In an announcement that shocked no one, the confederation of unions received no bids for the Imperial Hotel in central Prague. If anything was shocking, according to hotel specialists, it was the asking CZK 2.15 billion asking price for the 120-room establishment, which the local press always describe as the “famous” Imperial Hotel. Frankly, when applied to buildings, the word ‘famous’ usually refers to an outdated building with an uncertain future. The owners of such buildings tend to have overly ambitious, nostalgia-fueled price expectations. In this case, the price appears to be a off by a few . . .
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