Holiday Inn not a done deal.

So, by now, most of us have heard the bad news about the Holiday Inn plans.

Bill Bean had plans to purchase the downtown Holiday Inn from Lodgian, Inc., and transform the 208-room hotel into condos, offices, and possibly retail.

Well, after recieving results from a feasibility study being conducted by Design Collaborative, Bean announced that he would not be able to make money on the deal.

So the Holiday Inn is up in the air again.

Although, like others have said, this leaves room for the option of a developer buying the building and renovating it, keeping it as a hotel.

Of course, that still seems unlikely.
I, personally, would like to see it turn into condos, but thats just my opinion...