What ever happened with W Prague?

It was announced in 2017 for a 2020 opening in the gorgeous Art Nouveau building on Wenceslas Square that used to house the Grand Hotel Evropa.

It's a stunning building, tons of movies have been filmed there.

I walked through it when I was in Prague in 2001. Part of it operated as a tourist hotel, while the rear portion was sublet to a guy who was running that portion as a hostel. He showed me around, I nearly switched from the hostel I was at, Pension Unitas, to stay in that grand old building, but it just felt like too much of a hassle.