Quote:
Originally Posted by queenie40something
Hi Danny - yes same as Sierra in Nabq. We estimated around £800,000 collected so the interest should last quite a few yrs.
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Certainly beats getting a bill each year which is only going to go up. There is big business to be made in annual maintenance when you consider how little resort workers get in Egypt and how cheap most commodities are in comparison with other countries. It would make good reading to see a spreadsheet of how maintenance money was spent if you consider a resort with 300 apartments x £500(average) would pull in £150k per annum.