What's to become of Phnom Penh's Renakse Hotel?

Right in the historic heart of Phnom Penh, directly opposite the Royal Palace, sits the rapidly decaying shell of one of the city's important heritage buildings. I stayed in the Renakse Hotel on several occasions - most recently at New Year's 2005. A few years later, the Renakse closed its doors for the last time. The plan was for it to be demolished. Today, I was relieved that its execution seems to have been stayed - for now st least. UNESCO and others have appealed for its preservation. But I couldn't get any sense of future plans for the site. The building is presently occupied by local families and looks to be deteriorating rapidly.