I just got some email about my 30th college reunion, next spring. There's an historic inn about a block from the campus. This seems like short notice (and the rooms will probably be gone in half an hour - even at these prices), but I suppose if I could afford $600/night hotels I'd take this in stride:
The Xxxxxx Inn will open reservations for
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But - yikes - Ivy Leagues really assume you Made It Big and won't blink at the idea of a $600/night room. I've stayed in some nicer places in the past (centrally located Honolulu beachfront, for instance, or one of the nicer Disney hotels, as a splurge) but even THAT wasn't $600/night!
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The $600 (and up) is private enterprise, off campus. A lot of people have made it big. (Some of them were born big.) Staying at the Inn does have status, but I hadn't seen the $$-numbers before.
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