Examples of Hotel Management Agreements in a sentence
The service fee payable to the Hotel Manager under the Hotel Management Agreements shall be linked to the operating profit and revenue of the Hotels on the following basis: • Base Fee: a fixed percentage of 1.5% of total revenue of the relevant Hotel.
The cap for the fees payable under the Hotel Management Agreements is determined by reference to the formulae for determining the fees payable pursuant to the Hotel Management Agreements as described above.
Thereafter, the Hotel Management Agreements may be renewed for successive 10-year terms by mutual agreement of the parties subject to compliance with the relevant Listing Rules requirements at the relevant time.
Regal REIT will not take any action that may invalidate, prejudice or impair any of the Remaining Regal Group’s intellectual property rights in the “Regal” brand, or use the “Regal” name or the “R” logo unless as otherwise permitted under the Hotel Management Agreements or the Deed of Trade Mark Licence.
The Hotel Manager is responsible for the management of and all sales, marketing and advertising activities in relation to the Hotels pursuant to the Hotel Management Agreements.