North Korea resumes construction on world's most hideous hotel

Filed under: Asia, North Korea, Hotels and Accommodations, News

North Korea is the hermit kingdom; a strange land of mass games and dear leaders trapped in a 1950's communist time warp. While they may not have modern supermarkets or PlayStation 3, North Korea does have one of the tallest hotels in the world, and it looms high above Pyongyang like a tribute to the ill advised whims of dear leader Kim Jong Il.

According to USA Today, The pyramidal Ryugyong Hotel began construction in the late nineteen-eighties and was spearheaded by Orascom - an Egyptian architectural firm. Construction of the abominable structure was halted after the fall of the Soviet Union. Without Soviet subsidies, North Korea could not afford the expensive project. Today, the 105 story building is again under construction and may cost as much as two billion U.S. dollars to complete, or 5% to 10% of estimated North Korean G.D.P. Relative to American G.D.P. terms, it would be like the United States sinking over a trillion dollars into a hotel project.

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North Korea resumes construction on world's most hideous hotel originally appeared on Gadling on Sat, 05 Mar 2011 15:00:00 EST. Please see our terms for use of feeds.

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