Resort On Hitler's Former Hideaway Losing Money
The Intercontinental Resort Berchtesgaden drew controversy when it opened a few years ago. The luxury hotel is located on Germany's Obersalzberg mountain on the former site of a resort Adolf Hitler liked to use as a vacation spot. But recent German reports indicate that the Bavarian retreat isn't popular with modern Germany. The Intercontinental Hotel on the Obersalzberg mountainside near Berchtesgaden had an occupancy rate of only 53 per cent and lost 15 million euros since 2005 according to Sueddeutsche Zeitung. The report goes on to mention that state-owned bank Bayern LB which owns the hotel operating company received a 10 billion euro state bail-out but is not planning to sell the resort.