Hotel. The Company is to construct a five star hotel with exclusive access to its own golf course on the land shown as lot 1 on the Land Tenure Plan. The hotel is to consist of 225 guest rooms with the associated lounges, bars and facilities commensurate with a five star hotel. The hotel is also to include the facilities for a private golf club.
Hotel. The Company is to construct a five star hotel with exclusive access to its own golf course on the land shown as lot 1 on the Land Tenure Plan. The hotel is to consist of 225 guest rooms with the associated lounges, bars and facilities commensurate with a five star hotel. The hotel is also to include the facilities for a private golf club. A Sports Centre consisting of tennis court, squash court, gymnasium, spa, sauna and swimming pools, is also to be provided in the hotel. SCHEDULE 4 LAND ACT 1933 SECTION 117 LEASE PORT XXXXXXX DEVELOPMENT AGREEMENT ACT 1991 Lease No. Xxxxxxxxx the Second, by the Grace of God, Queen of Australia and Her other Realms and Territories, Head of the Commonwealth. To all to whom these presents shall come, GREETING: Know ye that:
Hotel. As used in this Agreement, the term "
Hotel. The DEVELOPER shall create a single purpose entity to own the HOTEL (“HOTEL OWNER”). The HOTEL OWNER shall own the HOTEL through a condominium or similar ownership arrangement. The HOTEL OWNER shall lease a portion of the land from the CITY in accordance with the MOU dated December 23, 2015 between the CITY and DEVELOPER.
Hotel. Except to the extent prevented by causes beyond Tenant’s reasonable control which are described in Articles 10 and 11, Tenant shall significantly renovate the Conference Center and the guest rooms, guest room corridors and public facilities, including without limitation replacement of soft goods furniture, fixtures and equipment (e.g., textile, fabric and vinyl and similar products used in finishing and decorating the Hotel, its guestrooms, corridors and Public Facilities, such as vinyl wall and floor coverings, drapes, sheers, cornice coverings, carpeting, bedspreads, lamp shades, upholstery and all other unspecified items of the same class) (the “Renovation”), except as hereafter provided, at least every consecutive period of five (5) Lease Years during the Term and any extended term hereof, commencing on the fifth (5th) anniversary of the issuance of a Certificate of Occupancy for the Hotel and Convention Center, and shall replace case goods, furniture, fixtures and equipment (e.g., chests, armoires, chairs, beds, headboards, desks, tables, television sets, mirrors, pictures, wall decorations and all other unspecified items of the same class) at least every consecutive period of ten (10) Lease Years during the Term hereof (the “Replacement”); provided, however, that Tenant shall make such earlier, more frequent and/or more extensive Hotel renovations as may be required to maintain the Hotel in good standing under the Hotel Franchisor brand that the Hotel is then being operated, but in any event no less than if the Hotel were being operated under the Hilton (Garden Inn) brand (the “Hotel Franchisor Standard”). If the Hilton (Garden Inn) brand ceases to exist, the Hotel Franchisor Standard shall be no less than the successor brand to the Hilton (Garden Inn) brand or, if no such successor brand then exists, then to the next closest hotel brand as mutually agreed upon in writing by Landlord and Tenant or, if Landlord and Tenant are unable to reach such agreement in writing within thirty (30) days after written request by either Party to the other, then the next closest brand shall be selected by a mediator mutually agreed upon in writing by Landlord and Tenant. If Landlord and Tenant are unable to reach an agreement as to a mediator, then Tenant shall select one mediator, Landlord shall select another mediator, and the two mediators so chosen shall choose a third to compose a panel of mediators to determine the next closest hotel brand. Notwithstanding the ...
Hotel. The Hotel shall consist of not less than 100 rooms and not more than 130 rooms. The Hotel will be located on the City Land (although a portion of the Hotel may be on the Developer Land that is contiguous to the City Land). The Hotel shall be operated under an Approved Hotel Flag. The Developer estimates that the Project Costs relating to the Hotel will be not less than $[14,755,000.00].
Hotel. The Two Hundred and Sixteen (216) hotel suites shall be sold as two bedroom suite units only and not as individual bedroom units. The hotel shall be a minimum three and a half (3.5) star hotel. For purposes of this Agreement, a minimum three and a half (3.5) star hotel shall mean a hotel that is generally consistent with the standards maintained as of the date of this Agreement by the Crown Plaza in Hollywood, Florida. The two (2) bedroom hotel suites/hotel rooms shall not be converted to permanent residential dwelling units. This restriction shall be included in the hotel’s condominium documents filed with the State of Florida.
Hotel. The Hotel operator may sell and/or furnish alcoholic beverages including beer, wine, malt beverages, and distilled spirits (collectively, "Alcoholic Beverages") within the sundry market, without obtaining a conditional use permit pursuant to SMMC Section 9.04.10.18 so long as the operator agrees in writing to comply with the terms and conditions in Exhibit “G”. Notwithstanding the foregoing, the operator may apply for a conditional use permit pursuant to SMMC Section 9.04.10.18 in order to sell or furnish alcoholic beverages for consumption on terms other than those in Exhibit “G”. This Section 2.6.1 shall survive the expiration of the Term of this Agreement and shall remain binding on Developer, its successors and assigns, and shall continue in effect for the life of the Project.
Hotel. Subject to the terms and conditions of Section 22, if Developer has not transferred the Hotel Parcel to the Hotel Developer within twenty-four (24) months after the Closing Date, then, at any time until Developer conveys the Hotel Parcel to the Hotel Developer, City may elect to require conveyance of the Hotel Parcel to the Building Corp. or RDC, as applicable and may terminate or amend, as applicable, any ancillary document that concerns or relates solely to the Hotel (with the exception of this Agreement), without any liability or obligation to Developer. Subject to the foregoing, the Power of Termination and foregoing rights shall be deemed exercised upon delivery to Developer of written notice and payment of the Hotel Owner’s Payment delivered at any time after such twenty-four (24) month period but prior to transfer of the Hotel Parcel to the Hotel Developer. Upon delivery of such notice and payment to Developer, Developer shall surrender possession of the Hotel Parcel to Building Corp. and title to, and all estates of Developer in such land shall terminate, and the Hotel Parcel shall automatically, and without further action, vest in Building Corp. Any such vesting shall be free and clear of any and all encumbrances, liens, mortgages, easements, agreements, and other matters of record other than existing immediately prior to Closing and other than this Agreement. No delay or failure by City Bodies to enforce any of the covenants, conditions, reservations and rights contained in this Section 17(a)(ii), or to invoke any available remedy with respect to an Event of Default by Developer shall under any circumstances be deemed or held to be a waiver by City Bodies of the right to do so thereafter, or an estoppel of City Bodies to assert any right available to it upon the occurrence, recurrence of continuation of any violation or violations hereunder. To the extent the Hotel Parcel has been properly conveyed to the Hotel Developer, this Section 17(b) shall terminate; provided however, a power of termination may be included in a project agreement for the Hotel. Notwithstanding the provisions of this Section 17(a)(ii), if the City exercises its Power of Termination with respect to the Hotel Parcel and FIB’s headquarters are located in the Office Building, then, in order to protect Developer’s interest and investment in the Office Building, the procedure described in Section 15 concerning approval of an Additional Project shall continue to apply.
Hotel. The Hotel has been be constructed substantially in accordance with the Plans and the construction, use and operation of the Real Property as a hotel does not violate any building, health, environmental, fire or similar law, ordinance, regulation or restrictive covenant now in force or effect. The Hotel does not violate any federal, state, county, or municipal laws, ordinances, orders, regulations or requirements nor has Seller or any of its agents received any notice of any such violation. The Hotel and all of its building and operating systems were, at the time of installation, in a new condition and are in working order except for normal wear and tear in the normal course of business. The Property to be purchased is all of the property of every kind and nature necessary for the operation of the Hotel as a hotel in the ordinary course of business in accordance with the Seller’s Franchise Agreement, and at Closing, the Hotel will be fully equipped with FF&E and OS&E in accordance with the terms of this Contract.