The Gloria Hotel used to belong to the once Brazilian billionaire Eike Batista. His empire collapsed last year and since then most of his businesses have been sold or investments have been put on hold. The hotel was under a major refurbishment and the workers simply stopped working mid last year when the crises became well known to everybody in Rio and in Brazil.

The hotel was then sold yesterday to the Swiss group Acron. It is still not clear which tour operator the new owner will put in charge to run the hotel on a daily basis. Maybe they will finalize the original project, which envisioned the construction of more 346 luxury rooms, placing the Gloria Hotel as one of the top ten hotels in the world.

The post Hotel Gloria has been sold appeared first on Tours Rio de Janeiro.