UPDATE: While they were quick to announce Hotel 33 with Nicolas Cage, Foresight Unlimited has the benefit of hindsight and is backing off a bit. “We have learned that the deal with Nicolas Cage on Hotel 33 is not yet closed,” the company said in a statement tonight. “We therefore feel it is prudent to let the parties finalize their negotiations before we move forward with international representation of the film.”

Foresight Unlimited, Emmett/Furla Films and Envision Entertainment are gearing up with their third project together after 2 Guns and Lone Survivor. Described as a surreal thriller, Hotel 33 stars Nicolas Cage and is based on the presumed event surrounding the disappearance of 32 people on the opening night of the Grand Hotel in Williamsport, Pennsylvania, in 1953. Cage plays a detective investigating the happenings when four teenagers break into the abandoned hotel and things go mysteriously awry as two of the kids disappear. First time feature helmer Kellie Madison wrote the script and will direct with production to start in September. Open Road is releasing in the U.S. and Foresight is selling international. Randall Emmett and George Furla are producers. Envision’s Remington Chase, Stepan Martirosyan and Vitaly Grigoriants, and Foresight’s Mark Damon are exec producers as is Malek Akkad.