Hotel Assets definition

Hotel Assets. All Purchased Assets that are directly or indirectly secured by hotels.

Hotel Assets means, collectively, the following Project Components: (i) the CityCenter Resort and Casino; (ii) the Mandarin Oriental Hotel/Residences; (iii) the Vdara Condo/Hotel Tower; and (iv) assets related to (i), (ii) and (iii).

Hotel Assets mean, collectively, the Selling Subsidiaries’ right, title and interest in, to and under (a) the Real Property, (b) the Furnishings, Consumables, Supplies, Retail Inventories and Miscellaneous Hotel Assets, (c) the assignable Permits primarily related to the ownership or operation of the Hotels, (d) the Assigned Contracts and (e) any assignable Intellectual Property, but excluding, in each case, the Excluded Property

Examples of Hotel Assets in a sentence

• After completion of the Cooperation, the Buyer will hold 91% equity interest of the Target Project Companies and 100% interest of the Target Hotel Assets, while the Seller will continue to hold 9% equity interest of the Target Project Companies.

• Before completion of the Cooperation, the Seller held 100% equity interest of the Target Project Companies and 100% interest of the Target Hotel Assets.

• The Buyer entered into the Framework Agreement with the Seller to agree on the principal terms of the Cooperation and will further negotiate with the Seller with a view to entering into a further definitive agreement by 31 July 2017 to agree on the further details of the Cooperation, subject to the Buyer’s due diligence on the Target Project Companies and the Target Hotel Assets which will be completed by 31 July 2017.

• The total consideration for the Cooperation is approximately RMB63,170,260,800 in aggregate, which comprises the consideration of approximately RMB29,575,000,000 for the 91% equity interest of the Target Project Companies and the consideration of approximately RMB33,595,260,800 for the 100% interest of the Target Hotel Assets.

• Each of the 77 city hotels comprised in the Hotel Assets shall continue to be subject to the management contract signed with the hotel management company until the expiry of the management contract.

More Definitions of Hotel Assets

Hotel Assets. Means collectively, all of the Assets of Hotel including, without limitation, (i) the capital stock of the Hotel Subsidiaries, (ii) the Assets relating to the Hotel Business, whether now owned by the Company or any of its subsidiaries or owned by Hotel or any of its Affiliates, (iii) the Hotel Books and Records, (iv) all of the Assets expressly to be retained by, or assigned or allocated to, Hotel or any of the Hotel Subsidiaries under this Agreement or the other Transaction Agreements and (v) any other Assets, absolute or contingent, of Hotel and the Hotel Subsidiaries not comprising Company Assets.

Hotel Assets has the meaning given to it in the Inland PSA.

Hotel Assets means the Property, the Hotel FF&E, the Hotel Contracts, the Hotel Intangibles and the Hotel Inventory.

Hotel Assets. (1) the hotels numbered 1 to 76 in the section headed “INFORMATION ON THE HOTEL ASSETS” in this announcement and (2) a 70% interest in Yantai Xxxxx which operates the city hotel numbered 77 in the section headed “INFORMATION ON THE HOTEL ASSETS” in this announcement “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange

Hotel Assets mean all of the items of tangible personal property owned by CM Partnership and used in the operation, management, repair and/or maintenance of the Hotel and/or other portions of the Property, including, without limitation, all furniture, furnishings, fixtures, appliances, equipment, machinery, inventory, supplies, permits, computers, computer software, tapes, disks, spare parts, uniforms, and other personal property located in or used in connection with the operation of the Hotel, Operating Supplies, Permits, Intellectual Property Rights, Reservation Rights, refunds and pre-paid expenses, food and beverage supplies, inventory, books and records, goodwill, Claims, and all of the assets set forth and described on EXHIBIT 1A attached hereto as "Balances Contributed to New Partnership," all of which are being contributed to Partnership hereunder (provided, however, that prior to the Closing, CM Partnership shall have the right to utilize materials described on EXHIBIT 1A for purposes of maintenance and repairs to the Hotel and/or other portions of the Property if, at Closing, CM Partnership provides to IHL and Partnership an accounting of such use).

Hotel Assets mean all of the items of tangible personal property owned by Reach Partnership and used in the operation, management, repair and/or maintenance of the Hotel and/or other portions of the Property, including, without limitation, all furniture, furnishings, fixtures, appliances, equipment, machinery, inventory, supplies, permits, computers, computer software, tapes, disks, spare parts, uniforms, and other personal property located in or used in connection with the operation of the Hotel, Operating Supplies, Permits, Intellectual Property Rights, Reservation Rights, refunds and pre-paid expenses, food and beverage supplies, inventory, books and records, goodwill, Claims, and all of the assets set forth and described on EXHIBIT 1B attached hereto.

Hotel Assets means the Debtor’s assets used in operating the hotel located on the Hotel Premises, including, without limitation, the Hotel Premises, the Hotel Personalty Collateral, and any and all other assets used in operating the Debtor’s business.