[1] The lot where the hotel sits today was originally purchased in 1902 by Bunge y Born, a leading local agribusiness firm.
They had one of the largest wheat mills in the country, which allowed them to establish Molinos Río de la Plata (a leader in the local retail-foods market).
The development of a new port further north after 1911 led to the original docklands' obsolescence, however, and by 1998, the shuttered El Porteño building (as the historic mill was known locally) had been slated for demolition.
[4] Faena, together with interior designer Philippe Starck, developed the structure into a hotel with 88 rooms and 80 residential units.
The hotel includes the rustic El Mercado restaurant, Bistro Sur restaurant, Library Lounge bar, La Cave wine cellar and private dining room, fashion boutique, El Cabaret, and Faena Spa.