I have just received a letter from the owner of the resort wishing to cancel the leases and this first seemed good news. Then on further investigation it seems this is going to be a transfer of the lease to the hotel operator. They are stating that the hotel company will be in touch and offer varous options for owners to agree to. It has also been mentioned that the hotel operators wish to deal directly with owners and having one company manage 70% of the properties keeps the resort TVA complient.
Could anyone advise if they have come across this situation before? I have a CDP against the owner for unpaid rent and he also has a court case pending to cancel the lease which he has been able to dealy and appeal.