HPP acted as the restructuring administrator and supervisor in the restructuring proceedings of Omena Hotellit Oy and its parent company. The restructuring programmes of both companies were concluded in the fall of 2021.
The restructuring proceedings commenced in 2014. The seven-year restructuring programmes were successfully carried out despite the challenges in the hotel and travel industry due to Covid 19 -pandemic.
After the approval of the restructuring programmes, the business of Omena Hotels developed favorably strengthening the trust of customers and partners in the company. As a result, Omena Hotels was able to further develop its business and open three new hotels during the implementation of the restructuring programmes.
