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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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;

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.

Examples of Hotel Operations in a sentence

• For a period of 45 days after Choice's written notice of the exercise of the Call Option, Choice shall have the right at Choice's sole cost and expense to enter onto any Property (either through its employees or designated agents and representatives) at reasonable times and in a reasonable manner after giving reasonable notice to Sunburst's Vice President, Extended Stay Hotel Operations for the purpose of making such inspections as Choice deems necessary or appropriate in connection with this Agreement.

• In the event there is a conflict between this document, the Placerville Hotel Incentive Program and the Hotel Operations Covenant Agreement, this document shall take precedent.

• The Executive shall devote the necessary time and attention to the duties and responsibilities of this position which will include, without limitation: • Managing all the Gaming and Hotel Operations in the Asian rRegion (including Singapore and Macao SAR); • Performing all duties on behalf of the Company and any of its other subsidiaries or Affiliates as designated or requested by the Executive Vice President — Las Vegas Sands Corp.

• It is expressly understood and agreed that this Agreement, inclusive of the Placerville Hotel Incentive Program and the Hotel Operations Covenant Agreement, contains the entire agreement and understanding concerning the subject matter thereof, and supersedes and replaces all prior negotiations and agreements between the Parties, whether written or oral.

• The City of Palm Springs adopted Chapter 5.26 of its Municipal Code in December, 2007 to provide a Hotel Operations Incentive Program ("Program") for the operation, maintenance and expansion of the inventory of quality and first class hotels within the City that enhance the tourist and travel experience for visitors to the City, maximize the use of the City's Convention Center, provide attractive and desirable visitor serving facilities and experiences, and assist the City in achieving its tourism goals.

• On or about the time of issuance of the certificate of occupancy for the Hotel Lot, Operator and Owner's project architect shall jointly inspect the Hotel Lot and other parts of the Project to be utilized in the Hotel Operations, including the Commercial Unit and shall create a punch list of items to be finished or corrected.

• The Executive shall perform for the Company and all its subsidiaries the responsibilities of the office of Senior Vice President of Hotel Operations and the duties consistent with such office, subject to the direction of the President of the Company.

• The Employee is engaged as Vice President Hotel Operations of the Employer.

• Students would have a clear overview of the key areas of Hotel Operations Management.

• The Company hereby agrees to employ the Executive as its Senior Vice President of Hotel Operations for the Term (as hereinafter defined) and the Executive agrees to accept such employment on the terms and conditions set forth herein.