Preferred guest definition
Preferred guest means any person, 21 years of age or older, who receives complimentary transportation, food, lodging, or other consideration with a retail price over $1,000 in any 7-day period from a licensed establishment as an inducement to gamble.]
Preferred guest means any person, 21 years of age or older, who receives complimentary transportation, food, lodging, entertainment or other consideration with a retail price in excess of
Preferred guest program information at the Desert Inn, the Atlantis Resort and the Ocean Club. Starwood shall continue to award points to its "Preferred Guest" program participants for stays at the Desert Inn, and as soon as practicable after the Effective Date under the Asset and Land Purchase Agreement, will award such points for stays at the Atlantis Resort and the Ocean Club at no cost to Buyer. The parties will discuss arrangements relating to the award of airline miles for stays at the properties. As soon as practicable after the Effective Date under the Asset and Land Purchase Agreement, Starwood's "Preferred Guest" program participants shall be entitled to redeem points for nights at the Atlantis Resort. Buyer shall be paid for each such night as follows: (i) if the resort's occupancy rate on such night was 80% or greater, Buyer shall be paid an amount equal to its average cash paid room rate in effect for such night; and (ii) if the resort's occupancy rate on such night was less than 80%, Buyer shall be paid $150 (with increases thereto pro rata with increases in the resort's average room rates over time). There will be a similar program at Ocean Club and Desert Inn. Rates and occupancy hurdles for Ocean Club and Desert Inn to be agreed.