Examples of Luxury Hotel in a sentence
Lessee may use and store, or permit the use and storage of Hazardous Materials at the Premises to the extent that (i) such Hazardous Materials are commonly used and employed in the operation, maintenance, repair and servicing of a Luxury Hotel (“Permitted Materials”), and (ii) are used, stored, and disposed of in compliance with the requirements of all Applicable Laws.
In the event that any dispute arises between Lessee and Lessor as to whether the Hotel is being operated at any given time as a Luxury Hotel, such dispute shall, upon the request of either party, be resolved by arbitration pursuant to Section 18.
In addition to the FF&E Reserve Account and the Escrow Account, Lessee shall establish and maintain, or shall cause the Operator to establish and maintain in the name of and for the benefit of the Hotel, adequate reserve accounts for the payment of all Impositions, insurance premiums, deferred maintenance, and capital repairs, replacements and improvements as shall be required to ensure the continued operation of the Hotel as a Luxury Hotel for the full Term of this Lease.
To Sellers’ knowledge, as of the Effective Date, the Four Seasons Hotel satisfies the World Class Luxury Hotel standard (as defined in the Hotel Management Agreement and the Hotel License Agreement), and the Casino satisfies the design and maintenance standards of the Hotel Management Agreement.
All Alterations shall be constructed in a first class manner, substantially in accordance with and without material deviation from, the approved Design Documents (where applicable), and subject to the requirements of all Entitlements applicable to the Premises and all other requirements of Applicable Laws and this Lease, using workmanship and materials of a quality consistent with the first class nature of the Premises and the operation of the Hotel as a Luxury Hotel, all at no cost or liability to Lessor.
Lessee shall leave the Premises, including all Improvements thereon, in first-class and serviceable condition and repair consistent with the operation of a Luxury Hotel, except for reasonable wear and tear, and except as otherwise expressly provided in Section 17.
Core Portfolio – Overview (As of December 31, 2019; at CLNC share) See footnotes in the appendix Select Underlying Assets Northern California Luxury Hotel Los Angeles Mixed-Used Development Southwest Multifamily Property NNN Dublin Office Campus Investment type(3) Property type(3) Portfolio summary 113 Total number of investments $4.6 billion Total at-share assets(1) $1.8 billion GAAP net book value(1) $13.76 GAAP net book value per share 9.3% FY 2019 Core Earnings yield(2) II.
Austin Luxury Hotel Development Preferred Equity$ 10,137,969$ 10,397,917 Grand Total Valuation of Limited Partnership Interests Introduction D&P concluded on Fair Value NAVs for Constellation’s interest in each of the following Investments: • Secondary Private Equity Portfolio #1; and • Secondary Private Equity Portfolio #2.
Core Portfolio – Overview (As of March 31, 2020; at CLNC share) See footnotes in the appendix Select Underlying Assets Northern California Luxury Hotel Northeast Office Property Southwest Multifamily Property NNN Dublin Office Campus Investment type(3) Property type(3) Portfolio summary 110 Total number of investments $4.7 billion Total at-share assets(1) $1.8 billion GAAP net book value(1) $13.36 GAAP net book value per share 9.1% Annualized Q1’20 Core Earnings yield ex.
Owner acknowledges that the parking facilities available to the Hotel are an important element of the operation and management of the Hotel as a World Class Luxury Hotel.