I went to dinner at the Hardrock the other night… Got to see a room… wow! somebody knew what the hell they were doing… very impressive.
I called the next day to try and buy one… I was told they were sold out. I didn’t take no for an answer and tried to get on a waiting list, told them I could close in a couple days with cash (I could and I was 90% serious)… no luck.
Oxfordrick… I guess you need a new crystal ball… first development I have heard of that won’t take cash when they are not sold out.
Found out an owner nets 43% of the room rate. Not sure if that will cover a 400k 30yr fixed mortgage, but very close.
When the conventions come to town, the best parties will be at the HardRock, and everyone will want to change hotels.
(I sure am getting turned off from the FEW overly pessimistic, probably don’t have a pot to piss, chip on their shoulder wannabe homeowners on this site. Not that you are one Oxfordrick, but you do need a new crystal ball)