Post reply
Original Message:
Re: Planet Hollywood towers in Las Vegas (by Cath C.):
JayJay: I visited vegas 3 times personally in the last 9 months. I enquired about this to all sorts of people ( excluding sales person but including even cab drivers).
You have your point towards timeshare in general and I dont believe this can be applied to PH.
Buddy, Aladdin casino and resort is will be totally transformed into PH casino and resort in the next 3 to 4 months. The towers and the beach will all be in BIG indoor complex attached to the PH casino and resort. Just and ring the PH resort or any top hotel in the strip, you will delighted to see no rooms available from 28 dec 2007 to Jan 1 2008.
From Dec 26 to Dec 28 or 29, you will find a 2 bed room deluxe ( par below the standard I described earlier) for renting around 600/night. That is 1 year in advance.
I totally disagree with you that : I CANT RENT DEC 26 TO JAN 1 in LV strip.
Secondly, The resort will be open in early to middle 2008. I cant believe you said westgate is trying to raise 1billion dollars in the next 1 year to built the whole 50 stories. They will not be even able to sell atleast 20% of suites for the next 1 year. They MAYBE able to sell all suites may be in next 5 to 8 years.
And I am not going to pay full in cash. I am putting 10% down only around early 2008 and want to see how much its renting for. If I fail I will be out (with 10% loss). Thats the condition I have it with my friend.
Some of the people I know also have bought pretty early around 44k (week 52). Of course they are the luckiest and no one will be able to get a week 52 for 44k again. I am trying to compromise and find a price around 50k range.
Anyways, just because all timeshares depriciate in value, you cant blindly club everything ignoring week 52, location.
Thanks for your reply jayjay