The Triforêt Alpin.Resort on the Hutter floors in Hinterstoder will be reopened on schedule on 28 May, according to the operating company that is put into the bankruptcy. But there is also doubts about that. It is also questioned because the company was able to collect a debt mountain of 17 million euros.
A year and a half after the opening, the lights recently released in the Triforêt Alpin.Resort in Hinterstoder. “It is currently closed according to schedule and will be opened again on 28 May – also as planned -“, the Werkbedrijf Alpin Family GmbH does not want to know about a last one.
As reported, the operating company slid bankruptcy with 17 million euros, the Triforêt by 1.7 million. “Nevertheless, business activities in all companies in the Alpin Family Hotel Group remain without restriction during the renovation process. Extensive restructuring and renovation measures are planned,” says a statement by Alpine Family GmbH.
Three million euros Corona help
However, the bankruptcy raises questions that are far beyond the Stodertal. In recent years, the business construction has received three million euros in Corona AIDS and has received a loan from the operational agent of more than four million euros, which is 90% protected with a guarantee statement by the AWG (Austria Wirtschaftservice Gesellschaft).
Dominated company Incorporated
In 2023, the Alpin Estates GmbH subsidiary was taken over with a balance sheet of 2.3 million euros and equity of 3.1 million. The Alpin family says: “In recent years, the Alpin family has invested in team, IT and Structures and has the portfolio of Hospitality Bros.
Restructuring required
These factors, in combination with the rapid expansion, the strongly changed booking behavior of tourists, the unexpected weak winter and the effects of inflation, have led to liquidity bottlenecks that require extensive restructuring.
The goal is to maintain the company
According to the Alpin family, the renovation process is a proven restructuring instrument of the Austrian renovation legislation. The aim of the renovation plan is to maintain the company and to make it suitable for the future.
According to the company, the renovation and restructuring will take effect within a few months. All companies will continue during the restructuring and the salary payments of the employees are secured.
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.
