Revo Hospitality Breaks Up as Five Buyers Take Over Hotels

BERLIN, Germany, June 2, 2026 — Revo Hospitality is being broken up after insolvency proceedings resulted in agreements with five international hotel groups and investors to take over most of its hotel portfolio. The move affects nearly 120 hotels and follows months of restructuring efforts at one of Europe’s largest multi-brand hotel operators.

The development also includes the closure of Revo Hospitality’s headquarters operations, resulting in the loss of approximately 450 corporate jobs. Hotel operations are expected to continue under new ownership and management structures, with most on-property positions expected to be retained.

Revo Hospitality Breakup Follows Insolvency Process

According to statements released by the insolvency administrators, five international hotel groups and investors have agreed to acquire portfolios covering most of Revo Hospitality’s hotel operations in Germany, the Netherlands and Austria.

Administrators indicated that approximately 45 hotels have already secured agreements, while discussions continue regarding an additional ten properties. The identities of the successful bidders have not yet been disclosed.

Hundreds of Corporate Employees Affected

The restructuring includes the dismantling of Revo Hospitality’s central administration functions. Around 450 headquarters employees received notice that their positions would be eliminated as part of the process.

While corporate operations are being wound down, insolvency administrators stated that the majority of the approximately 5,450 hotel-based jobs are expected to be preserved through transfers to new operators.

Future of Hotel Portfolio Begins to Take Shape

Industry sources have suggested that multiple international operators participated in the bidding process. Reports indicate that more than 100 parties initially expressed interest, while around 20 submitted binding offers during the final stages of negotiations.

Market speculation has linked Indian hospitality company OYO, operating under its Prims branding in certain markets, to parts of the portfolio, although official confirmation has not yet been provided.

International Assets Continue Operating

Hotels located in Switzerland, the Czech Republic, Italy and France are not included in the insolvency proceedings and continue to operate normally. Discussions involving investors for these assets are reportedly nearing completion.

The administrators stated that final agreements with successful bidders are expected to be completed by mid-June, bringing greater clarity to the future ownership and operation of the portfolio.

Major Shift for European Hotel Operator

The breakup marks a significant reversal for Revo Hospitality, whose leadership had outlined ambitious European expansion plans as recently as late 2025. The company had grown into one of Europe's largest multi-brand hotel operating platforms before entering insolvency proceedings.

The restructuring highlights ongoing challenges within the European hospitality sector, where operators continue to navigate financing pressures, operational costs and changing market conditions.

Source: Statements released by GT Restructuring insolvency administrators and publicly available company information.