I've owned two weeks at the Jockey Club for the last 10 years. The downturn in 2008 was during the same time that Cosmo was being built. People that owned units at the Jockey Club were finding out the every south facing room was going to have a wall 10 feet outside the window. I did my homework and visited the Jockey Club during one of my trips. I asked for a map of the rooms and they even gave me a key card to go check out one of the rooms. I paid $100 (plus $300 closing/title transfer for the first) and $1 plus closing fees on the second. This gives me 14 days each year. My rooms are on the Bellagio side. If I want to keep my assigned week, I can stay in my exact unit (facing the fountains). One is in April, the other is early November. I do have to pay maintenance fees yearly on each unit which comes out to $80 per night. I don't mind paying the fees, as they seem to spend the money on upgrades every year. They redo bedding, flooring, etc every couple of years. Just finished replacing all the flooring last year and are currently upgrading 4 elevators.
The jockey club is tucked in between Cosmo and Bellagio. There's no casino and not much else to do on the property. They have a pool, but it's covered by a large net to keep things that people throw off the Cosmo balconies from landing on you. They have a small workout area and bbq grills you can use by the pool. The have an onsite convenience store that's a little overpriced, but convenient. (there's also a Walgreens across the street by Planet Hollywood. They have free popcorn and movie check outs if you want to take a break. Oh and free donuts and coffee on Friday mornings. The rooms are a one bedroom studios or two bedroom units with full kitchens and living rooms. They do limit 4 people to a studio (including kids). And they have washer and dryer units on every other floor. I've checked out a movie and done laundry while I wait for my clothes to finish.
The location can't be beat. They have their own elevators off the pool that accesses the Cosmo casino floor. From my room, I can get to Cosmo in 2 minutes. Planet Hollywood in 3-4 minutes. Bellagio in about 5 minutes. As jvdesigns mentioned, I can buy a case of water and keep it cold in the fridge. If I buy a meal at a restaurant, I will usually upgrade to a larger size and keep the extras in fridge for later or the next day.
We just spent last weekend at Mandalay Bay (it was paid by for by a Vendor we do business with). The experience was frustrating. Even though we were able to upgrade to a suite (check in system was down and we had to wait an hour to check in). The room was nice, but no larger than what I was used to at the Jockey Club. We couldn't touch the fridge without incurring a charge. Food options were good, but expensive. I bought a bottle of water on my way to the room Sunday night and it cost me $6!!! Due to our late return flight, I looked at paying for an extra night. They wanted $250!! No thanks.
Buck -
Jockey Club has a website that you can use to book, even if you aren't an owner. I just checked a 3 night stay in April. Average room price is $105-$135. This is the one negative I have as an owner. They hold rooms for outside bookings. There have been times that I've tried to extend my stay and they say that they have no rooms available. Even though I can go their website and book a room that way. Ultimately, they end up not booking all the rooms and I've been able to extend my stay. Just seems like an odd process.