Revo breakup shows investors still want the hotels

One of the most dramatic collapses in European hotel history is moving toward resolution. The Revo Hospitality Group — until recently Europe's largest multi-brand hotel operator — is being broken up, with five international investors and hotel groups set to take over approximately 120 of its properties by mid-June. A further 45 hotels have already been sold. The Berlin headquarters is closing, with 450 jobs eliminated immediately. Of the approximately 5,450 staff employed across the hotels themselves, the vast majority will be retained by incoming operators.

The scale of the failure is striking. Revo — which operated under the name HR Group until it rebranded in April 2025, just months before its collapse — grew from a single hotel in Leipzig in 2008 to 250 properties across twelve European countries by 2025, generating annual revenue of €1.3 billion. Yet the company had not turned a profit since 2014. When 138 of its hotel companies filed for insolvency under self-administration at Berlin's Charlottenburg Local Court in January and February of this year, the industry reaction was blunt. Commentators described it variously as "an earthquake", "a fiasco waiting to happen" and, more clinically, a case of growth without economic stability.