Room Revenues definition

Room Revenues means gross revenue from the rental of guest rooms, whether to individuals, groups or transients, but excluding the following:

Room Revenues. Gross revenue from the rental of guest rooms, whether to individuals, groups or transients, at the Facility, determined in a manner consistent with the Uniform System and excluding the following:

Room Revenues means Gross Revenue from the rental of guest rooms or suites, whether to individuals, groups or transients, but excluding Beverage Sale Revenues, Food Sale Revenues and the following:

Examples of Room Revenues in a sentence

• For the details as to which hotels are included in Same-Property Room Revenues, Total Revenues, Expenses and EBITDA appearing in the table above and elsewhere in this press release, refer to the Same-Property Statistical Data table footnotes later in this press release.

• Many factors affect your initial period Gross Room Revenues and operating costs, including seasonality, pre-opening advertising and marketing, location, your management ability, staff performance and local market factors such as competition for customers and employees.

• Perfection of the Mortgage on Room Revenues under Wyoming Law This Court agrees with the minority and finds that the Wyoming Supreme Court would rule that hotel room revenues are indeed rents, as that term is commonly understood, for the reasons so amply described by the minority courts.

• This is also evident in the United Nation’s World Tourism Organization (UNWTO) Panel of Experts' survey report released on the World Tourism Day celebration on 23 September 2021, which shows mixed outcomes for the period May-August 2021 (UNWTO, 2021a; United Nations, 2021; UNWTO, 2021b; Statista, 2021).

• Because Wells Fargo’s collateral consists of postpetition Room Revenues, the value of its Secured Claim has increased by operation of § 552(b) and § 506.

More Definitions of Room Revenues

Room Revenues shall have the meaning given such term ------------- in Section 12.1. ------------

Room Revenues means all revenues from the rental of guest rooms at the Casino, together with any sales or other taxes thereon.

Room Revenues means all revenues, receipts, and income of any kind derived directly or indirectly by Tenant from or in connection with the rental of guest rooms or suites, whether to individuals, groups or transients, at the Project, whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding the following:

Room Revenues means all revenues from the rental of guest rooms at the Project, together with any sales or other taxes thereon.

Room Revenues means Net Rooms Department Revenue (as defined in the Uniform System of Accounts for the Lodging Industry).

Room Revenues means Gross Revenues determined in a manner consistent with GAAP and the Uniform System of Accounts, from the rental of guest rooms whether to individuals, groups or transients, at the Hotel, including, but not limited to (a) the fair market value of goods or services which have been provided in exchange for rooms under bartering or trade arrangements, (b) the fair market value of rooms provided under frequent traveler programs, gift certificate programs or any other similar programs, (c) the fair market value of any other allowances or commissions deducted from room rates, including, but not limited to, discounts and travel agent commissions (items (a)-(c) being allocated to the respective revenues categories in accordance with the Uniform System of Accounts), and (d) other Gross Revenues received from cancellation of room reservations, retained deposits, and other income derived from reservation changes. Room Revenues shall not include: (a) all sales taxes or any other taxes imposed on the rental of such guest rooms, and (b) any fees collected for amenities including, but not limited to, telephone, laundry, movies or concessions and (c) the value of rooms provided to employees of Landlord, Tenant, the franchisor under the Franchise Agreement or guests on a complimentary basis ("Complimentary Rooms"); provided, however, to the extent the Complimentary Rooms exceed two (2%) percent of the aggregate room rentals for a Fiscal Year, the fair market value of such excess shall not be excluded from Room Revenues, and such amounts shall be added to Gross Revenues for the last Fiscal Quarter of the preceding Fiscal Year. All credits, rebates, refunds and credit card chargebacks, except to the extent that such Room Revenues were originally collected prior to the Commencement Date, shall be deducted from Room Revenues.

Room Revenues means all revenues, income and proceeds of any kind from the rental of Guest Rooms, conference rooms and meeting rooms at the Hotel (whether from cash, check, credit card, credit transactions or otherwise), including but not limited to the fair market value of any barter and other non-cash property and services received by Licensee as an alternative to cash payments, excluding any Federal, state and municipal excise, sales, resort, use, and other taxes collected from patrons or guests as a part of or based upon the sales price of any goods or services, including, without limitation, gross receipts, room, bed, admission, cabaret, or similar taxes, provided that Room Revenues shall include the imputed value of complimentary hotel rooms (including rooms provided without charge to a patron or guest as an award under a loyalty program or scheme, but less the Excluded Imputed Value). The imputed value shall be at a rate equal to seventy-five percent (75%) of the average daily rate on a calendar month basis of customers paying by cash or cash equivalent (including, without limitation, checks, travelers check and credit cards). For the avoidance of doubt, the parties agree that Room Revenues shall not include: (i) revenues from the Hotel’s Food and Beverage operations; (ii) revenues from the parking facility; (iii) revenues from any other ancillary Hotel facilities; and (iv) revenues from the operation of the Casino.