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paging jim chanos

Richard Meier Has Been Busy Building Fancy Hotels in China

"That's where we have a lot of work," the architect told us last night at a party at Jeff Koons's studio, for the Art Car the artist is collaborating on with BMW. "We're doing an eight-star hotel there. Have you ever heard of an eight-star hotel? No? Neither have I. But things go more quickly in China. They just get it done." Hmmm. In case you're interested, the world's first seven-star hotel was erected in Dubai.

Related: Chanos Sees `Overheating and Overindulgence' in China

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Photo: Patrick McMullan