DORINT Hotel in Augsburg GmbH & Co. KG

DORINT Hotel in Augsburg GmbH & Co. KG

DORINT Hotel in Augsburg GmbH & Co. KG filed for debtor-in-possession insolvency
proceedings in spring 2016. The investment company owned the hotel in the Bavarian city’s
impressive tower. During the proceedings, the hotel remained fully operational and was not
affected by the holding company’s insolvency. After considerable, complex negotiations and
a bidding process with more than 30 potential buyers, an investor was found just a few
months later. Management remained in charge and guided the company through the
proceedings itself. A PLUTA expert was appointed insolvency monitor by the court to support
the debtor-in-possession proceedings in the interests of the creditors. In the end, the
proceedings also paid off for the creditors, who received a 100% recovery rate.