LONDON - Luxury hotel operators Kempinski have told NK NEWS that plans to open rooms at the 105 floor Ryugyong Hotel in Pyongyang have been put on hold because of "market conditions" in North Korea.
Kempinski stunned the world last November when Chief Executive Reto Wittwer revealed that the German brand would be opening 150 rooms at the top of what media have long labelled as Pyongyang's "Hotel of Doom", the Ryugyong.
LONDON - Luxury hotel operators Kempinski have told NK NEWS that plans to open rooms at the 105 floor Ryugyong Hotel in Pyongyang have been put on hold because of "market conditions" in North Korea.
Kempinski stunned the world last November when Chief Executive Reto Wittwer revealed that the German brand would be opening 150 rooms at the top of what media have long labelled as Pyongyang's "Hotel of Doom", the Ryugyong.
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Chad O'Carroll is the founder of NK News/NK Pro and related holding company Korea Risk Group. In addition to being the group's CEO, O'Carroll is a frequent writer and commentator about the Koreas, having written about the two nations since 2010. He has visited the DPRK multiple times, worked and lived in Washington, D.C. with a focus on peninsula issues, and lived in the ROK since 2016.