Rostock-based Arcona Hotels Resorts, which announced that it had filed for bankruptcy due to economic difficulties in its German operations, said in a statement on Monday evening that the aim was to preserve the company as a whole and reposition it for the future.
While the salaries of a total of approximately 500 employees affected by the bankruptcy filing of the hotel group Arcona Hotels Resorts were secured with bankruptcy loss compensation until the end of January, the company, founded in 2008, reported that the decision taken was due to the investment decisions taken during the ongoing pandemic and the rapid growth of the company being affected by unforeseen external factors.
Stating that the decision to file for bankruptcy was taken due to factors such as the war between Russia and Ukraine, bottlenecks in energy supply and high inflation, Arcona Hotels Resorts stated that the general reluctance to purchase among guests has led to significant losses in sales, especially in hotel restaurants.
Stating that the decision to file for bankruptcy within the scope of self-government was also taken in order to secure jobs in the company and create opportunities for a new start, the company's management also noted that it is confident that this step is absolutely right and necessary to restore the company's financial stability and create a successful future.
