BELGRADE, Serbia, Oct 19, (AP): Belgrade’s iconic Hotel Yugoslavia, once a symbol of progress in the former socialist state of Yugoslavia that broke apart in the 1990s and a favorite gathering place for local residents as well as world leaders, now stands in eerie silence awaiting its likely demolition. The once-bustling landmark - a leading example of modernist architecture when it was built in the 1960s - has fallen into disrepair, its future clouded by debates over its historical significance and the push for advanced development.

Its white facade, once polished and welcoming, is marred by crumbling concrete and graffiti. Inside, debris litters once-pristine red carpeted floors, while scattered pieces of broken furniture hint at the opulence that once filled its rooms and lobbies: Faded velvet armchairs, torn bed mattresses, sagging curtains and broken windows are all that remain of the luxury that once was. The wood-paneled presidential suite where top dignitaries would stay is now home to pigeons that fly in through the shattered glass.

As the Serbian capital grapples with hectic growth and new high-rises that dot its skyline, the almost certain fate of the hotel has sparked controversy, with some seeing it as a relic worth preserving and others envisioning new possibilities rising from its ruins. In its heyday after it received its first guests in 1969, it was a five-star hotel boasting one of the biggest chandeliers in the world made of 40,000 Swarovski crystals and 5,000 bulbs.

Its guest list included Queen Elizabeth II, United States Presidents Richard Nixon and Jimmy Carter, astronauts including Neil Armstrong, and Belgian and Dutch royals. The hotel, with a spectacular view of the Danube River in the capital's New Belgrade district, was damaged in NATO bombing in 1999 in an armed intervention over Serbia’s bloody crackdown on Kosovo Albanian separatists.

Only parts of the hotel were fully renovated, and it kept receiving guests until a few months ago, when private investors announced plans to demolish the structure and build a new one in its place. Two 150-meter (500-foot) -tall towers containing a luxury hotel, offices and private apartments will be built, according to the new owners.