Retained Hotels definition

Retained Hotels means the hotel properties and facilities set forth in Schedule 8 hereto.
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Retained Hotels means the Hotel Sierra® Bellevue, WA hotel, the Hotel Sierra® Redmond, WA hotel, the Hotel Sierra® King of Prussia, PA hotel, and the Hotel Sierra® Merrifield, VA hotel.
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Examples of Retained Hotels in a sentence

  • Although the Retained Hotels may continue to be owned by the Remaining Group if the Retained Hotels are not to be acquired by HK Hotel REIT pursuant to the Option Deed, the Remaining Group will focus on property development and investment, treasury management, hotel operations, hotel development, hotel redevelopment and (outside Hong Kong and the PRC only) hotel owning business, while HK Hotel REIT will focus on the hotel owning business in Hong Kong and the PRC.

  • Accordingly, HK Hotel REIT will not own any of the Retained Hotels as at the Listing Date.

  • In addition, Call Options will be granted to the REIT Manager and the Trustee (both on behalf of HK Hotel REIT) in respect of each of the five Retained Hotels.

  • There is controversy as outlined in this website <http://www.phrases.org.uk/meanings/you%20are%20what%20you%20eat.html> (retrieved May 24, 2010) with regard to whether it has a dietary meaning (to be fit and healthy you need good food), or a religious meaning (Roman Catholics believe that the bread and wine of the Eucharist are changed into the body and blood of Jesus).

  • HK Hotel REIT will also have the option to acquire the Retained Hotels to be redeveloped, renovated or converted by the Group in Hong Kong and the PRC.

  • However, there are certain circumstances which may lead to ownership of hotel assets by the Remaining Group such as immediately after the completion of the development or re-development work of hotel properties located in Hong Kong or the PRC.The Directors intend to, after the completion of the Spin-off, dispose of the Retained Hotels and the Completed Hotels (as defined below) to HK Hotel REIT or any other parties within an appropriate timeframe at reasonable prices and terms.

  • Despite the UK Government increasing its commitment to CDC with some£3.8bn of funds towards managed assets, there are limited investment opportunities from CDC between the much needed £500k to £5m ticket size which is where AFFORD and other diaspora organisations see the most amount of investment need and opportunity for growth.

  • Bechaz K, Murfit M, Bange G, Rathjen T, Dreccer F, Muller W, Fletcher A, Zheng B, Wang E, Zhao Z, Fettell N (2019) Establishing a value proposition for future traits in a climate-changing world.

  • The new management agreements for the Retained Hotels will contain provisions allowing the owners of the Retained Hotels to terminate the management agreements after 5 years, without charge or penalty, upon the sale of the Retained Hotels; provided that the purchaser of such Retained Hotels shall have entered into Hyatt’s standard franchise agreement, on such terms and conditions to be reasonably agreed upon by Hyatt and the purchaser of such Retained Hotel.

  • Within 60 days of the Primary Closing, the Purchaser and the Retained Hotel Owners will execute new management agreements for the Retained Hotels, subject to approval by the lenders of the Retained Hotels.

Related to Retained Hotels

  • Retained Assets has the meaning set forth in Section 2.2.

  • Timberlands means all the timberlands from time to time owned by the Loan Parties.

  • Individual monitoring means the assessment of:

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Permitted Assignees shall have the meaning set forth in Section 3(e) hereto;

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Retained Group means the Seller, its subsidiaries and subsidiary undertakings from time to time, any holding company of the Seller and all other subsidiaries or subsidiary undertakings of any such holding company (except members of the Group);

  • Amenity Manager – shall mean the District Manager or that person or firm so designated by the District’s Board of Supervisors, including their employees.

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Service Partners means any successful vendor who is awarded the proposal or who entered into an agreement with CIPC and/or its clients to offer consulting services in areas such as but not limited to, strategic e-business consulting, evaluation, implementation and continuous improvement or system integration.

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

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • Fixed Assets means the Equipment and Real Estate of the Borrower.

  • Household members means those persons who reside in the same home, who have reciprocal duties to and do provide financial support for one another. This term shall include xxxxxx children and legal wards even if they do not live in the household. The term does not include persons sharing the same general house, when the living style is primarily that of a dormitory or commune;

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • Provisioning center means a licensee that is a commercial entity located in Michigan that purchases marihuana from a grower or processor and sells, supplies, or provides marihuana to registered qualifying patients, directly or through the patients' registered primary caregivers. Provisioning center includes any commercial property where marihuana is sold at retail to registered qualifying patients or registered primary caregivers. A noncommercial location used by a primary caregiver to assist a qualifying patient connected to the caregiver in accordance with the Michigan Medical Marihuana Act, MCL 333.26421 et seq., is not a provisioning center for purposes of this article.

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.