The property was reduced to an asking price of $17.5 million in July 2006 .
A contract was signed for sale to a Florida - based hotel business ( ' The Kessler Collection ' ) however that deal fell through and was mutually terminated by both parties .
The property was reduced to an asking price of $17.5 million in July 2006 and a contract was signed for sale to a Florida - based hotel business ( ' The Kessler Collection ' ) however that deal fell through and was mutually terminated by both parties .