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.

Related content

Comments

Videos

More Videos

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

Actress Allison Janney surprises reporters at White House press briefing 02:49

Actress Allison Janney surprises reporters at White House press briefing

Senators McCain, Roberts have heated exchange over Obama’s Army nominee 02:32

Senators McCain, Roberts have heated exchange over Obama’s Army nominee

Bald eagle parents feed a cat to their babies 01:41

Bald eagle parents feed a cat to their babies

John Boehner calls Ted Cruz ‘Lucifer in the flesh’ 00:45

John Boehner calls Ted Cruz ‘Lucifer in the flesh’

Funniest presidents of the last 25 White House Correspondents' Dinners 02:24

Funniest presidents of the last 25 White House Correspondents' Dinners

Gov. Nikki Haley: Keep Gitmo detainees out of South Carolina 07:48

Gov. Nikki Haley: Keep Gitmo detainees out of South Carolina

Team USA counts down to Summer Olympics in Rio 01:40

Team USA counts down to Summer Olympics in Rio

Harnessing the power of water to turn it into electricity 03:51

Harnessing the power of water to turn it into electricity

Ted Cruz announces that Carly Fiorina as running mate 02:31

Ted Cruz announces that Carly Fiorina as running mate

Will Carly Fiorina help Ted Cruz win the Republican nomination? 01:30

Will Carly Fiorina help Ted Cruz win the Republican nomination?

S.C. Chamber of Commerce D.C. Fly-In 01:08

S.C. Chamber of Commerce D.C. Fly-In

Share Video

Editor's Choice Videos