Revo Hospitality files for insolvency in Germany and Austria, hotels keep running
Revo Hospitality has filed for insolvency under self-administration, affecting around 125 hotels in Germany and Austria, with operations continuing while a restructuring process is implemented.
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Sonder Hotels Liquidation Exposes Limits of Tech-First Hotel Models
Sonder's bankruptcy and liquidation after its failed partnership reveal the risks of tech-driven, asset-heavy hospitality models
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Guests reportedly left stranded mid-stay following collapse of Marriott-linked hotel chain
The sudden announcement that the hotel operator was no longer working with Sonder caused some guests to spend thousands to find new rooms on short-notice
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Marriott cuts ties with Sonder
The beleaguered apartment-style rental company has lost a majority of its value as a SPAC and bookings have been on the decline.
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Bain takes stake in struggling French group
Les Hôtels de Paris now has the capital and plan in place to settle its liabilities and finance development.
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A Surprise Awaited These Travelers at Check-In: The Hotel Was Closed
Several Manhattan hotels operated by LuxUrban abruptly closed without warning, leaving visitors from around the world scrambling for a place to stay.
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Bankrupt Signa Seeks €370 Million From Sale of Vienna Park Hyatt
Administrators of bankrupt Signa Prime Selection AG are preparing to launch the sale of the Vienna Park Hyatt and adjoining luxury retail premises, including Prada’s flagship store, according to people familiar with the matter…
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Iron Horse Hotel's employees 'all stuck it out' during dispute that led to bankruptcy
The owner of Milwaukee's Iron Horse Hotel has settled a dispute that led the company to reorganize its finances under Chapter 11 bankruptcy protection…
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Galactic Starcruiser: Even just closing the Star Wars hotel costs Disney $2.5 million per room
You think the Star Wars hotel rooms were expensive for you? It cost Disney even more!As if the May announcement of the closure of Galactic Starcruiser — the much-hyped Star Wars hotel at Walt Disney World that dared to ask, “what if you asked fans…
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