Branded Residence definition
Branded Residence means a Resort Residential unit which has been designed and finished with standards adopted by an organization which provides services for the branding of residences. Such Branded Residences are limited to Four Seasons residences, Ritz Carlton residences, St. Regis residences, or such other brands as the Town Manager approves. If the Brand selected for the Principal Resort Hotel issues a Brand Letter for its branded residences and the Brand is included on Schedule 1 of Exhibit F, the residences will be added to the list of qualified Branded Residences. While the specifications for Branded Residences may be different from Hotel Keys which comprise the Minimum Hotel Keys, they should be compatible in design with the Hotel Keys. Branded Residences may be sold and resold and or rented and re- rented through the Resort Rental Management Program or through a program adopted for their management. A Branded Residence may be uniquely customized and furnished by its owner.
Examples of Branded Residence in a sentence
The foregoing requirement limiting the building permits for Resort Residential units to one hundred fifty thousand (150,000) square feet of Floor Area until the completion of the Principal Resort Hotel construction requirements set forth below, shall not apply to Resort Residential units which will be constructed as Vacation Club, or Branded Residence units.