Condo-hotel definition

Condo-hotel means a hotel which satisfies the requirements of subsection (3);

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Condo-hotel means the group of units of a building or group of buildings converted to the horizontal property regime or to the regime under the Puerto Rico Condo hotels Act, and which meet the requirements of a hotel; in which not less than fifteen (15) rooms or apartments are devoted to lodging transient persons at all times by means of an integrated leasing program. The term “condo hotel” also includes a group of residential units, in fee simple, within a tourist destination or resort, which also meets all the requirements stated in this subsection.

Condo-hotel shall have the meaning ascribed to such term as set forth in the Recitals.

Examples of Condo-hotel in a sentence

Operator shall no relocate the books and records relating to the Condo-Hotel, or if in electronic form, change the manner and form of access and storage for those records specific to the Condo-Hotel at any time during the Term without the prior written notice to and the consent of DW Member.
Operator shall process reservations for the Condo-Hotel through Operator’s and its Affiliates’ worldwide communications network.
Owner and Operator shall coordinate with one another on all press releases relating to those matters material to the operation and management of the Condo-Hotel.
Operator under this Agreement, and the “Managers” under the Crystals Retail Management Agreement and the “Managers” under the Resort Hotel and Casino Management Agreement shall further ensure that designation of Other Personnel shall not cause any undue delay in the performance of such Other Personnel’s performance of their duties, increased cost or expense or other prejudice to the operation of the Condo-Hotel.
The Operating Account shall serve as the general account for the Condo-Hotel.
In the event the Condo-Hotel (or any component thereof) shall be damaged or destroyed by any Casualty, Owner shall have the right, in its sole option, in accordance with the Joint Venture Agreement and the Condominium Documents (specifically Section 14 of the Declaration), to elect whether or not to undertake a restoration of the Condo-Hotel or any damaged component thereof.
MGM MIRAGE shall provide centralized marketing services, both national and international, to the Condo-Hotel to promote, develop and sustain relationships with existing casino customers as is typically provided to the top brands within the other Operator Group Hotels.
Operator shall cooperate in all reasonable ways in the transition of the operation and management of the Condo-Hotel to Owner or Owner’s new operator to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Condo-Hotel as reasonably practicable.
Owner shall provide all funds necessary to (a) enable Operator to manage and operate the Condo-Hotel in accordance with the terms of this Agreement and the applicable Project Budget, (b) maintain the Condo-Hotel in accordance with the Operating Standards, and (c) comply with all Legal Requirements.
Operator is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any Project Agreement or instrument to which it is a Party or by which Operator or the Condo-Hotel is bound.

More Definitions of Condo-hotel

Condo-hotel means a facility meeting the definition of a hotel or motel, rented to the general public for overnight or other temporary lodging, with ownership structured as a condominium, cooperative or other ownership/financing arrangement, but shall not include timeshares in or interval or fractional ownership of a hotel. The condo-hotel has 24/7 front desk in-person management which includes a minimum of a staffed front desk during business hours and on-call management after business hours, maintains with access to all units, who responds to complaints, enforces trash, noise, and parking rules, and includes either:

Condo-hotel set forth in Section 2.2 of the City of Hollywood’s Zoning and Land Development Regulations (as same may be renumbered) and other applicable zoning regulations and the requirements of Chapter 509, Florida Statutes.

Condo-hotel means a facility meeting the definition of a hotel or motel, rented to the general public for overnight or other temporary lodging, with ownership structured as a condominium, cooperative or other ownership/financing arrangement, but shall not include timeshares in or interval or fractional ownership of a hotel. The condo-hotel has 24/7 front desk on-site in-person management with access to all units who responds to complaints, enforces trash, noise, and parking rules, and includes either:

Condo-hotel shall have the meaning given to it in Section 2.2 of the Zoning Regulations.