Economy

April 3, 2010 12:23 PM

Recession tale: The rise and fall of Miami's only 5-star hotel

Pigeons live in the barren penthouse nightclub of the former Grand Bay, South Florida's last five-star hotel. A vagrant recently used the vacant lobby as a bathroom. The dining room hints of smoke from a campfire built on the polished cherry floors. Once, Michael Jackson took two full floors at the Grand Bay and its nightclub sold more champagne than any other establishment in the United States. Then came the recession.

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