The club were officially relegated to the Championship on Saturday.
The Villans were officially relegated to the Championship on Saturday afternoon, bringing about an end to their long stay in the top flight of English football.
The relegation all but concluded what has been a disastrous campaign for the club, both on and off the pitch.
The mood around the club is currently a low one, and Hollis says that the fans should be reassured by that as it shows they are determined to return Villa to their former glory.
“Your profound sadness is shared by everyone connected with the Club,” he told avfc.co.uk.
“While I know that will be of little consolation in the days ahead, it should be a source of reassurance as we rebuild the foundations for future successes.
“Together, we share the same goal. We intend to restore Aston Villa Football Club to its rightful place. It is a journey we must make together so we can bring success, enjoyment and exciting football back to Villa Park once more.”
The first decision that Hollis and the board must make to win back the fans' trust is in regards to their next manager.
The general consensus seems to be that they will need a manager with experience of the Championship, with the belief being that the club could struggle in what is a ruthless division.
The leading candidates at present appear to be David Moyes and Nigel Pearson, with the former surely the favourite of those two given his success with Leicester City previously.