According to a couple of different sources, Lorraine Hotel LP, owners of the Divine Lorraine building as well as the large lot to its rear, are on the verge of selling off the building. The agreement, with an unknown buyer, will be contingent on separating the land that the building sits on from the extremely valuable vacant land to its east.
Not long for this world
Empty lot to the east
Though the building is certified historic both locally and nationally, a recent engineer's report has revealed several faults in the building's foundation that will be nearly impossible to repair. This was apparently caused by ineffectual weatherization efforts over the past several years, as well as a massive water leak a few years back. As a result of this report, demolition has become the building's most likely fate.