Published: Jan 30, 2011 6:56 PM EST
Updated: Jan 30, 2011 3:58 PM EST

FORT LAUDERDALE, Fla. (AP) - The sale of a historic Fort Lauderdale hotel has some preservationists worried about its fate.

The long-shuttered Escape Hotel opened on New Year's Eve 1949 and is one of the remaining mid-century modern architectural survivors on Fort Lauderdale Beach.

Developers had promised to save the hotel building and convert it to condos and townhouses, but recently decided their plan wasn't financially feasible and sold the property.

A company called Tiffany House LLC purchased the property Dec. 23 for $6.25 million but hasn't made public its plans.

The new owners told city officials Friday they're still discussing what to do with the Escape.

The president of the Broward Trust for Historic Preservation assures she'll be "watching with eagle eyes."

(Copyright 2011 by The Associated Press.  All Rights Reserved.)