Decided not to convert

[Spence Super Moderator Find all posts View Profile Close Spence]

I'm just concerned that if we go from 0.10 per point to 0.12 per point this time at year's end for next year that we will be looking at 0.15 for 2011... and I may get myself priced out soon.

They have to be getting each other rich or buying new properties with this money... I don't see it going back in to existing inventory in upgrades/improvements.

Each and every resort has a budget approved by the BOD for that resort, most are in the control of DRI. The only money that gets each other rich or buying new properties is the management fees which appear to be ever incrreasing and, of course, the BODs approve, all the other budget items better be going where the budgets say.