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spyguy

One Hyde Park Shennigans

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Sales value differentials don’t factor ground rent and various service charges, which for a Big Spoon in 2013 totaled — get this! — £59,953.73. (For the same price, incidentally, one could book 218 nights at the Mandarin Oriental Hyde Park, whose many conveniences and facilities are comparable to OHP on account of being literally identical.)

Not an obvious value proposition even for a Saudi billionaire!

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Not an obvious value proposition even for a Saudi billionaire!

I think the billionaires' thinking is that if they own a flat they can stay there whenever they like, rather than risking some other pesky billionaires having booked up all the good rooms at the Mandarin Oriental when they fancy popping over to London.

Same thinking as all holiday home owners, really.

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Hilarious article! Looks like OHP was designed to deliberately confuse and obfuscate the hoi polloi and they've succeeded. Typical behaviour of those wanting to "hide" their assets. I suppose that's how they got rich in the first place.

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