The only thing I know is that the period open for advance bookings has been quite short since this latest episode started. As the open period winds down it does get extended a bit more.
A few months ago it really seemed like something might be up as the booking period was down to about two days. Someone called the hotel to see when it would be extended. The front desk is kept in the dark about things and they told the caller they were not sure it would be extended. It eventually was extended and extended again a few times.
There have been some on and off rumors that a developer who has a successful track record with Marriott might be interested in buying Matthews out. Problem with scenario is that the city or Matthews do not have much bargaining power.