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Frequently Asked Questions
Fractional Ownership

1
What is The Phillips Club?

The Phillips Club is a private, member-owned, residential club with luxurious studio, one- and two-bedroom apartments. It also features a variety of amenities and services designed to provide convenient, hassle-free visits. Commanding a prestigious location just across the street from Lincoln Center and a stroll from Central Park, The Phillips Club graces one of Manhattan’s most vibrant neighborhoods.

2
How is Ownership of The Club Evidenced?

Ownership is evidenced by a real estate deed, which is recorded and guaranteed by a title insurance policy. Each owners owns a one-eighth tenancy-in-common deeded fee interest in one of The Club’s residences. Members also own the elegant furnishings and accessories in the residences.

3
Can a Company or Corporation Purchase an Ownership?

Yes. An Ownership can be held in a corporate name. The Ownership designates an individual who is responsible for requesting lodging reservations in accordance with The Club’s LRPP.

4
Can More Than One Family Member or Individual Own a Single Ownership?

Yes. Families or individuals may form a partnership, trust or other legal entity which can own a single membership. It will be up to the joint owners to allocate Club lodging for that Ownership in compliance with the LRPP.

5
Is The Phillips Club a Typical Timeshare Development?

No. Timeshare is typically the ownership of a specific week, and lodging availability is limited. Phillips Club Owners have access to all Club residences of their membership type and all Club facilities with the right to use anytime, subject to the LRPP. The ownership structure and the reservation policies have been designed to provide flexible use and ample lodging for both business and leisure visits.

6
Why Was the Urban Club Concept Developed?

The Phillips Club is designed to provide more convenience, services and amenities than are provided by an equally luxurious Manhattan condominium development; provide each Owner with ample lodging for business and leisure use; and reduce the real estate cost through shared ownership. The Phillips Club offers an alternative to expensive and less spacious luxury hotel rooms while conveying real estate ownership in one of Manhattan’s most exciting neighborhoods.

7
Have Other Clubs Been Developed in This Manner?

Yes. This ownership concept has been well-received by buyers at some of the country’s premier resorts, such as Vail, Colorado; Telluride, Colorado; and Deer Valley, Utah, along with the first phase of The Phillips Club. Each is owned and operated much like The Phillips Club. The Phillips Club differs from the resort clubs by offering the value of business use as well as leisure use.

8
How Often Can Owners Use The Phillips Club?

If all Owners use their Club equally throughout the year, each Owner would have a minimum of 45 days use. However, there is no limit to the amount of use. If some Owners use The Club less than their available time, other Owners will be able to use it more.

9
How Does a Member Reserve Club Lodging?

The Phillips Club reservation policies allow Owners to reserve visits well in advance while also accommodating Short-Notice Visits. In the spring, Owners reserve their Annual Visits for the coming year. Reserved Visits and Short-Notice Visits are reserved throughout the year.

10
What if the Number of Owners Wishing to Stay During Their Planned Visits Exceeds the Number of Residences Available?

The Phillips Club has been designed to equitably allocate Annual Visits when demand for lodging may exceed supply. A rotating priority reservation system ensures all Owners will have equal access to peak-period Annual Visits over the years. Reserved Visit and Short-Notice Visit reservations are on a first-come, first-reserved basis.

11
Will Owners Always Stay in the Same Club Residence?

No. To provide greater flexibility and availability, Owners have equal access to all Club residences of their ownership type (studio, one-bedroom, executive one-bedroom, and two bedroom). Owners may request a specific residence and this request will be granted, when possible.

12
Can I Reserve More Than One Club Residence During the Same Time Period?

Yes. Because Owners are not restricted to a particular residence, they can reserve more than one residence of their ownership type at any given time. It is possible that an Owner could have as many as four residences reserved for the same time period (using all Annual, Reserved and Short-Notice Visit privileges) if they are available.

13
If All Residences of a Member's Residence Category are Reserved, Can Owners Lodge in Another Type of Residence?

If Members attempt to make a Short-Notice Visit reservation within 48 hours of arrival and all Club Residences within that Member’s Club Residence
category are reserved, Members may reserve an Alternative Club Residence for a maximum of two nights per visit. An Alternative Club Residence may not be occupied by Unaccompanied Guests. Members lodging in an Alternative Club Residence are required to pay the housekeeping fees normally charged for that Club Residence category. Members may not reserve an Alternative Club Residence if any Club Residences of their Membership category are available.

14
Do Owners Pay Annual Dues?

Yes. The annual owner dues pay for the professional management and operation of all Club facilities and amenities. Included in these annual dues are funds for staff salaries, supplies, maintenance, window washing, trash removal, legal/accounting, fuel, utilities, property taxes, and a reserve fund.

15
Is The Phillips Club Open to the Public?

When fully subscribed, The Phillips Club will be operated for the exclusive use, enjoyment and benefit of Owners, their families and their guests. Prior to full subscription, public use will be permitted. However, this type of use will not diminish lodging availability for Owners.

16
Do Members Pay Any Lodging Charges When They Stay at the Club?

No. Owners do not pay for use of Club residences. However, Owners do pay for housekeeping and additional requested services.

17
Do Members Pay Housekeeping Charges When They Stay at The Club?

Yes. A housekeeping fee will be charged for each visit. Owners receive Light Housekeeping Service daily, which includes fresh towels, surface cleaning of the kitchen and bathroom, trash removal and bed making. Owners and guests may request Full Housekeeping Service at an extra charge. Please see the Financial Information sheet for Daily Housekeeping Service charges.

18
Who Establishes the Dues and Controls the Affairs of The Club?

When The Phillips Club Owners take control of The Club as prescribed by The Club Documents, which comprise The Club Declaration, The Club By-Laws, The Club Rules and Regulations and The Club Reservation Procedures, and the Offering Plan, a Owner-elected Board of Directors establishes budgets and fees on an annual basis. Prior to that time the Sponsor controls the affairs of The Club.

19
What is The Quality of Club Construction, Furniture and Accessories?

Club construction is of the highest quality with elegant furnishings in each residence. The accessory package includes bedding, linens, kitchen utensils, cookware, flatware and silverware. All the Club residences were freshly renovated in 2025.

20
Can a Phillips Club Ownership Be Resold?

Yes. Like any other form of real estate in New York, the Owner’s ownership interest can be sold or transferred by the Owner, subject to The Club and Condominium Declarations and Bylaws.

21
Can Phillips Club Owners Bring Pets on Their Stay?

Yes. Owners are allowed to bring a pet dog weighing 65 pounds or less. Due to allergy concerns, pet cats are not allowed.

22
As a Phillips Club Owner, Can I Exchange Lodging Privileges with Other Residence Club Owners?

Yes. The Phillips Club2 has been selected to participate in the prestigious Elite Alliance exchange program Elite Alliance. Your  Phillips Club membership includes an Elite Alliance membership, providing exchange privileges with owners at a select and expanding family of residence clubs and other resort properties in coveted national and international destinations.

A SMARTER WAY TO OWN IN MANHATTAN

Enjoy the freedom of ownership without the full-time responsibility. For more information, please contact Ed Schnatterly at (877) 644-8900 or complete the form below for email correspondence.

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