Room Block Agreement Clause Samples
A Room Block Agreement is a contractual provision that reserves a specified number of hotel rooms for a group or event at a predetermined rate and for a set period. This clause outlines the number of rooms held, the dates of stay, and any deadlines for confirming or releasing unused rooms, often including terms for attrition or penalties if the group fails to meet minimum occupancy. Its core practical function is to guarantee room availability and pricing for event organizers while providing the hotel with predictable occupancy and revenue.
Room Block Agreement. A room block agreement to support the Monona Terrace Community and Convention Center.
Room Block Agreement. Contemporaneously with the execution of this Agreement, Manager and the City shall enter into the Room Block Agreement in the form attached as Exhibit Q hereto.
Room Block Agreement. VSA acknowledges the City’s existing Room Block Agreement with the Grand Hyatt Hotel adjacent to the HBGCC. The City retains all rights and obligations under the Room Block Agreement including the rights to amend, re-negotiate or terminate such agreement; however, any changes shall be coordinated with VSA to ensure minimal impact to group and convention business and performance standards. VSA agrees to abide by the terms of the Room Block Agreement and, additionally, to enforce the provisions of the Room Block Agreement on behalf of the City, subject to VSA’s pre-determined booking arrangements under the Room Block Agreement.