Azimut Hotels chain stops working in Europe

The Azimut Hotels hotel chain, owned by entrepreneur Alexander Klyachin, will close its business in Europe within a year.

At the same time, the Azimut Hotels chain remains international due to its presence in other countries, for example, in the CIS countries and Israel.

In 2022, the company owned eight hotels in Germany and Austria, now three hotels continue to operate — in Dresden, Erding and Nuremberg. According to the company, hotels in Berlin, Cologne, Munich and Vienna in Austria have stopped operating under the Azimut Hotels brand.