Initial Hotel Properties definition

Initial Hotel Properties means Regal Airport Hotel, Regal Hongkong Hotel,
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Initial Hotel Properties means 杭 州 開 元 名 都 大 酒 店 (New Century Grand Hotel
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Initial Hotel Properties has the meaning set forth in Section 3.01(b).
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Examples of Initial Hotel Properties in a sentence

  • Upon the completion of the Global Offering, Regal REIT will own the Initial Hotel Properties as described below.

  • The Initial Hotel Properties are strategically located across different districts in Hong Kong and currently have an aggregate of 3,348 rooms and over 30 food and beverage outlets.

  • All Capital Contributions shall be paid to the Partnership in immediately available funds in Euros (and/or U.S. Dollars with respect to the Initial Hotel Properties, as specifically set forth in Schedule A) by noon (Amsterdam time) on the date specified in the applicable Drawdown Notice (the “Drawdown Date”) which date shall be at least ten (10) Business Days from and including the date of delivery of the Drawdown Notice.

  • After such acquisition, Holding SPV will cease to be a subsidiary of the Company, and Regal REIT will own the Initial Hotel Properties through the wholly-owned subsidiaries of Holding SPV.

  • The adopted mechanism of having a high proportion of Base Rent, plus potential upside sharing through Variable Rent, provides assurance of a relatively stable rental income from the Initial Hotel Properties for Regal REIT on a yearly basis.

  • As per the rental income structure during the First Lease Period, the rent for each of the Initial Hotel Properties during the Subsequent Period is an Individual Rent which is payable monthly in arrear.

  • Schedule B-1, Part 2 sets forth, with respect to the Initial Hotel Properties included in Fund I, certain permitted deviations from the requirement that all Capital Commitments are denominated in Euros.

  • The Valuer also analysed similar sales transactions in Hong Kong to assess the market values of the Initial Hotel Properties, and Base Rent was then derived from the adoption of what the Valuer determined to be appropriate yields on such market values.

  • Therefore, it is possible that Base Rent from the Initial Hotel Properties for the Subsequent Period may be higher or lower than the Base Rent for the First Lease Period.

  • The Valuer also analysed similar sales transactions in Hong Kong to assess the market value of the Initial Hotel Properties, and Base Rent was then derived from the adoption of what the Valuer determined to be appropriate yields on such market values.


More Definitions of Initial Hotel Properties

Initial Hotel Properties has the meaning set forth in Schedule B-1, Part 2.
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Initial Hotel Properties means the Hotel Properties listed on Schedule III.
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Related to Initial Hotel Properties

  • Hotel Property means a Property on which there is located an operating hotel.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Environmental Infrastructure Facilities means Wastewater Treatment Facilities, Stormwater Management Facilities or Water Supply Facilities (as such terms are defined in the Regulations).

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Undeveloped Land means (i) all undeveloped land existing on or acquired after the Issue Date and (ii) any operating property of the Company or any Subsidiary that is subject to a casualty event that results in such property ceasing to be operational.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.