Why is Chaoyangmen Hotel, the first city in the world, abandoned?

Poor management. According to the data of the World Wide Web, Chaoyangmen Hotel, the first city in the world, was abandoned because of poor hotel management and operation. Chaoyangmen Hotel is designed and built according to the standard of a four-star hotel. It is located in the east of the inner city, the first city in the world, with a total construction area of 34,548 square meters and rooms of * * * 179. Due to poor management, the hotel was abandoned in 2004 and was subsequently demolished.