Hotel Improvements Clause Samples
The "Hotel Improvements" clause defines the rules and responsibilities regarding any upgrades, renovations, or additions made to a hotel property during the term of an agreement. It typically outlines who is authorized to initiate improvements, the approval process required, and how costs are allocated between the parties involved. For example, it may specify that the hotel owner must obtain the operator's consent before making significant changes, or that certain improvements are required to maintain brand standards. The core function of this clause is to ensure that any modifications to the property are managed in a way that protects the interests of all parties and maintains the quality and value of the hotel.
Hotel Improvements. “Hotel Improvements” means all of the buildings, other immovable structures and improvements and fixtures on the Hotel Parcel.
Hotel Improvements. All buildings, structures and other improvements that are located on the Land, including, without limitation, the Boston Marriott Peabody hotel, all elevators, escalators, furnaces, plumbing, heating, ventilating and air-conditioning systems and equipment, fixtures, pools, equipment trailers, electrical equipment, telecommunications and cable and internet infrastructure and satellites owned by the Seller, and fire prevention and extinguishing apparatus located therein (the “Hotel”).
Hotel Improvements. To Seller’s Knowledge, Licensor has not identified or requested any repairs, improvements or alterations other than those disclosed by the Existing PIPS.
Hotel Improvements. Licensor has not identified or requested in writing to Seller any repairs, improvements or alterations.
Hotel Improvements. Except as may be identified in Purchaser’s PIP, to Seller’s knowledge, Licensor has not identified or requested any repairs, improvements or alterations to the Hotel. Seller has no knowledge of any deficiencies which are not in compliance with current Licensor standards, including, but not limited to, any prior property improvement plans issued by Licensor which are outstanding or overdue.