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Original Message:
Re: Manhattan Club Lawsuit (by Nathan Z.):
If you stay in a hotel, you need to add at least 20-25% in taxes and fees, so the correct dollar comparison is $300 at the MC vs $240 at a public hotel. I don't know if anyone on this thread has stayed in a NY hotel lately, but $240 doesn't buy much more than a tiny "sleeping room" with a full bed and not much else. The rates you see advertised are "teaser" rates. Check the availability charts and you'll see the actual rates are $40-$100 or more higher, depending on the night. Let's hope for the sale and reorganization of the MC, sooner rather than later, so liquidity can be restored, owners who want out can get out of the obligation, and the rest of us can enjoy the property for as long as we want to maintain our ownership.