Originally Posted by
uclabruin82
There was a large disagreement about the management contract for the FS NY going forward. As part of leverage, he decided to keep the FS Biltmore closed during the same time (some upgrades were / are also being made).
that is my understanding of the situation.
the nearby Rosewood has made a killing off of that closure.
yeah that rosewood is easily charging 50% more than comparable properties but to be fair, the owner has taken a no expense spared approach to get all the accolades. easily my favorite property in the entire US