Hotel Project definition
Examples of Hotel Project in a sentence
In return for the Loan and the Incentive Credits to be provided by the Authority under this Agreement, the Company agrees as follows: The Company shall construct and obtain a certificate of occupancy for the Hotel Project by January 1, 2024.
The Hotel Project shall consist of a full service hotel with the meeting the minimum criteria listed below: Up to 64 guest rooms, including a mix of Suites, doubles, singles.
Once the Hotel Project is completed and generating income, the Commissioner of the Revenue will perform a quarterly review of meals taxes and lodging taxes collected from the Hotel Project for the preceding quarter on each January 1, April 1, July 1 and October 1.
The Company’s cost of construction of the Hotel Project, including engineering and design, shall be at least $16 million.