Yeah, unless someone with the deepest pockets ever comes in and completely renovates that building, removes all the asbestos, etc. it will probably need to be razed, which is a shame.

Now my good idea. After a good asbestos removal, an awesome horror filmmaker, lookin' at you James Wan, should come in an make an epic horror movie because that building is seriously next level creepy. Then the movie can finish out with some input by Michael Bay, meaning the building will be imploded (can't be exploded) to smithereens (the reason for the preemptive asbestos removal) and then a movie will be made and a building will be gone.

I was standing near the building helping someone do some filming one day and I'd look up at the hotel and think about how amazing it would be to use it for a horror movie.