Bluebonnet Hotel Ventures, L.L.C. v. Wells Fargo Bank, N.A.

EDITH H. JONES, Circuit Judge:

This appeal arises from the district court’s grant of summary judgment for Appellee Wells Fargo Bank, N.A. (“Wells Fargo”) on Appellant Bluebonnet Hotel Ventures’ (“Bluebonnet”) claim for rescission of contract. For the following reasons, we affirm.

BACKGROUND

Bluebonnet is a single-purpose corporate entity that was established to construct and operate a hotel in Baton Rouge, Louisiana. In order to finance the hotel’s construction, Bluebonnet obtained an allocation of tax-exempt Gulf Opportunity Zone bonds, which Bluebonnet intended to sell to investors. In late…