North Korea’s ‘hotel of doom’ may finally open: Reports

North Korea's Ryugyong Hotel may be getting a new lease on life -- and finally open.

The building, also known as the "Hotel of Doom," has been vacant since construction began almost 30-years ago.

Last week walls surrounding the empty 105-story structure were taken down, which has led to speculation that construction might begin again, according to FOX News. Two large ramps were unveiled, as well as a new sign, reading "Rocket Power Nation."

Images of the abandoned hotel:

11 PHOTOS
North Korea's Ryugyong Hotel -- the "Hotel of Doom"
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North Korea's Ryugyong Hotel -- the "Hotel of Doom"
The 105-storey Ryugyong Hotel splits the sky over Pyongyang, the North Korean capital. The picture of a crane sitting idle on top of the hotel has become a familiar one for locals, unchanged for over a decade. The partially complete building now stands tall, but without windows or visitors. Picture taken April 24, 2002. REUTERS/Teruaki Ueno TO ACCOMPANY FEATURE STORY KOREA-NORTH-ECONOMY ES/RCS
Ryugyong Hotel is seen in Pyongyang in this picture taken August 28, 2009. The towering North Korean hotel, which Esquire magazine once dubbed "the worst building in the history of mankind", has come back to life with a facade of shiny glass windows affixed to one side of the concrete monolith. Picture taken August 28, 2009. REUTERS/The Korea Sharing Movement/Handout (NORTH KOREA BUSINESS POLITICS SOCIETY) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS
The 105-storey Ryugyong Hotel, the highest building under construction in North Korea, is seen in Pyongyang April 11, 2012. REUTERS/Bobby Yip (NORTH KOREA - Tags: CITYSPACE TRAVEL BUSINESS CONSTRUCTION ANNIVERSARY)
PYONGYANG, NORTH KOREA - 2002/10/01: Ryugyong Hotel in background is the highest building in the country; its construction was stopped in 1992. (Photo by Zhang Peng/LightRocket via Getty Images)
(GERMANY OUT) North Korea; Pyeongyang; unfinished Ryugyong Hotel (Photo by Hans Peters/ullstein bild via Getty Images)
PYONGYANG, NORTH KOREA - AUGUST 24: A view of the Pyongyang cityscape, looking towards the Ryugyong Hotel Tower from Yanggakdo Hotel on August 24, 2015 in Pyongyang, North Korea. North and South Korea today came to an agreement to ease tensions following an exchange of artillery fire at the demilitarized border last week. (Photo by Xiaolu Chu/Getty Images)
PYONGYANG, NORTH KOREA - SEPTEMBER 08: Tramway passing in front of ryugyong hotel, pyongyang, North Korea on September 8, 2012 in Pyongyang, North Korea.
The top of the 105-storey Ryugyong Hotel, the highest building under construction in North Korea, is seen in Pyongyang, North Korea early October 9, 2015. North Korea is getting ready to celebrate the 70th anniversary of the founding of its ruling Workers' Party of Korea on October 10. REUTERS/Damir Sagolj
The 105-storey Ryugyong Hotel, the highest building under construction in North Korea, is seen behind residential building in Pyongyang, North Korea May 5, 2016. REUTERS/Damir Sagolj
A man cycles along the bank of Taedong River on the other side of the bronze statues of North Korea founder Kim Il-sung (L) and late leader Kim Jong-il, in Pyongyang July 26, 2013. The 105-storey Ryugyong Hotel is seen behind the statues. REUTERS/Jason Lee (NORTH KOREA - Tags: SOCIETY)
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The wall dismantling took place the same week that the rogue nation launched their second intercontinental ballistic missile.

Business Insider reports that work on the pyramid-shaped building began in 1987 but stopped in the early 1990's because of the bad economy. Construction started up again in 2008, but then stopped again in 2013.

Only time will tell if the "Hotel of Doom" will finally open.

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