Examples of Emperor E Hotel Group in a sentence
General terms of the Master Leasing Agreements The relevant members of the Group and the relevant members of Emperor International Group (including Emperor E Hotel Group) may from time to time enter into Definitive Leasing Agreement(s) in relation to any Tenancy Transaction upon, and subject to, the terms and conditions in compliance with the Master Leasing Agreements.
The boards of directors of the Companies considered that the ongoing business arrangements between the Emperor E Hotel Group and SJM and the increase of the Annual Caps provide the Emperor E Hotel Group with the flexibility to receive the service fee income from SJM, in order to increase its revenue.
By entering into the following Master Leasing Agreements, the Group shall continue to lease properties from the Emperor International Group (including Emperor E Hotel Group) subject to the terms of the Master Leasing Agreements and the terms and rental specified in each Definitive Leasing Agreement which will be entered into from time to time.
As at the Latest Practicable Date, there are 21 existing tenancy/lease/licence agreements entered into between members of the Group and members of Emperor International Group and Emperor and Emperor E Hotel Group, which mainly cover seven properties in Hong Kong, three properties in Macau and one property in the PRC.
Given (i) the improvement of the Group’s financial performance in 2017; and (ii) the recent favourable market environment and sales sentiment in both Hong Kong and Macau, it will be one of the business strategies of the Group to expand its retail network and the relevant transaction amounts with Emperor International Group and Emperor E Hotel Group are expected to increase.
Emperor W&J Governing the Tenancy Transactions between Emperor E Hotel Group and Emperor W&J Group Term Subject to the conditions set out in the Master Leasing Agreements, the Master Leasing Agreements commenced on 24 May 2018 and shall expire on 31 March 2021 or such other date (subject to a maximum period of 3 years) as agreed by the Company and respective counter-party.
Accordingly, the relevant transaction amounts with Emperor International Group and Emperor E Hotel Group are expected to increase.
The Master Leasing Agreements set out a framework of the terms governing the Tenancy Transactions between the Group and Emperor International Group (including Emperor E Hotel Group) and also serve to streamline the reporting, announcement and, if necessary, Shareholders’ approval process whenever there is new tenancy or renewal of the Tenancy Transactions between the Group and Emperor International Group (including Emperor E Hotel Group).
Having considered the current property portfolio and the potential development of property-related projects of the Emperor International Group which can be available for leasing to the members of the Group in the future, we believe it is reasonable to assume that the Group will enter into certain new Tenancy Transactions with Emperor International Group (including Emperor E Hotel Group) under the 2024 MLAs in the coming years.
In addition, Emperor E Hotel and Emperor W&J entered into 2024 EWJ (Hotel) MLA which set out a framework of the terms governing the Tenancy Transactions between Emperor E Hotel Group and Emperor W&J Group.