I hate to bash on Privilege's Emulator but VB6 just wont be good enough for this type of project. Easily such a hotel would see caps of thousands of users, which is not something that Privilege's emulator is capable of holding. I've seen hotels that aren't even advertised on RaGEZONE hit caps of thousands of users, imagine if we advertised it as the official hotel.
You're more or less close to the truth though we're all separated people, we have our own paths. I personally keep to myself nowadays and do small projects now and then. As for the rest, they seem to be fading away as well. I think the only serious developer you've mentioned would have to be Privilege but as I stated above I don't recommend his server for an Official Private Server for RaGEZONE...
However, if people really want an official hotel I can honestly get a real server together I've got access to private sources (never released which I have specific permissions to use), plus I'm probably on best terms with most developers I'm sure if I can't handle something myself I can ask for help or figure it out, considering my experience in the section I have doubts of any screw ups. Though this depends on whether people really want an official server or not, and whether or not another alternative is discovered (a new server or developer), I have several options in case nobody is found to step up.