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Old Jul 9, 2004 | 8:54 pm
  #2  
NYBanker
 
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
I've seen the ads - but don't know anyone who is a member.

I saw an article somewhere within the last few weeks that said this organization, or one of their competitors, will let you stay at one of their properties for a few nights, paying a fairly steep nightly tariff, but without paying the large upfront fee. Seems like a reasonable due diligence expense.

Also - what is the ownership structure that you get for $350k? Is something deeded? Is it an LLC interest in all the properties?
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