Wendell, refunding the credit card seems like the logical way to do this. That's what Club F did.
And Carol, I agree that Jim Ruos is an honest businessman. All of our dealings with him have been pleasant & efficient.
We'll let you know when and if we get this straightened out.
Regarding whether or not they will rebuild - this is a prime location. If they don't, someone will. I worry that it would be a big money chain hotel (a la Westin, etc.).