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Are We Surprised? Kempinski Pulls Out of the Ryugyong Hotel In North Korea

Where: North Korea
April 11, 2013 at 9:16 AM | by | Comments (0)

We know, we know. The Ryugyong Hotel saga has gone back and forth so many times now, we're beginning to just stop caring. In November, we told you (with some surprise, we admit) that Kempinski was set to become its daddy.

Well, that's not happening anymore.

Not that you really needed to hear it from us, though. As big bad North Korea keeps the whole world watching on the edge of our seats, the city of Pyongyang (or any other in the nuclear state, for that matter), is hardly a place major hotel chains want to be investing in right now.

A WSJ article states that Kempinski's plans for the Ryugyong Hotel (which, apparently, were never formalized) are "on indefinite hold." A spokeswoman for Kempinski said:

"There is no possibility to enter the market right now."

Of course, the world has bigger fish to fry than worrying about whether a pesky hotel will open or not, but we've got to hand it to the Ryugyong: we can't think of a single other hotel that's managed to cause such a stir for so long without a single guest ever having checked in, or even a single room having been completed. Let's just hope when this hotel does open, it'll be a sign that tempers have cooled and neighbor South Korea no longer has to worry about rogue rockets from the north. The sooner, the better.

[Photo: Ryugyong Hotel]

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