Hotel Operations definition

Hotel Operations means the hotel operations carried out by the Group as of the Issue Date, including (i) the Group Companies which manage the hotels, (ii) the Group Companies which own the hereditary building rights (building title) entitling to use respective property and (iii) such hereditary building rights.
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Hotel Operations means the business of operating the Hotel, including letting of any premises in the Hotel and any other areas in the Hotel which may be conveniently sublet and any other operations which are complementary to the operation of the Hotel; it being recorded that the Hotel is owned by the Company operating a timeshare hotel and that consequently the business of operating the Hotel includes activities particular to such a scheme, including without limitation the collection of levies from share block owners, participation in or management of various accommodation exchange schemes, the conduct of a rental pool, management of a reserve for expenditure on fixed assets, regular communication to share block owners and compliance with relevant legislation and regulations;
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Hotel Operations means Operator's operation and management of the Hotel, including, without limitation, Operator's operation and management of the Rental Program. 1.47 "HOTEL PROJECT" shall mean the hotel condominium and related improvements to be constructed upon the Land, including, without limitation, the multi-story hotel/condominium building, multi-level parking garage, pools, pool deck, Cabanas, spa, poolside bar, tennis courts, planters, roadways, entrance, and all other facilities and improvements to be constructed upon the Land. 1.48 "INCENTIVE FEE" shall have the meaning set forth in SECTION 6.1(c). 1.49 "INDEPENDENT AUDITOR" shall mean independent certified public accountants selected by Operator from time to time and approved by Owner, such approval not to be unreasonably withheld or delayed. Initially, the Independent Auditor shall be Ernst & Young. 1.50 "INDEX" shall mean the Consumer Price Index for all Urban Consumers (CPI-U) for the U.S. City Average for all Items 1982-84 = 100, as promulgated by the U.S. Bureau of Labor Statistics of the United States Department of Labor.
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Examples of Hotel Operations in a sentence

  • The Hotel Operations segment relates to the management of hotel business operations.

  • GoelExecutive Director - FinanceAbhijit Mukerji Executive Director - Hotel Operations Mehernosh S.

  • A disposal or discontinuation of the Hotel Operations, in whole or in part, shall not be deemed to be a substantial change to the general nature of the business as carried out by the Group on the Issue Date.

  • Revenue Management, Hotel Operations, Purchase, Finance, Human Resources, Safety, etc.

  • Toll Structure and Collection – includes an overview of the current tolling structure of the Newport/Pell Bridge, an overview of the recently-implemented E-ZPass system, a comparison of how the Authority’s tolling structure compares to other agencies, and an overview of the toll plaza structure.

  • AX Hotel Operations p.l.c. continues to actively seek new hotel properties to operate and will be seeking opportunities to take on engagements to manage third party owned properties, subject to the right conditions being agreed to and the property matching the AX Hotels brand standards.

  • Terms of intra-group lease agreement The Sliema Hotels are leased by Central Leisure Developments Limited (in its capacity as lessor) to AX Hotel Operations p.l.c. (in its capacity as lessee).

  • Heritage Developments Limited and AX Hotel Operations p.l.c. entered into a lease agreement pursuant to which Heritage Developments Limited (in its capacity as lessor) will lease out the Verdala Hotel Annex to AX Hotel Operations p.l.c. (in its capacity as lessee).

  • The results are ordered by the se-quence: FD2VLD, FD2IDCT, FD2MC, FD2RC, VLD2IDCT, VLD2MC, RC2MC, MC2RC, IDCT2RC, RC2FD.

  • Terms of intra-group lease agreement Royal Hotels Limited and AX Hotel Operations p.l.c. entered into a lease agreement pursuant to which Royal Hotels Limited (in its capacity as lessor) will lease out the Verdala Hotel to AX Hotel Operationsp.l.c. (in its capacity as lessee).

Related to Hotel Operations

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Casino means a casino as defined in section 1 of the KwaZulu-Natal Gaming and Betting Act, 2010 (Act No. 8 of 2010);

  • System Operations means the Power Producer's operation; maintenance and repair of the System performed in accordance the requirement herein.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • Mining Operations means every kind of work done by the Operator:

  • Railway Operation means the construction and operation under this Agreement of the relevant Railway and associated access roads and Additional Infrastructure (if any) within the relevant Railway Corridor and of the associated Lateral Access Roads, in accordance with approved proposals;

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Property Management Agreement means any property management agreement in respect of the Property or any portion thereof entered into in accordance with the terms of this Agreement.

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • NCZ Examined Project means any Generator or UDR project that is not exempt pursuant to 23.4.5.7.8 and either (i) is in a Class Year on the date the Commission accepts the first ICAP Demand Curve to apply to a Mitigated Capacity Zone or (ii) meets the criteria specified in 23.4.5.7.3(II). An NCZ Examined Project may be at any phase of development or in operation or an Installed Capacity Supplier.For purposes of Section 23.4.5 of this Attachment H, “Net CONE” shall mean the localized levelized embedded costs of a peaking unit in a Mitigated Capacity Zone, net of the likely projected annual Energy and Ancillary Services revenues of such unit, as determined in connection with establishing the Demand Curve for a Mitigated Capacity Zone pursuant to Section 5.14.1.2 of the Services Tariff, or as escalated as specified in Section 23.4.5.7 of Attachment H.