 Istithmar announced plans to convert the building back into a five-star hotel, but they were unable to fulfill their debt obligation and surrendered the property to their lender in early March 2010.In early February 2012, FelCor Lodging Trust, a U.S. Real estate investment trust, acquired the building at a cost of $115 million.FelCor renovated the property for an additional $115 million, completely gutting it, with the exception of the historic facade, and converting it to a modern 330-room hotel.