Back in the late 1990s....Kaiserslautern gave approval for a new hotel to be built. The investment crowd swooped in and got premier real estate in the mid-town area. The idea was a underground parking deck (probably enough for 200 cars) and a 80-room hotel.
About a year into this....a report came out that the original 'white-paper' was falsified and that there was not enough business in town to sponsor a new hotel. The investment crowd failed to show up for further cash flow, and the project stopped.
Roughly three years ago by....with a hotel mostly 60-percent done. The World Cup of 2006 arrives....still no action. The city actually goes and puts up 'cover' to ensure no one sees the half-made hotel.
The court finally renders a decision....to grab the ownership and sell what's left there. Basically....the original group lost all their money on this deal.
Somewhere around 2009....the building finally wraps up.
Use? Today, I doubt that they get more than thirty rooms a night rented out, and whoever runs the operation....is stuck with a marginal profit hotel.
The other day....some business analyst commented that around Germany today....there's around thirty hotel projects like this....'unfinished' and lingering in court action to sell off.
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