Hotel Requirements definition
Examples of Hotel Requirements in a sentence
If the parties are unable to reach agreement as to: (x) the inclusion of a hotel which does not meet the Replacement Hotel Requirements, and/or (y) a modification to the RevPAR Test in connection therewith, either party may submit the matter to the Industry Expert for resolution.
If the parties are unable to reach agreement as to: (i) the inclusion of a hotel which does not meet the Replacement Hotel Requirements, and/or (ii) a modification to the RevPAR Test in connection therewith, either party may submit the matter to an expert for resolution in accordance with Section 12.01.
Incentive Payments shall terminate upon the expiration of the applicable Operating Period or at such time as the Hotel ceases to operate consistent with the AAA Four Diamond Hotel Requirements for reasons other than Temporary Closure; provided that the Incentive Payments shall terminate upon any closure unless the Developer notifies the City, in writing, of any Temporary Closure within ten (10) days of the initial occurrence of the onset of such condition or conditions that cause such a Temporary Closure.
Upon Completion of the Hotel and throughout the term of this Agreement, Owner shall, at its expense, maintain the Hotel in first-class order, condition, and repair and in accordance with the approved Plans for the Hotel, all Governmental Requirements and the Luxury Hotel Requirements attached hereto.
The Commercial Space Requirement, the Residential Requirement and the Hotel Requirements are sometimes collectively referred to as the “Project Inclusion Requirements.” The Project Plan provides for the design, construction, assembly, and installation of the improvements for the Project, including elements described within the Project Plan as Project Costs and Non-Project Costs, and the full implementation thereof, for each of the Project Inclusion Requirements.
Hotel Requirements: 4 King size or equivalent rooms (5 rooms if travelling with a tour manager) with early check in and late checkout where possible at a minimum 4* hotel (the “Hotel”).
Upon completion of the Hotel, the Owner further covenants and agrees on behalf of itself and its successors and assigns to devote, use, operate and maintain the Site in accordance with this Agreement, including without limitation, the Luxury Hotel Requirements.
Attachment No. 1 - Description of the Property Attachment No. 2 - Site Plan Attachment No. 3 - Luxury Hotel Requirements Attachment No. 4 - Memorandum of Agreement Attachment ▇▇.
Upon completion of the Hotel, the Developer shall provide to the City, at Developer’s sole cost and expense, an independent third party audit, by an auditor approved by the City confirming that the Hotel is operating or will operate consistent with the AAA Four Diamond Hotel Requirements, as defined herein (the “Third Party Audit”).
If the Hotel is operated under a License Agreement, the identity of the Licensor and terms of the License Agreement shall be reasonably approved in writing by City to insure consistency of the proposed franchise with the terms of this Agreement, including without limitation, the Entitlements, Section 301.3 and the Luxury Hotel Requirements.