Photo: Wikimedia Commons
Luxury sports car maker Porsche is selling a historic castle it owns in Bavaria after plans to turn the property into a resort fell through, according to AFP.The company picked up the castle, called Schloss Bullachberg, in 2006 for around $8 million.
But plans to renovate the structure stalled amid financial woes stemming from the economic downturn and the long-delayed merger with Volkswagen.
The 1.9 million-square-foot castle was built in the early 1900s, and is near the famous Neuschwanstein Castle.
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