 On January 9, 2012, the owner of the property sought to demolish the hotel to build as many as 180 townhomes on the site.On December 13, 2013, it was reported that another potential investor, Belleview Biltmore Partners LLC, was negotiating the lease and purchase of the hotel and the golf club, hoping to restore the hotel.Managing Partner Richard Heisenbottle said, "We do not subscribe to the theory that the landmark Belleview Biltmore Hotel & Resort is beyond repair and can no longer be restored."