I don't usually talk about the Holiday Inn guy, but Gawker obtained a copy of the letter of intent sent to Perez' lawyers. The site would be owned by Zack Taylor, who is Canadian and runs a gossip site that is always sending out press releases, Nic Richie, who runs thedirty.com and finally, the big money behind the bid is Avid Life who shelled out $20M for hotornot a couple of years ago.
So, the interesting thing behind all of this is that it appears that Perez would have to say bye bye to his site. The new owners just want to use the domain to forward it to their new gossip site. They are basically buying the 55 million weekly page views. Perez has other sites and other interests now so it will be interesting to see if he is willing to walk away for $20M.