Sunday, February 5, 2023

Fairmont Hotel’s ‘Scraper’ Buys Time With Another ERTE


Updated: 12.30.2022 12:28 PM.

scrap dealer of hotel Fairmont Juan Carlos I De Barcelona, ​​closed through 2020, finalizes another measure to gain time in the calendar for the hotel to reopen. Pablo Usandizaga It has managed to agree a further temporary suspension of employment (ERTE) with the workforce in order to prepare to reopen in the spring or summer of 2023 after overcoming bankruptcy.

According to a resolution reached by this medium, the lawyers and the workers’ representatives have agreed to another pause in the employment relationship. This agreement will now have to be validated by the commercial court that protects bankruptcy. SA of Barcelona Project, The Fairmont Society. For now, the Entente enjoys cuatrecasaswho advises the process, and the business administrator, marroquin lawyer,

benefits

The new temporary suspension of employment includes three benefits for the 312 long-suffering workers who have been waiting for the hotel to overcome the coronavirus pandemic and reopen in 2020. There are plans to pay an additional 200, 400 and 800 euros per month for employees who specialize in a management resort Urban five star great luxury.

These remunerations are designed to compensate pros who have exhausted their benefits after waiting for business to operate again after about three years.

Target: May/June 2023

This should happen in the spring or summer of 2023, when the new owners of Fairmonthome buying investment vehicle, Tyndareussubsidiary of Tyrus CapitalManage to reactivate the establishment as promised.

For now, the business is closed and closed with some minor repairs being done to the surrounding garden.

hotel permit canceled

If it runs again, Barcelona will reclaim one of its most iconic hotels. Fairmont It has been closed since 2020, when its previous owners, the family bin nasir, He disregarded the property. A long haul ensued to sell it with few buyers, but eventually exhaust sauce pan Hotel as it was one of the largest holders of the debt.

However, the investment vehicle will have to renegotiate the maddened land acquisition concession, which expires in 2039. The Barcelona City Council blocked its expansion, which put the business at risk. Without a solution for continuity, Fairmont He entered bankruptcy, a bankruptcy from which he is now trying to get out.

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