North Korea's 'hotel of Doom' can open in 2013.

5:00 PM hotel, Koreas, North No Comments

Next year most interesting hotel opening is not a 6-star palatial Dubai building or an over-the-top Las Vegas accommodation, which would Versailles look like understatement.

It is also known as the highest hotel in the world and the "hotel of Doom" due to its long history, Ryugyong Pyongyang.

The huge gray building was begun first 1987 and opens its doors for the first time next year according to Reto Wittwer, achieving CEO of Kempinski international hotel operator, the German company that tried the project.

A Conference in Seoul, South Korea, Wittwer tells his hopes for the hotel on Thursday.

So, this pyramid-shaped Monster Hotel could herald a new era of openness of the country's famous closed relative now among Newmanagement of supreme leader Kim Jong-UN?

"The short answer is no," said Bruce Goslin, Executive, CEO of K2 intelligence and a connoisseur of the country, CNBC.com.

"Apart from the obvious facts that it dominated a hermit country, a dictatorship, and most of its population of hunger suffer it not many signs for Itopening soon."

Some in the West had hoped that the notorious Isolationalist regime could soften its approach, when Kim Jong-Il became its new President upon the death of his father last year.

However, he seems with controversial nuclear ambitions of the country have continued.

"The new President visited in the West, so you would be comfortable opening think - but he still has a very powerful Rulingmilitary deal, and I don't think you want to turn also friendly traipsing to tourists over the landscape," Goslin said.

"It's an interesting development, but we should not forget this is the same glorious leader, wanted to create an amusement park."

Kim since the presidential win Jong-un better publicized photo opportunities among the Rungra people's pleasure ground with its fresh married woman in July.

Kempinski it could be difficult when confronted with the challenges of access of to basic services such as water and electricity, Goslin pointed out.

Wittwer proposed that the new hotel could be a way for the Government to get access to foreign exchange.

Of course, you know when a population could suddenly change never. Very few people predicted in the Arab spring.

Above, there was an opening, it would want to see family members, the part of the regime to have been many ex taps as well as to Internationalvisitors curious to see, which closed state looks like.

Goslin said this was unlikely, and argued that the Government access to hard currency by "Participation in criminal enterprise like Drugsmuggling."

The investment raises the intriguing possibility that it has Western Governments as a way of helping North Korea to Becomeless insular, Goslin noted encouraged been.

Still, there no reason on investments in North Korea still upset, he said.

"This is not for one of the biggest earners of this hotel chain - may be more symbolic than anything else," he said.