NIEDERRAD, Germany -- In the suburbs of Frankfurt, Germany's financial capital, sits an incongruous squat building with an imperial Chinese-style facade.
The edifice in the working-class neighborhood of Niederrad was supposed to be the first overseas outpost of the Diaoyutai luxury hotel brand, named for the regal Beijing compound dating back to the 12th century where the Chinese foreign ministry hosts foreign leaders like Kim Jong Un and Emmanuel Macron.