 In December 2001, the hotel was put up for sale for $3.3 million.On February 20, 2002, co-owner Michael Tippin served immediate eviction notices on the tenants, citing a lack of insurance on the building, however, a last-minute reprieve by Margaret Zeidler let the tenants stay after the hotel closed.The next day, the Zeidlers announced that they had found insurance for the hotel, allowing it to remain open.