Goods from the Maksoud Plaza hotel in São Paulo will be auctioned on Monday
Project closed in 2021; hosted several artists, politicians and businessmen for 42 years
Reproduction/ Facebook @MaksoudPlazaHotel
The assets of the Maksoud Plaza hotel, in São Paulo (SP), will be auctioned on Monday (22 back.2022). The development located in Bela Vista, in the city center, has closed its doors in December 2021, after 42 years in operation.
In September 2021, the hotel filed for judicial recovery to pay its debts. The value amounts to more than R$ 81 million, without considering the labor debts.
At the time, Grupo Hidroservice– responsible for the hotel at the time– informed have cut 50% of their employees. With the definitive closure, about 170 employees were unemployed.
The justification given for the end of activities was the covid-19 crisis and the restructuring plan of the group.
The hotel was the 1st considered 5 star hotel in São Paulo. It hosted several celebrities, such as French actress Catherine Deneuve, British Prime Minister Margaret Thatcher, American singer Ray Charles and the English band Rolling Stones.
Maksoud’s main hall was also the scene of several programs, such as Frank Sinatra’s, in 1981.
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