Hotel Real Property definition

Hotel Real Property means Real Property that operates or is intended to be operated as a hotel, motel or other lodging for transient use of rooms or is a structure from which a hotel, motel or other lodging for transient use of rooms is operated or intended to be operated.

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Hotel Real Property means (x) each Real Property constituting an all-inclusive hotel resort owned, operated, managed and/or developed by a Restricted Subsidiary of the Borrower and (y) any undeveloped Real Property acquired by a Restricted Subsidiary of the Borrower, for which such Restricted Subsidiary has entered into a definitive agreement to develop such Real Property and construct an all-inclusive hotel resort and the purchase price, construction costs and other expenditures in respect thereof are in excess of $10,000,000.

Hotel Real Property means any real property (and related assets) and the improvements thereto that is or is intended to be used in connection with the Business of the Consolidated Group.

Examples of Hotel Real Property in a sentence

Subject to Section 5.17, as to any Material Hotel Real Property located in Italy, the Administrative Agent shall have received (i) a notarial report including, inter alia, reports on title with respect to such Material Hotel Real Property showing no Liens thereon (other than Liens permitted by Section 6.02), and (ii) all relevant hotel licenses.
Any Mortgagee’s interest in the Hotel, Real Property and other assets of Lessee or Lessee that comprise the Hotel shall be senior to the rights and interests of Operator or any Affiliate thereof.
Bristol will obtain a survey (herein the "SURVEY") of each Hotel Real Property, dated subsequent to the date hereof, by a licensed surveyor or Registered Professional Engineer acceptable to Bristol and the Title Company.
Crow shall not have removed or caused or permitted to be removed any part or portion of the Leasehold Estate, the Hotel Real Property or the Tangible Personal Property without Patriot's prior written consent unless the same is replaced, prior to Closing, with a similar item of at least equal suitability, quality and value, free and clear of any lien or security interest or unless such item is no longer useful in the operation of the Hotel.
Notwithstanding anything to the contrary contained herein, the lease for any part of the Premises shall immediately terminate upon the sale or conveyance of the Hotel Real Property containing such Premises to a third party.
To Omaha's and Shareholders' best knowledge, the Hotel Real Property and the Hotels comply with the Americans With Disability Act of 1991 in all material respects.
Prior to Closing, Crow shall not have diminished in any material respect the quality or quantity of maintenance and upkeep services heretofore provided to the Leasehold Estate, the Hotel Real Property and the Tangible Personal Property.
Bristol will make reasonable efforts to notify Omaha by telephone prior to entering upon any Hotel Real Property; provided, however, that Bristol's failure to provide such prior notice shall not constitute a breach of or a default under this Agreement.
Any refunds of such Taxes shall be allocated between the applicable Buyer and Parent based on the portion of the year in which the Closing occurred that each of them owned (directly or indirectly) the applicable Hotel, Real Property or other Hotel Assets.
There are no agreements or leases with respect to all or any part of the Hotel Real Property which give any right to purchase the Hotel Real Property and/or Hotel Assets or any part thereof.

More Definitions of Hotel Real Property

Hotel Real Property means the Hotel Land and the Hotel ------------------- Improvements.

Hotel Real Property will have the meaning set forth in Section 2.10(a).

Hotel Real Property means the Real Property exclusive of the ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Tower.