Investor negotiations, payment problems and the struggle for locations: the economic situation of the Jufa group, the largest hotel operator in Austria, is tense.
According to internal information, there have been serious financial problems for 2020: certified annual accounts are missing, according to insiders, a positively surviving prediction was not available. The last record of Jufa Holding GmbH was dropped from the commercial register.
Miss Baas Gerhard Wendl confirms residues to creditors, but refers to measures in the Corona period: “We were able to secure the survival by subsidies and agreements with banks and landlords.” The debts from this phase would be gradually repaid, and moreover, we are currently working on high pressure on restructuring with new financing partners. The goal is to secure the approximately 1400 jobs and more than 50 locations.
Financing: 17 million euros at stake
The central point of current investor discussions is the public financing of around 17 million euros, which were originally granted as “local extension loans”. According to research, potential investors demand that the state of Styria does it without about 70 percent of this amount. The sum must actually be due when entering the investor. Mufa confirms that the subject is part of the negotiations – the final solution must be found together with the country.
There are further closing plans for 2025 and 2026. At the request, Miss Management only talks about “a few” unprofitable locations, for example in Styria. For this, the following is searched for the following with Missa participation. They work closely with the communities and take responsibility. Wendl: “We don’t withdraw alone.”
End of no -win
It seems interesting that the Jufa continues to lead the non -win lot in the name and therefore indicates a public character. The status of non -profit test, which yields tax benefits, no longer has been around since 2021. According to Wendl, however, the tourist operator would continue to live his social values, a real competitive advantage compared to private -exploited hotels could not be derived from this.
In the currently tense situation, the sale of vouchers with which the hotel operator Lucens Revenue has special explosive income. In the case of bankruptcy, vouchers would be practically worthless. Mufa also sees no problem in this: a prediction of existence has been created and there is “immediately before the conclusion of a restructuring agreement”. Including an investor input to Sub -areas to guarantee the survival.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
