Viva Construction had been hired to assess the building prior to the 2020 auction, and reported that demolition was the best option.

At the auction, it was sold to Algemeen Pensionfonds Curaçao, a pension fund which planned to redevelop the site.

[2] The site where the hotel would be built was occupied by the Netherlands Marine Corps who were relocated to Marinebasis Parera [nl] in late 1955.

At the opening ceremony KLM announced direct flights from New York City to Curaçao.

[1][12] InterContinental decided to terminate the contract at the end of 1976, and negotiations with Canadian Pacific Hotels started.

[14] In 1981, large losses were reported, and the hotel only managed to keep afloat on the casino and subsidies from the island government.

The renovated hotel reopened in December 1986, and Richard Hart expressed confidence that it would be profitable.

Van der Valk wanted to expand the hotel with an artificial beach,[21] however the negotiations with the island government were difficult, and environmental groups demonstrated against further destruction of the coral reef.

[23] In 2011, Ivanovic sued Adèle van der Pluijm-Vrede, the notary at the time and acting Governor of the Netherlands Antilles, in a Florida court.

[32] Viva Construction had been hired to assess the building prior to the 2020 auction, and reported that demolition was the best option.