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Original Message:

Re: Manhattan Club Lawsuit (by Dennis C.):

Mr Robinson is correct about the Royal Resorts in Cancun.... almost. In one of their developments There are three physically attached properties The Royal Mayan, Royal Caribbean and Royal Islander. The Mayan was sold, after 30 years to a hotel chain and the owners got back their residuals of about 70% of their investment (in the throes of the real estate meltdown). Now the Caribbean is being sold in a few months. 5 years later the Royal Islander. We've had a great run and relationship with out 4 units (some acquired from folks who wanted out). However, they've now adapted their new developments to offer All inclusive which is causing some quality problems...but there is no availability or rampant inflation of maintenance issues. Sorry that the rest of the industry adopted other business models. The Royals is tops in the industry.