A huge chunk of the largest holiday camp ever constructed by the Nazis will be converted into a 400-bed luxury hotel and 400 apartments.
Block One of the Colossus of Prora - built by Hitler in the 1930s along the lines of Butlins in the UK - was sold for 2.2million pounds at an auction in Berlin.
The building, the single-biggest sold in post-war Germany, had a reserve price of 700,000 pounds, but telephone bidding at a Berlin auction on Saturday sent the price soaring, the Daily Mail reported.
Prora was constructed on the Baltic island of Ruegen by the stormtroopers of the Nazi 'Strength Through Joy' leisure organization over a six-year period and occupies nearly three miles of beachfront.
It was meant to provide holiday entertainment for 20,000 of Hitler's hordes at any one time. But not a single Nazi ever got to stay there.
The last rooms of the 'Butlins-of-the-dark-side' were finished just as World War Two began in 1939 and Prora was left empty, the greatest white elephant of all time.
It was occupied after 1945 by the Red Army and became a top-secret Soviet base.
After German reunification, all the buildings were given listed status and a very few have been transformed into holiday flats.
Block One is nearly 1,200ft long and auctioneer Mark Karhausen juggled bids from least ten developers.