Why did the Dalat Xingwang Hotel project fail?

The Dalat Xingwang Hotel project had incomplete procedures and the person in charge was arrested, resulting in unfinished business. According to relevant inquiries, the building under construction in Dalate Banner, Ordos City, Inner Mongolia, with incomplete procedures is illegal. The person in charge of Xingwang Company, the project company, was arrested because of bank loan fraud. This left Feiyue Company even more at a loss as its creditors were arrested and the project became unfinished.