Hotel Assets definition

Hotel Assets. All Purchased Assets that are directly or indirectly secured by hotels.
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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).
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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
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Examples of Hotel Assets in a sentence

  • Make, or permit any of its Subsidiaries to make, any material change in the nature of its business as carried at the Closing Date (after giving effect to the transactions contemplated by the Loan Documents); or engage in, or permit any of its Subsidiaries to engage in, any business other than ownership, development, licensing and management of Hotel Assets in the United States consistent with the requirements of the Loan Documents, and other business activities incidental thereto.

  • The Deposit shall be allocated among each of the Hotel Assets in accordance with the relative Allocated Purchase Prices of such Hotel Assets (each, an “Allocated Deposit”).

  • No further partnership, limited liability company, corporate or trust proceedings on the part of any Seller are necessary to authorize this Agreement or the Closing Documents, or to consummate the purchase and sale of the individual Hotel Asset(s) owned by such Seller in accordance with the terms hereof.

  • Seller and Buyer each represents and warrants to the other that it has not engaged any broker, finder or other party in connection with the transaction contemplated by this Contract, except for Hotel Assets Group (the “Broker”), which Broker shall be entitled to a commission from Seller upon the sale of the Property under a separate agreement with Seller.

  • Sellers shall pay (a) one-half of Escrowee’s escrow fees, (b) any breakage or spread maintenance costs under any debt encumbering its Hotel Assets, (c) any liquidated damages, termination fees, liabilities or obligations under any of the Management Agreements or Franchise Agreements, including those arising from or related to the termination thereof, (d) property improvement plan costs which are the responsibility of Sellers pursuant to Section 4.7; and (e) all costs of Seller’s broker, if any.


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.
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Hotel Assets has the meaning given to it in the Inland PSA.
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Hotel Assets means, collectively, the Property, the Hotel FF&E, the Existing Hotel Contracts, the Approved Hotel Contracts, the Existing Leases, the Approved Leases, the Hotel Intangibles and the Hotel Inventory but specifically excluding the Excluded Assets.
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Hotel Assets means with respect to each Hotel, the (i) Real Property, (ii) Fixtures and Tangible Personal Property, (iii) Operating Equipment, (iv) Consumables, (v) Motor Vehicles, (vi) Miscellaneous Property Assets, and (vii) all right, title and interest of Sellers in the Hotel Contracts, but excluding the Excluded Property.
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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.
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Hotel Assets means, with respect to (and without duplication):
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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
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