This includes 125 hotels with around 5,500 employees in Germany and Austria, which the company stated will continue to operate.
The company is owned by 49-year-old Berliner Ruslan Husry, who founded it in 2008 with a hotel in Leipzig. According to the business data platform North Data, the group, which most recently generated around €1.3 billion in revenue, has not made a profit since 2014.
According to North Data, the hotel operator, which operated under the name HR Group until April 2025, was most recently €19.9 million in debt. Husry has not published its own earnings figures in recent years.
According to the group, it operates brands such as Vagabond, Hyperion, and Aedenlife. Revo is also a licensee of major hotel chains like Accor.Hyatt, Wyndham and InterContinental Hotel Group (IHG). The company operates a total of 250 hotels in 135 cities across twelve European countries.
Industry observers had long expected an insolvency filing. According to the industry publication "Hotel vor 9," the French hotel group Accor (Ibis, Pullman, Mercure) had already blocked its booking systems for numerous hotels operated by Revo..
Contributing to the group's problems was Husry's acquisition of 60 H-Hotels and another ten hotels under the name H World International on April 1, 2025. According to industry sources, this not only resulted in high costs, but also led to occupancy figures falling short of the company's own forecasts.
Provisional insolvency administrators are optimistic about the restructuring.
According to statements from the provisional insolvency administrators, the planned revenue for 2025 was not achieved. Ruslan was unable to close the liquidity gap on its own or through lenders.
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