It’s all about the occupancy rate…
BLDGBLOG has a nifty piece on the remains of luxury hotels begun in the Sinai, but abandoned before they were completed.
They are resorts that never quite happened… with names like Sultan’s Palace and the Magic Life Imperial. This makes them “monuments to failed investment.”
More examples, and the full story, at: http://bldgblog.blogspot.com/2008/04/hotels-in-afterlife.html
As we head back to the drawing board, we might recall that it was on this date in 1994 that Nelson Mandela became President of South Africa– four years after he was released from (27 years in) prison. In his inaugural address, Mandela counseled: “Walk gently, breathe peacefully, laugh hysterically.”
Readers might further note that this is also the birthday of both Sid Vicious (1957) and Bono (1960)… and that, while Vicious is (ostensibly) dead, he and Bono were never actually seen together…
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