The initial designs for the museum, created by the architectural firm Diller Scofidio + Renfro, were presented in 2009, with completion originally scheduled for 2014.

The project primarily concerns the historic Marriner S. Eccles Building and the adjacent complex on Constitution Avenue.

Institutional investment interest in the European hospitality sector is on the rise.

The project was executed in an area reaching altitudes of 3,000 meters, where winter temperatures can fall to -30°C.