It would have been much better to have an owner who could get along with the hotel's owner and secure the members' lounge, lockers, showers, steam room, cart storage and pro shop, which we haven't had access to since soon after the sale of the hotel.

They even closed off the stairway to get down to the members' area.

All in all, a very disappointing end to this chapter and expectations for improvement are very low.

AI thought about it for over 1.5 minutes and then said:

The receivership was driven by partner deadlock (disputes over management, development, expenses, and financial transparency), not asset insufficiency. The sale resolved it as a going-concern transaction with full stakeholder recovery. No news or court reports indicate unpaid creditors, shortfalls, or losses (unlike the 2010-era Bear Mountain insolvency, where NHL players and others lost millions—this was a separate prior event).

So it turns out, I'm told, that the monied new owner is the guy who developed the Grindr app and made bazillions.

Strange times.