What is going on with this hotel?

Conchman

Silver
Jul 3, 2002
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www.oceanworld.net
Many times when I fly into Puerto Plata I see what looks like an unfinished hotel on the beach, somewhere between Sosua and Cabarete. The layout of the building is shaped like an X, basically 4 large wings I would estimate about 70-100 rooms in each wing. I have always wondered what happened with this project, what it is supposed to be.

Last time I flew over it looked like one wing was painted and maybe people living in it.

Anybody have any info?