I noticed a few days ago the doors for Hotel Mercedes were open and a work crew had
brought in some industrial dehumidifiers so they can dry out the interior and start cleaning.
Here is an interesting article about what they plan to do with the building.
Hotel Mercedes in Santiago will be a cultural center and an art museum.
The Hotel Mercedes will be converted into a cultural center and an art museum to preserve historical and cultural elements of the country.
Good news! I'm guessing it really doesn't need that much of an investment to bring it back to life again.