$1,100 per night close to peak season is actually not too bad a price when considering the features of the property, and who you will be hanging out next to. Last summer in Portland, Maine I was looking for a weekend hotel room during July and the downtown Holiday Inn rate was at $1,050 per night. Yes, supply and demand, and this new Raffles will, or during a notable convention next summer, perhaps shoot up to $2,000 per night. That's not hard to predict. Maybe even more. And if NYC mayor Eric Adams migrant apocalypse prediction comes to fruition, the rich there will make their way up to Boston (or Portland, Maine, of which has seen numerous super yacht visits now).