The dragon-shaped Pangu Plaza in Beijing is surrounded by rumors. Shaped like a dragon — and stretching the length of seven football fields — is a colossal row of stone buildings that boast a high-rise office tower, shopping mall and what is referred to as a seven-star hotel (the limit on stars is generally accepted as five.)
This building has attracted a raft of rumors which have everyone from Bill Gates to Henry Kissinger either buying in or staying there.
The building’s developers officially denies the project has any relationship to the Olympics or that Gates resides there. And a spokesperson for the Bill & Melinda Gates Foundation declined to comment on the private affairs of the Gates family.
But the property developers do acknowledge that ‘someone very, very important’ resides in the building; that Buffett considered renting a courtyard space (all of which are on the top floor of the lower-rise buildings) and that Kissinger was a guest during the Olympics. Which is great publicity and cannot be proved either way.
Cai Xiaomin, a spokeswoman for Beijing Pangu Investment, the Chinese developer said, ‘We have had a lot of very important guests.’ Which is a neat trick if the hotel is not yet opened. Perhaps it is what the trade calls a ‘soft opening’.
The report describes the so-called seven-star hotel which has hand-carved wooden sculptures hanging from the ceilings, prints of traditional Chinese paintings, a Japanese restaurant that charges about $600 per person and a presidential suite that goes for about $30,000 a night.
This despite the fact that the building is still under construction. And that the hotel is not, in fact, yet open although this should happen in a few weeks.