FOR THE OILMEN, consultants, and dealmakers frequenting Saudi Arabia, the best place to rub shoulders with the rich and powerful has long been under the crystal chandeliers in the marble lobby of the Ritz-Carlton Riyadh. &ldquo;It can take 45 minutes to walk from one side [of the hotel] to another,&rdquo; said one longtime American guest. &ldquo;It feels like a palace.&rdquo;Now, following what the government called an anti-corruption crackdown, the hotel has become the world&rsquo;s cushiest temporary prison, transforming on Nov. 4 into a holding cell for more than 150 Saudi businessmen and royal family members.But what of the millions the Ritz-Carlton operator typically makes when it&rsquo;s not being used as a high-end jail? When Fortune called the Chevy Chase, Maryland, company to book rooms for Christmas, a befuddled agent said, &ldquo;We have no idea when it will reopen.&rdquo; Recently, online bookings became available starting Feb. 14, and guests can again reserve that royal suite&mdash;for just $5,566. The fate of the remaining occupants is still unclear.As is true for many hotels in the region, its ownership is murky. Engineering firm Oger International, which built the complex, names the Saudi government and Ministry of Finance on its website as the clients. But &ldquo;finding out who owns hotels is not terribly easy&rdquo;, says Philip Wooller of hospitality data company STR. As for whether the government will reimburse the hotel operator, Wooller says, &ldquo;We will never be privy to that information.&rdquo;

A Hotel-Turned-Jail Will Soon Turn Back

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