The Manhattan Club is a scam operation selling worthless timeshares. They sell for $1 on ebay. The NY Attorney General has launched and investigation and halted all sales and resales of Manhattan Club timeshares. Here some of the news articles:
Hotel in Manhattan Ordered to Halt Sale of Time Shares : http://www.nytimes.com/2014/07/26/nyregion/manhattan-hotel-ordered-to-halt-sale-of-time-shares.html?_r=0
A.G. Schneiderman Announces Court Order Barring Sales In Manhattan Club Timeshare Hotel: http://www.ag.ny.gov/press-release/ag-schneiderman-announces-court-order-barring-sales-manhattan-club-timeshare-hotel
Ritzy NYC time-share developer sued for fraud: http://www.crainsnewyork.com/article/20110713/real_estate/110719963/ritzy-nyc-time-share-developer-sued-for-fraud#
Timeshare a hotel hell: suit: http://nypost.com/2013/12/01/timeshare-a-hotel-hell-suit/
Big midtown time-share ordered to suspend sales: http://www.crainsnewyork.com/article/20140725/REAL_ESTATE/140729888/big-midtown-timeshare-ordered-to-suspend-sales
Swanky Manhattan Club timeshare a 'bait-and-switch' scheme, State Attorney General Eric Schneiderman says: http://www.nydailynews.com/new-york/nyc-crime/posh-manhattan-club-timeshare-scam-article-1.1880844
If you happen to be pitched a fractional ownership in the Manhattan Club in NYC, throw it in the trash. I have been an "owner" for a decade, and in spite of promises from the sales group of availability of my unit anytime, even on short notice, it's obvious that the organizers have oversold the occupancy capacity. We can't use our aprtment, regardeless of how early we try to book it. The place is always "sold out"
And resale value is next to zero so we are stuck paying ever increasing "maintenance" and tax bills. I suspect the developers are purposely trying to wear out the investors so they can walk away with a free Manhattan building built with other people's scammed money.
This is a scam. DO NOT EVEN LOOK AT THE PLACE