Hi guys I am just starting up this thread since I am sure there will be a need of some useful information exchange on this project. I am an investor in this project and am happy to find others out there with an interest here.
So far there has been no closings yet. According to my last contacts with the developer in November, it is just around the corner and the hotel is supposed to start operations in Q1 this year.
Terms and fees in the hotel management agreement where set in a separate contract at the time of purchasing agreement.
In terms of the total number of pure hotel units here, the number 1500-2000 appear too high. A big portion of the units are ordinary condos with an option to participate in the rental pool.
Will keep you all updated as more information is released.