Monte Palace was a 5 star hotel in Sete Cidades (São Miguel, Azores Islands) that open only for one year. It was a foreign investment that didn't succeed and was unable to pay the suppliers. Soon after the closing became empty and now there's only the skeleton left. These days it is a monument in the island against especulation and disproportion. 

‘Isatis Tinctoria’. In Azores Islands (Portugal), at the end of the 15th century this plant was introduced to extract woad. For 200 years Azores Islands were one of the greatest exporters of this product for the textile industry. Isatis Tinctoria was grown on more than 30% of São Miguel island. Finally they were forced to end this business for economic pressures. Cheap imports from other countries and heavy taxes imposed by Lisbon killed the Azorean pastel trade. In the skeleton of the former Monte Palace hotel now rests the last Isatis Tinctoria field in São Miguel.