New Hotel definition

New Hotel means a hotel which was not open for business immediately before the commencement of this Act;
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New Hotel means a Select Service Hotel that is or was fully entitled as a hotel after September 1, 2015, but beforeDecember 31, 2025 and which is under construction prior to December 31, 2026. The term “new hotel” does not include all, or any portion of, or addition to, an existing hotel.
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Examples of New Hotel in a sentence

  • The Hotel Manager will be engaged to act as the exclusive operator and manager of the relevant New Hotel to supervise, direct and control the management, operation and promotion of the business of the relevant New Hotel during the operating term of the relevant New Hotel Management Agreement.

  • Upon completion of the Transaction, Regal REIT (through the Property Company) will enter into the New Lease Agreement with the Lessee in respect of the entire New Hotel.

  • Owner holds the beneficial rights to the real property described in Exhibit A (the “Premises”), on which site Owner intends to (i) renovate the existing hotel more specifically described in Exhibit A (the “Existing Hotel”), and (ii) develop and build a Brand hotel as more specifically described in Exhibit A (the “New Hotel”) (The Existing Hotel and New Hotel are each referred to herein as the “Hotel” and collectively as the “Hotels” or the “Sites”).

  • The New Hotel Management Agreement is the best branding and management agreement available for the Hotel, is necessary to the consummation of the Plan and the operation of the Hotel.

  • The New Hotel is still in its soft-opening phase (which commenced on 23 May 2017) operating under the “iclub by Regal (富薈酒店)” brand.


More Definitions of New Hotel

New Hotel means any Hotel owned by the Borrower, its --------- Subsidiaries or Joint Ventures which is being or has been newly constructed, or substantially refurbished or rebuilt (so long as any such Hotel is or was substantially closed while being refurbished or rebuilt); provided that any New Hotel shall cease to be treated as a New Hotel from and after the earlier of (x) the first day of the Fiscal Quarter occurring after 18 months from the date such New Hotel opened or reopened for business and (y) the Fiscal Quarter in which the ratio of Total Adjusted EBITDA to Total Cash Interest Expense attributable to such New Hotel equals or exceeds the Interest Coverage Ratio required to be exceeded by the Borrower under Section 6.01(c) for the most recent Fiscal Quarter.
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New Hotel. New Hotel Indebtedness," "Reinvestment Deferred Amount," "Reinvestment Notice," Reinvestment Prepayment Amount," "Reinvestment Prepayment Date," "Responsible Officer," "Subsidiary," "Total Adjusted EBITDA" and "Total Cash Interest Expense" contained in Section 1 of the Increasing Rate Note Purchase and Loan Agreement are hereby amended to read in their entirety as follows:
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New Hotel means any Hotel owned by the Borrower, its Subsidiaries or --------- Joint Ventures which (i) is being or has been newly constructed, or substantially refurbished or rebuilt (so long as any such Hotel is or was substantially closed while being refurbished or rebuilt) or (ii) has been acquired by the Borrower or any of its Subsidiaries and will be converted to a Core Asset; provided that any New Hotel shall cease to be treated as a New Hotel from and after the earlier of (x) the first day of the Fiscal Quarter occurring after 18 months from the date (a) such New Hotel opened or re- opened for business (in the case of clause (i) above) or (b) the conversion process begins (in the case of clause (ii) above) and (y) the Fiscal Quarter in which the ratio of Total Adjusted EBITDA to Total Cash Interest Expense attributable to such New Hotel equals or exceeds the Interest Coverage Ratio required to be exceeded by the Borrower under Section 6.01(c) for the most recent Fiscal Quarter.
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New Hotel means a hotel for which investment on land, building and equipment is made only on or after the effective date.
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New Hotel means any Other Hotel and any other hotels with respect to which Lessee acquires a fee simple or leasehold interest after the Effective Date.
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New Hotel means a Quality Service or an Enhanced Quality Service that will meet the minimum quality standard of facilities and service equal to the general requirements of an American Automobile Association of three diamond rating or higher that is or was fully entitled as a hotel after May 1, 2017 but before December 31, 2022.
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New Hotel means any one of them.
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