This is the discussion thread for the most recent announcement. I've tried my best to translate things. PLEASE don't start drama yet. We don't know if we will be affected in any way. As soon as we find out more news, we'll make sure to publish them ASAP.
The Ringberg group wants to shrink its chain of hotels, which is in
deficit. They sell one third of their hotels to the REWE Group.
Cologne - The Munich Ringberg Group sells one third of their 443 hotels. Those
137 houses, some of which have popular names such as the Hotel Kaiserin Augusta
in Weimar, the Ringberg Hotel in Sohl and the Ringhotel Chateau Garni in Berlin,
have generated a turnover of 550m. Euro, and "a loss of less than 50m Euro",
according to a spokesperson.
Germany's second largest groceries dealer, REWE of Cologne, takes over 119 of the
hotels in Eastern and Southern Germany. 18 hotels will be sold or closed. A
price has not been published.
The entire Ringhotel Chain with its 10800 employees had to suffer from the
competition of the cheaper automated hotels, and began slipping into the red
back in 2003.
[...]
REWE is rather optimistic to make the hotels more profitable soon, catching up
with the market leader, EDEKA. "We take over the hotels and the employees, but
not the concepts", so a speaker of REWE. 80 Hotels will be restructored into
overnight discount malls which are supposed to attract folks from the Eastern
states and from the BeNeLux States. "Bed And Breakfast was yesterday. The new
Motto is: Shop Till You Drop. Shop and sleep."