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Article: Takeover Inn Argentina: Argentina's worker-run cooperative movement.(TAKEOVER INN ARGENTINA)(BAUEN Hotel)
- Article from:
- Multinational Monitor
- Article date:
- September 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Essential Information, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BUENOS AIRES -- When he was hired as a hotel doorman in 1980, Marcelo Ruarte never imagined he'd be at the top of the corporate hierarchy one day. But then again, the corporate hierarchy isn't what it used to be at the BAUEN Hotel.
The 20-story luxury hotel, built in Buenos Aires' theater district in 1978, featured a disco, theater, pool, two restaurants and a piano bar. In the 1980s, business was very good, and a major addition was built.
Built with government loans, the hotel was part of an effort by the then-military dictatorship to boost the country's tourism industry. The 200-employee business was highly profitable for its president, a politically ...