http://www.nytimes.com/2012/10/10/d...vin-in-bridgehampton-ny.html?ref=dining&_r=2& Good to hear that Señor Alejandro is investing his Rockets profits wisely.
If its in the south hamptons, depending on the cost of the real estate, a 5 million dollar investment doesn't seem too bad considering the added value to the real estate by renovating, and building on the property and the short term earnings from the cost of membership. Even if Les only gets around 100 members he will essentially come close to paying for the place just in its first year. Obviously there will added cost as time goes on, but this will most likely earn Les revenue over the span of a couple of years if it does well. This is a high end investment, but there actually is probably money to be made here.