The blue building is a hotel started in the '70s by drug lords.. the operative word being started. They ran out of money and never finished building which to this day remains unfinished. There is even pool on the roof which now just collects rain water and serves as a breeding ground for mosquitoes.
Perhab you are wrong, because this building was made for Government Offices (Social Secure), no for Hotel, but later they knew that the ground is bad for this structure (weight) and was uninhabited. The rest is truth.
If it was started in the 70's, it would have been in 79, because in 1978 it was not there.
It started in 1979, it was meant to be a hotel but the ground wasn'r solid enough so they stopped the construction, it was used by Social Secure offices for years. Now it's part of the landscape.
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Photo taken in Iquitos, Peru
Misplaced? Suggest new location