North Korea's unfinished Ryugyong Hotel has towered over the capital city of Pyongyang for over a quarter-century without opening, but late last year it looked like the 105-story pyramid's development hell was coming to an end. German hotel operator Kempinski swooped in and claimed it'd take the first reservations this summer for 150 of the hotel's planned 1,500 rooms. "This pyramid monster hotel will monopolize all the business in the city," said CEO Reto Wittwer at the time in comments reported by Bloomberg . "I said to myself, we have to get this hotel if there is ever a chance, because this will become a money-printing machine if North Korea opens up."
"This pyramid monster hotel will monopolize all the business in the city."
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via The Verge - All Posts http://www.theverge.com/2013/3/29/4159846/north-korea-ryugyong-hotel-opening-on-hold-again
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