Questions & Answers
What is The Phillips Club2?
The Phillips Club2 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 Club2 graces one of Manhattan’s most vibrant neighborhoods.
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 Member 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.
How many memberships will be sold?
The Phillips Club2 will offer only eight memberships for each Club Residence. The total number of memberships offered is anticipated to be 704 for the 88 Club Residences.
Can a company or corporation purchase a membership?
Yes. A membership can be held in a corporate name. The membership designates an individual who is responsible for requesting lodging reservations in accordance with The Club’s LRPP.
Can more than one family or individual own a single membership?
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 lodging for that membership in compliance with The Club’s LRPP.
Is The Phillips Club2 a typical timeshare development?
No. Timeshare is typically the ownership of a specific week, and lodging availability is limited. The Phillips Club2 Members have access to all Club residences of their membership type and all Club facilities with the right to use anytime, subject to The Club’s LRPP. The ownership structure and the reservation policies have been designed to provide flexible use and ample lodging for both business and leisure visits.
Why was this urban Club concept developed?
The Phillips Club2 is designed to provide more convenience, services and amenities than are provided by an equally luxurious Manhattan condominium development; provide each Member with ample lodging for business and leisure use; and reduce the real estate cost through shared ownership. The Phillips Club2 offers an alternative to expensive and less spacious luxury hotel rooms while conveying real estate ownership in one of Manhattan’s most exciting neighborhoods.
Have other clubs 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 Club2. The Phillips Club2 differs from the resort clubs by offering the value of business use as well as leisure use.
How often can owners/Members use The Phillips Club2?
If all Members use their Club equally throughout the year, each Member would have a minimum of 45 days’ use. However, there is no limit to the amount of use. If some Members use The Club less than their available time, other Members will be able to use it more.
How does a Member reserve Club lodging?
The Phillips Club2 reservation policies allow Members to reserve visits well in advance while also accommodating Short-Notice Visits. In the spring, Members reserve their Annual Visits for the coming year. Reserved Visits and Short-Notice Visits are reserved throughout the year.
What if the number of Members wishing to stay at The Club during their planned visits exceeds the number of residences available?
The Phillips Club2 has been designed to equitably allocate Annual Visits when demand for lodging may exceed supply. A rotating priority reservation system ensures all Members 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.
Will Members always stay in the same Club residence?
No. To provide greater flexibility and availability, Members have equal access to all Club Residences of their membership type (Studio, One Bedroom, Executive One Bedroom, and Two Bedroom). Members may request a specific residence and this request will be granted, when possible.
Can I reserve more than one Club residence during the same time period?
Yes. Because Members are not restricted to a particular Residence, they can reserve more than one Residence of their membership type at any given time. It is possible that a Member 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.
If all residences of a Member’s Residence category are reserved, can Members lodge in another type of residence?
Yes. Within 48 hours of arrival, Members may reserve a Residence in a different category if The Club Manager determines there is sufficient availability in a different Residence category.
Do Members have guest privileges?
Yes. Guests staying in the same Club Residence with the Member are not charged. Members may also invite Unaccompanied Guests to use their confirmed Annual Visits, confirmed Reserved Visits and confirmed Short-Notice Visits, subject to The Club’s LRPP. This allows corporate owners to provide employees, associates or clients with Club lodging. It also allows Members to send friends and relatives.
Do owners/Members pay annual fees?
Yes. The annual Owner fees 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.
Will The Phillips Club2 be open to the public?
When fully subscribed, The Phillips Club2 will be operated for the exclusive use, enjoyment and benefit of Owners/Members, 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 Members.
Do Members pay any lodging charges when they stay at The Club?
No. Members do not pay for use of Club residences. However, Members do pay for housekeeping and additional requested services. (See following questions.)
Do Members pay housekeeping charges when they stay at The Club?
Yes. A housekeeping fee will be charged for each visit. Members receive Light Housekeeping Service daily, which includes fresh towels, surface cleaning of the kitchen and bathroom, trash removal and bed making. Members and guests may request Full Housekeeping Service at an extra charge. Please see the Financial Information sheet for Daily Housekeeping Service charges.
Who establishes the dues and controls the affairs of The Club?
When The Phillips Club2 Members 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 Member-elected Board of Directors establishes budgets and fees on an annual basis. Prior to that time, the Sponsor controls the affairs of The Club.
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 Club Residences were freshly renovated in 2015.
Can a Club membership be resold?
Yes. Like any other form of real estate in New York, the Member’s ownership interest can be sold or transferred by the Member, subject to The Club and Condominium Declarations and Bylaws.
Can Club Owners bring pets on their stay?
Yes. Owners are allowed to bring a pet dog weighing 15 pounds or less. Due to allergy concerns, pet cats are not allowed.
As a Phillips Club2 Member 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 (EliteAlliance.com). The Phillips Club2 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.
“Our membership in The Phillips Club is the wisest investment in worry-free comfort and convenience.”
Mike Cohen, Club Owner