No More Louisville Downtown Holiday Inn

I was very surprised to see, that the owners of the downtown Holiday Inn were covering up the Holiday Inn logos last week. Apparently the downtown Holiday Inn dropped their affiliation. The temporary signs now say Hotel Louisville Downtown. They have covered up the logo on the south side of the building as well as the sign in the parking lot on Broadway. The big logo on the north side of the building still says Holiday Inn, but I'm sure it won't say that much longer. It seems a little weird since the hotel was recently renovated.
I can only speculate, but with the Holiday Inn chain's expansion recently (new hotels on Crittenden, as well as Fern Valley), it seems the downtown location probably did not meet their standards anymore. I just hope the now chain less hotel won't become a dive hotel, selling rooms for $33.95.