Based on the details presented in the fourth and final paragraphs, analyse the following sentences:

I. The hotel has been completely demolished to make space for a modern public park, unlike the neighboring residential blocks.

II. While portions of the wider development remained occupied, the hotel building was shuttered, left to the elements, and trapped in stalled sales processes.

III.The hotel was trapped in a prolonged 16-year period of legal receivership and Íailed sales, whereas other parts of the town centre kept functioning with active te na nts.

Which of the sentences above present the reasons that distinguish the current status of the hotel building from the surrounding town centre development?