Common use of Relocating the Hotel Clause in Contracts

Relocating the Hotel. Franchisee must immediately notify Hyatt of any proposed taking of any portion of the Hotel by eminent domain, condemnation or expropriation. If Hyatt agrees that all or a substantial portion of the Hotel is to be taken, condemned or expropriated, then, upon Franchisee's request, Hyatt may (but has no obligation to) allow Franchisee to relocate the Hotel to a new location within the same market area that Franchisee selects (subject to Hyatt's approval) within four (4) months after the taking, condemnation or expropriation_ If Franchisee develops a new Hyatt Place Hotel at a new location within the same market area that Hyatt approves (a "Relocated Hotel"), and if Franchisee opens that Relocated Hotel according to Hyatt's specifications and this Agreement's other terms and conditions (including the applicable provisions of Article H) within twenty-four (24) months after closing the Hotel, then the Relocated Hotel shall thereafter be deemed to be the Hotel franchised under this Agreement.

Appears in 1 contract

Samples: Franchise Agreement (Moody National REIT I, Inc.)

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Relocating the Hotel. Franchisee must immediately notify Hyatt of any proposed taking of any portion of the Hotel by eminent domain, condemnation or expropriation. If Hyatt agrees that all or a substantial portion of the Hotel is to be taken, condemned or expropriated, then, upon Franchisee's ’s request, Hyatt may (but has no obligation to) allow Franchisee to relocate the Hotel to a new location within the same market area Area of Protection that Franchisee selects (subject to Hyatt's ’s approval) within four (4) months after the taking, condemnation or expropriation_ . If Franchisee develops a new Hyatt Place Hotel at a new location within the same market area Area of Protection that Hyatt approves (a "Relocated Hotel"), and if Franchisee opens that Relocated Hotel according to Hyatt's ’s specifications and this Agreement's ’s other terms and conditions (including the applicable provisions of Article HII) within twenty-four (24) months after closing the Hotel, then the Relocated Hotel shall thereafter be deemed to be the Hotel franchised under this Agreement.

Appears in 1 contract

Samples: Franchise Agreement (Moody National REIT I, Inc.)

Relocating the Hotel. Franchisee must immediately notify Hyatt of any proposed taking of any portion of the Hotel by eminent domain, condemnation or expropriation. If Hyatt agrees that all or a substantial portion of the Hotel is to be taken, condemned or expropriated, then, upon Franchisee's request, Hyatt may (but has no obligation to) allow Franchisee to relocate the Hotel to a new location within the same market area Area of Protection that Franchisee selects (subject to Hyatt's approval) within four (4) months after the taking, condemnation or expropriation_ . If Franchisee develops a new Hyatt Place Hotel at a new location within the same market area Area of Protection that Hyatt approves (a "Relocated Hotel"), and and, if Franchisee opens that Relocated Hotel according to Hyatt's specifications and this Agreement's other terms and conditions (including the applicable provisions of Article HII) within twenty-four (24) months after closing the Hotel, then the Relocated Hotel shall thereafter be deemed to be the Hotel franchised under this Agreement.

Appears in 1 contract

Samples: Franchise Agreement (Moody National REIT I, Inc.)

Relocating the Hotel. Franchisee must immediately notify Hyatt of any proposed taking of any portion of the Hotel by eminent domain, condemnation or expropriation. If Hyatt agrees that all or a substantial portion of the Hotel is to be taken, condemned or expropriated, then, upon Franchisee's ’s request, Hyatt may (but has no Hyatt Place 2012-2013 FA EAST\47813269.4 obligation to) allow Franchisee to relocate the Hotel to a new location within the same market area that Franchisee selects (subject to Hyatt's ’s approval) within four (4) months after the taking, condemnation or expropriation_ . If Franchisee develops a new Hyatt Place Hotel at a new location within the same market area that Hyatt approves (a "Relocated Hotel"), and if Franchisee opens that Relocated Hotel according to Hyatt's ’s specifications and this Agreement's ’s other terms and conditions (including the applicable provisions of Article HII) within twenty-four (24) months after closing the Hotel, then the Relocated Hotel shall thereafter be deemed to be the Hotel franchised under this Agreement.

Appears in 1 contract

Samples: Franchise Agreement (Moody National REIT I, Inc.)

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Relocating the Hotel. Franchisee must immediately promptly notify Hyatt of any proposed taking of any portion of the Hotel by eminent domain, condemnation domain or expropriationcondemnation. If Hyatt agrees that all or a substantial portion of the Hotel is to be taken, condemned taken or expropriatedcondemned, then, upon Franchisee's ’s request, Hyatt may (but has no obligation to) allow Franchisee to relocate the Hotel to a new location within the same market area Area of Protection that Franchisee selects (subject to Hyatt's ’s approval) within four twelve (412) months after the taking, condemnation taking or expropriation_ condemnation. If Franchisee develops a new Hyatt Place Franchise System Hotel at a new location within the same market area Area of Protection that Hyatt approves (a "Relocated Hotel"), and if Franchisee opens that Relocated Hotel according to Hyatt's ’s specifications and this Agreement's ’s other terms and conditions (including the applicable provisions of Article HII) within twenty-four (24) months after closing the Hotel, then the Relocated Hotel shall thereafter be deemed to be the Hotel franchised under this Agreement.

Appears in 1 contract

Samples: Franchise Agreement (Chesapeake Lodging Trust)

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