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A 61-year-old hotel that has never had a guest

fortune.com

1–10 of 48 posts

Re: A 61-year-old hotel that has never had a guest

#2
What's astounding is that the regional government can fund something to the tune of millions of dollars, then red tape it to death. Almost makes me wonder if the project failed due to the vicissitudes of political climate.

Those sorts of politics happen in companies too, which makes me wonder if there are similar "almost done, could be great, but never quite finished" pieces of software.

Re: A 61-year-old hotel that has never had a guest

#4
post #3

Makes you wonder what will happen to the Fontainebleau in Las Vegas

That thing is incredible. For those who are unfamiliar, it is an empty, uncompleted, unoccupied multi-billion dollar resort-hotel on the Las Vegas strip that was left unfinished after the big real estate market bust of the late 2000s. The outer shell of the building was completed all the way up to the highest floor, but the interior was never finished and according to Wikipedia it would require an estimated $1.5 billion more to finish to the point where it could open. It's been sitting unfinished in the middle of Las Vegas for years now, much like the famous Ryugyong Hotel in North Korea.

The building itself is a sight to behold. Even in the outsized scale of Las Vegas, it's considerably taller than most hotels on the strip. I took a walk towards its end of the strip one night without knowing what it was, and after initially seeing it in the distance and thinking it was fairly small, it just kept getting bigger and bigger without seeming to get any closer. Finally I got up next to it and counted the floors in amazement. It's very surreal to see this giant unfinished monolith sitting completely dark in the middle of all the lights and activity of Vegas. Amazingly, it's still the #2 tallest building in the city (surpassed only by The Stratosphere):

https://en.wikipedia.org/wiki/List_of_tallest_buildings_in_L...

Re: A 61-year-old hotel that has never had a guest

#5
post #2

What's astounding is that the regional government can fund something to the tune of millions of dollars, then red tape it to death. Almost makes me wonder if the project failed due to the vicissitudes of political climate. Those sorts of politics happen in companies too, which makes me wonder if there are similar "almost done, could be great, but never quite finished" pieces of software.

Looking at it simply, it's obvious that it was never designed to be opened. Seems as though large amounts of public money have been in play. If you look at the results it would seem to be that it was designed to siphon off funds.

Re: A 61-year-old hotel that has never had a guest

#8
post #5
post #2

What's astounding is that the regional government can fund something to the tune of millions of dollars, then red tape it to death. Almost makes me wonder if the project failed due to the vicissitudes of political climate. Those sorts of politics happen in companies too, which makes me wonder if there are similar "almost done, could be great, but never quite finished" pieces of software.

Looking at it simply, it's obvious that it was never designed to be opened. Seems as though large amounts of public money have been in play. If you look at the results it would seem to be that it was designed to siphon off funds.

It would seem that this was a success then. It take real skill to be able to siphon of funds for the same building 4 times.

Re: A 61-year-old hotel that has never had a guest

#10

This is just a repost of the http://www.thelocal.it/20150716/grande-hotel-san-calogero-no... story. Pretty brasen by Fortune.

Seems it must have been resold via some kind of wire service, as seaching for it finds the same basic headline across a number of news sites.
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