Hotel Transactions definition

Hotel Transactions means, collectively, (i) occupancy arrangements for customary hotel transactions in the ordinary course of Borrower’s business conducted at the hotel located at the Property, including nightly rentals (or licensing) of individual hotel rooms or suites, banquet room use, and food and beverage services, and (ii) informational or guest services that are terminable on one month’s notice or less without cause and without penalty or premium, including co-marketing, promotional services, and outsourced services.
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Hotel Transactions means (i) occupancy arrangements for customary hotel transactions in the ordinary course of Borrower’s or Master Tenant’s business conducted at the Property, including nightly rentals (or licensing) of individual hotel rooms or suites, banquet room use and food and beverage services, and (ii) informational or guest services that are terminable on one month’s notice or less without cause and without penalty or premium, including co-marketing, promotional services and outsourced services.
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Hotel Transactions means a hotel booking/reservation per traveller, made, regardless of whether or not, the traveller uses the hotel reservation;
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Examples of Hotel Transactions in a sentence

  • Other than Hotel Transactions, Borrower will not enter into any Lease (or any renewals, amendments or modifications of a Lease) without Lender’s prior consent.

  • Neither Borrower nor Master Tenant shall cancel or otherwise forgive or release any material claim or debt (other than termination of Leases in accordance herewith) owed to Borrower or Master Tenant by any Person, except for adequate consideration and in the ordinary course of Borrower’s or Master Tenant’s business, and except that (if applicable) cancellation, forgiveness or releases in respect of Hotel Transactions may be effected in Borrower’s reasonable business judgment.

  • No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Master Lease, the Leases and Hotel Transactions.

  • Publications Florida Senate Bill Tries to Counter MV Realty’s 40-year Liens by Regulating “Residential Loan Alternative Agreements” 06.13.2023 | ARTICLE Checking In on Hotel Transactions 01.05.2023 | ARTICLE How Fla.

  • No person or entity has any right or option to acquire any Mortgaged Property or any Building thereon or any portion thereof or interest therein, except for certain the ordinary course rights of parties under Hotel Transactions.

  • Paris, that will hold the Summer Olympic Games in 2024, can start planning ahead and improving its game.Industry overview – Europe (investments) 8 European hotel transaction volume reached €21.7 billion in 2017, an increase of 22 percent over 2016 and the second-largest figure ever recorded, according to the most recent European Hotel Transactions report from HVS.

  • Further, we noted that there were no recent transactions in the Precedent Hotel Transactions and the two transactions occurred in 2013 and 2014.

  • Announcement date TargetSource: Circulars in relation to the Precedent Hotel Transactions.

  • The premium as implied by the Final Offer Price of 42.9%, 46.6%, 52.4%, 45.8% and 25.1% over the VWAP of the Last Trading Day, the 1-month period, 3-month period, 6-month period and 12-month period prior to Offer Announcement Date is higher than the range of premia implied by the offer price for the Precedent Hotel Transactions.

  • The P/RNAV as implied by the Final Offer Price of 0.74 times is within the range of P/RNAV of the Precedent Hotel Transactions of 0.52 times to 0.95 times.

Related to Hotel Transactions

  • Financing Transactions means any one or more of the execution, delivery and performance by a Loan Party of the Loan Documents to which it is to be a party, and the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.