Hilton West 57th

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Original Message:

Re: Hilton West 57th (by John J.):

I looked at the deal too, but did not buy for several reasons mostly because of the Hilton control of most everything, including the Home Owners Association. I asked but did not get an answer my question of when the conrol of the HOA is turned over to the non-Hilton owners. Most HOA bylaws requier the developer to turn over control after a certain percentage of the units are sold. My reading of the 57th street bylaws showed that Hilton will have a controlling interest until the LAST unit is sold. Will it hold on to the last one?