Gross Room Revenue definition

Gross Room Revenue means, with respect to any Hotel for any period, all revenues from all Rooms in such Hotel during such period.
Sample 1Sample 2Sample 3
Gross Room Revenue means all revenue collected from guests as a result of the rental of a Rental Program Unit and shall include any Comp and Trade occupancy in the Rental Program Unit.
Sample 1
Gross Room Revenue means in respect of the HFS Agreements, gross room revenue as defined in such HFS Agreements;
Sample 1

Examples of Gross Room Revenue in a sentence

  • ADR is Gross Room Revenue divided by the total number of rooms sold.f. Enter the Occupancy Rate.

  • Average Daily Room Rate (ADR) is Gross Room Revenue divided by Total Number of Rooms Sold.

  • However, although substantial research is being conducted into the rela- tionship between digital innovation and skills, especially also in relation to ICT-acceptance (e.

  • Gym memberships6.2 Land sale in the Industrial Park10.3 Set Summer meetings MOTION: Donna Rosling-Wolters moved and Al Friesen seconded that the minutes of April 9th, 2018 be approved with the above noted additions.CARRIED.

  • HilcoRealEstate.com 68-ROOM COUNTRY INN – PREMIER LOCATION1900 22ND AVENUE SW, MINOT, NDRecently Appraised at: $4,647,0002018 Gross Room Revenue: $1,051,786BUILT IN 2011 • 90,000± SF • 2.07± ACRES• Easy access to top destinations & attractions, and Minot State University No Property Improvement Plan Necessary (PIP) Also Available: 89-Room Hotel – Glendive, MTHOTEL SALE: OFFERS DUE AUG.

  • But for the premature termination due to SBSB’s financial default, and based on the actual 2005 Gross Room Revenue reported by SBSB during its operation of the Facility as a Days Inn, DIW would have earned $1,093,839.90 in Recurring Fees during the remainder of the fifteen-year term of the License Agreement.

  • Gross Room Revenue is the total taxable room rent collected and all Allowable Deductions for the month.

  • Condition (3.2.c) is precisely (10.11.i), while (3.2.d) was taken care of in (10.2).Since A is spanned by the qx and the vg by (10.1), and since M is generated over Aby the te, we see that OM is spanned by the set{qx, te, vg : x ∈ E0, e ∈ E1, g ∈ G},so Λ is surjective.

  • Owners claimed that instead of being charged 50 percent of "Net Rental Revenues," they should have been charged "[Three percent] of Gross Room Revenue" based on a hotel management agreement (HMA) between 5th Rock and Tarsadia.The HMA defined Tarsadia's responsibilities to 5th Rock for Hotel operations, including purchasing uniforms and food, obtaining licenses, and entering into contracts with other service providers.

  • Therefore, a portion of the package price must be allocated to room revenue and included on the Room Tax Report in Box 1 as Gross Room Revenue.


More Definitions of Gross Room Revenue

Gross Room Revenue. For any period, all receipts, revenues, income and proceeds derived in any way from the use or rental of guestrooms at the Projects.
Sample 1
Gross Room Revenue. The gross receipts attributable to or payable for the rental of guest sleeping rooms at a particular Open Independent Facility, including without limitation the net proceeds of use and occupancy and business interruption, rent loss or similar insurance with respect to the Open Independent Facility; provided however that insurance proceeds shall be included in Gross Room Revenue only when and to the extent actually received and, for purposes of this Section 1.5, shall not exceed the amount of gross receipts reasonably estimated to have been lost as a result of the event that gave rise to payment of the insurance proceeds. Gross Room Revenue shall not include Federal, state and local taxes or fees collected by the franchisee of the Open Independent Facility for transmittal to the appropriate Taxing Authority (as defined in Section 2.11 below).
Sample 1
Gross Room Revenue means all cash paid or received to or for the benefit of Tenant directly or indirectly in connection with the rental, leasing, use or occupancy of any and all hotel guest and meeting rooms in the Premises, including without limitation all food and beverage charges and allocations to guests, before deduction of any expenses whatsoever; provided, however, that -------- ------- Gross Room Revenue shall not include (i) any gratuities or service charges added to customer's bills which are turned over by Tenant to employees, (ii) any credits or refunds made to customers, (iii) applicable sales, use, room, excise, occupancy, admission, cabaret or similar taxes or other similar governmental charges, which are collected from customers of the Premises and are separately stated and (iv) all revenues from Gaming Equipment.
Sample 1
Gross Room Revenue as used herein shall include all receipts derived from the renting, use or occupancy of guest rooms and meeting rooms in the motor hotel, excluding sales taxes or other taxes which may be required by law to be collected from guests.
Sample 1
Gross Room Revenue means the amounts of revenue received by operators of lodging establishments for the rental of hotel rooms or other lodging facilities and reported to Smith Travel Research.
Sample 1

Related to Gross Room Revenue

  • Gross Revenue means:

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Net Revenues means the difference between:

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.