Actually the group you speak of is very experienced in building and operating hotels. I do not know all the players in the group but know several. Also, currently the hotel industry is going through the worst time in the history of the hospitality industry. So bad is it right now that seasoned operators and owners are having difficulty obtaining funding even with 50% equity to contribute for a property. Before the economy went south one could get financing with only 20% down. Again, I do not know the particulars of why this project did not happen or isn't proceeding but wanted to clear up that the group is a seasoned developer of properties. This does smell just like a casualty of the economy and tight lending. Yes, they could probably come up with the first million no problem but the other millions to complete the project could be the issue and the rate of return they would need in this economy. I would also like to state I am in no way affiliated with the group or it's players in any way.