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good morning my name is Richard Im here to film my weekly blog on condo hotels it is november six 2012 as you can see on my lapel I have just returned from the polls and Ive just voted and you should do the same today Id like to discuss an area that is often talked about often misconstrued or misunderstood and that of course creates argument and misunderstanding this is the rate of return that a unit owner receives in a percentage from what the hotel operator brings in as gross room revenue so what percentage of gross room revenue does the owner receive mr. Smith and condo a and mr. Jones and condo be will have a big argument because mr. Smith says mr. Jones I get fifty percent of the gross room reven the Jones says I get forty two percent and then the argument begins why the disparity if they both had bothered doing the calculation what they could find is they could find actually the gentleman who is receiving fifty percent may in reality really be receiving forty-one percent that
