Examples of Hotel Parcel in a sentence
PAALC is the title holder of record for the Club Parcel and Hotel Parcel, as described below.The Club Parcel is located at 4215 Fifth Avenue, Pittsburgh, Pennsylvania 15213, bearing tax parcel identification number 27-R-138 and contains approximately 33,136 square feet of land.
The Hotel Parcel is currently being leased to OFAHA through a 99-year ground lease (the “Ground Lease”) for $200,000 per year through the construction period and increasing to $290,000 per year upon the issuance of a temporary occupancy permit to OFAHA.
The Hotel Parcel is currently being developed by Oakland Fifth Avenue Hotel Associates, L.P. (“OFAHA”) into an approximately 160 room Marriott Autograph hotel.
On or after the Closing Date, the Club Lease will be assigned to Walnut PAA.The Hotel Parcel is located adjacent to the Club Parcel between Bigelow Boulevard and Lytton Avenue, Pittsburgh, Pennsylvania, bearing tax parcel identification number 27-R-110, and containing approximately 23,685 square feet of land.
Hotel Developer joins in the Master Parking Agreement with respect to the Hotel Parcel and assumes the obligations of Master Developer under the Master Parking Agreement with respect to the Hotel Parcel.