Comments on: W South Beach (2201 Collins Ave) Condo Hotel Deception & Lawsuits

By: airport parking brisbane

airport parking brisbane — Fri, 09 Dec 2011 13:44:00 +0000

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By: Imafraud369

Imafraud369 — Tue, 13 Sep 2011 10:33:00 +0000

This member’s reviews have been voted helpful by TripAdvisor travelers.
CAVEAT EMPTOR – DON’T VISIT W SOUTH BEACH -SEE COMMENTS BELOW
“Does not honor SPG”
Reviewed September 2, 2011
Do not stay here. This hotel refuses to honor SPG benefits. They had 65% occupancy and refused to allow a platinum member checkout after 12pm. I wasn’t even asking for the 4pm, guaranteed checkout available to platinum members, I was asking for 2pm. Hotel very poor when it comes to valuing SPG members.

Was this review helpful? Yes

By: Imafraud369

Imafraud369 — Tue, 13 Sep 2011 10:30:00 +0000

James M
New York City, New York
1 review
“Rat Infested – DON’T VISIT W SOUTH BEACH”
Reviewed September 10, 2011 NEW
There are so many things wrong with this hotel…shall I start with saying there were RATS and RAT FECES in our room…umm…GROSS. Service is terrible, rooms are worn out, dirty, items broken and missing in the room, and housekeeping is worthless. As an SPG Platinum member, I travel to so many places and this hotel claims to be luxury and…
Looks like the rats are rea including the small and large ones at Wl. Reminds me of the line;

You Dirty Rat
Just by looking, you can tell he’s a real Rat Bastard.

“Rats is rats, past, present, and forever. Weasels change, but rats is rats!” —John Wesley Weasel, The Book Of The Dun Cow

By: Imafraud369

Imafraud369 — Tue, 13 Sep 2011 10:24:00 +0000

I wonder how much of the unit sales at W South Beach were paid in cash with NARCO DOLLARS? If so then W South Beach and its parent company may be engaged in money laundering and may be subject to Federal charges and forfeiture laws. Please contact and ask the real estate agent below.

By: Imafraud369

Imafraud369 — Sat, 10 Sep 2011 11:39:00 +0000

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
NOTES TO FINANCIAL STATEMENTSStarwood has disclosed in their financial statements that they may expect to lose a lot of money on this case and/or other litigation. “However, depending on the amount and the timing, an unfavorable resolution of some or all of these matters could materially affect the Company’s future results of operations or cash flows in a particular period.” Thus, stockholders and potential investors should take very seriously the notes to the Starwood financial statments and potential purchasers of their condominum products should become ”aware” that such disclosures exist for very valid and legal reasons. The wording is that of the Starwood managment – not the marketing departments of the condominum units – or the investors in the W South Beach properties. CAVEAT EMPTOR!!! Note 24. Commitments and ContingenciesLitigation.The Company is involved in various legal matters that have arisen in the normal course ofbusiness, some of which include claims for substantial sums. Accruals have been recorded when the outcome isprobable and can be reasonably estimated. While the ultimate results of claims and litigation cannot be determined,the Company does not expect that the resolution of all legal matters will have a material adverse effect on itsconsolidated results of operations, financial position or cash flow. However, depending on the amount and thetiming, an unfavorable resolution of some or all of these matters could materially affect the Company’s futureresults of operations or cash flows in a particular period.The Company is involved in various legal matters that have arisen in the normal course ofbusiness, some of which include claims for substantial sums. Accruals have been recorded when the outcome isprobable and can be reasonably estimated. While the ultimate results of claims and litigation cannot be determined,the Company does not expect that the resolution of all legal matters will have a material adverse effect on itsconsolidated results of operations, financial position or cash flow. However, depending on the amount and thetiming, an unfavorable resolution of some or all of these matters could materially affect the Company’s futureresults of operations or cash flows in a particular period.

By: Imafraud369

Imafraud369 — Sat, 10 Sep 2011 11:39:00 +0000

By: Imaf raud

Imaf raud — Sat, 10 Sep 2011 03:50:00 +0000

Looks to me like there was an attempt by W to sell a “security” as opposed to a real estate sale which may run afoul of the Securities and Exchange Commission rules and regulations. If so, then expect a class action law suit by the investors that were ripped off will a lack of full disclosure and deceitful marketing practices. If I were W I would give the investors back their money with statutory interest now then face a jury trial and face punative damages..
Peter B.

By: Pousadas em buzios

Pousadas em buzios — Thu, 07 Apr 2011 18:06:00 +0000

Hey, this one is really one of the saddest news for W Hotel South Beach. And it’s really all about for money and land. Thanks for the sharing some informative news.

By: AshtonC

AshtonC — Mon, 21 Jun 2010 18:24:26 +0000

As of June 21st, 2010, 66 deeds are recorded through Dade County or 20% increase in 'closed' W Hotel units over March 2010 figures reflecting 53 sales. In the last 90 days alone, 16 luxury condos of South Beach have closed above $1,000 psf with the highest PSF sales at Setai reflecting $2,416psf and Fontainebleau II selling at $2,000psf!

It's good to be familiar with W prices (MLS Resales Ave.~ $1,830 psf) and I agree the rooms are small, however it's not about the amenities demanding these values. Rather the speculators looking for loopholes to get out at the contract prices. W South Beach buyers don't care about amenities so much as they “demand” service & exclusivity with the W name & reputation alone proving the very best clientèle.

By: Virtualusa

Virtualusa — Mon, 21 Jun 2010 17:48:19 +0000

These condo/hotel units will never appraise out. The current depressed market will not support these rediculous asking prices. There are high sales in the market, but their living areas are at least 500 to 1,000 square feet larger than those offered here. Most luxury highrise condo building have comparable amenities, so don't tell me that the hotel amenities are going to demand these rediculous $1725 per square feet price.