South American Real Estate News
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The Iconic Sofitel Hotel is closing in the Retiro, Buenos Aires

The Sofitel in Arroyo 841 closes next month leaving its historic building that was inaugurated in 1929 Fifteen years ago, when it opened, it was major news. A group of foreigners had chosen a palatial tower in Retiro to install a luxury world-class hotel, the first of the French Accor chain in Argentina. The building is on Arroyo Street which is one of the most sought-after positions in Buenos Aires. Then the building was in a deteriorated condition and the  Argentine 2001 crisis was fresh (think…
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