the manhattan club
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Original Message:
Re: the manhattan club (by Richard F.):
June,
What you tend to discount, when you say that $1975.00 a week( not year) is a lot less expensive than a hotel, is your initial investment. If you purchased your two bath unit from the MC, you paid about $35,000.00. If you had invested that $35,000.00, at a return of only 6%, it would yield $2,100.00 per year. Therefore, we are actually paying $1975.00 plus $2,100.00 or $4,075.00 to use our two bath unit for one week or $582.00 per night. You can still rent a very nice room in Manhattan for $582.00 per night and you don't have to book 9 months in advance.
Richard