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European Hospitality Chain Seeks Protection as Hotels Enter Administration
A European hotel group has entered administration amid financial pressures and declining tourism, with efforts underway to restructure and protect operations.
A major European hospitality chain has placed several of its hotels into administration after mounting financial pressures and falling tourism revenues. With the rising operating costs and weaker demand, the move aims to stabilise operations while seeking buyer interest or restructuring options. Workers and suppliers face uncertainty, though administrators say they will explore options to preserve jobs and maintain service continuity.