Hotel Bauen
Coordinates: 34°36′18″S 58°23′33″W / 34.60500°S 58.39250°W
The Hotel Bauen is a recuperated business located at 360 Callao Avenue in Buenos Aires run collectively by its workers, serving both as a hotel and as a free meeting place for Argentine leftist and workers' groups. It is also used as a personal residence by some of the worker-owners.
Inaugurated in 1978, the four-star establishment received generous government subsidies in anticipation of the 1978 FIFA World Cup, which took place in Buenos Aires that June. The original owner, Marcelo Iurcovich, received 37 million USD for its development in 1976 from the Banco Nacional de Desarollo (BANADE), a state-owned business lender later absorbed into the Banco de la Nación Argentina. Tourism in Argentina subsequently suffered from the effects of the military dictatorship's Dirty War and the collapse of its economic policies, however. The hotel's finances worsened further after the opening of a number of newer, competing hotels in the 1990s, and during the crisis that developed in the early 2000s. In the wake of the December riots in 2001, and after systematic firings, the Hotel Bauen was closed on December 28.
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