FlyerTalk Forums - View Single Post - The Plaza, A Fairmont Managed Hotel
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Old Nov 23, 2010 | 3:43 pm
  #84  
thesuitestlife
 
Join Date: Nov 2010
Posts: 2
Appreciate the feedback. Plaza is a bit of a different creature.. as its' a condotel. Is the revenue share profitable for the owners? I guess only the owners' would know._
Wasn't privy to the per-unit financial stats, but I can tell you that we treated the owners like GOLD. So if you have millions lying around and like to feel like royalty when you travel, buy into an investment like that.

On a side note, the setup presents a significant difficulty for the front office management, as the rooms need to be blocked according to which unit's "turn" it is to receive room revenue. Gets dicey when a non-owner guest complains about their room and wants to move. So have mercy on the front desk managers!
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