Cyclical Upgrade definition

Cyclical Upgrade means periodic renovation of guestrooms, corridors, and public areas including the replacement of soft goods (drapes, carpet, upholstered furniture, bedcoverings, and mattresses), and case goods (furniture made of wood, plastic, metal, or glass) to ensure that the Hotel continues to conform to the Operating and Maintenance Standards.
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Examples of Cyclical Upgrade in a sentence

  • Subject to Sections 4.3 and 12.8, the Owner will provide for expenditure by the Management Company such amounts for renovation programs, replacements of FF&E as part of a Cyclical Upgrade or refresh to the Hotel, and ordinary Hotel Capital Replacement items as provided for in the Capital Budget and required from time to time to maintain the Hotel in good order and repair and comply with governmental regulations and orders.

  • Section 9.8.A Commencement Date Section 2.1 Consumer Price Index See Below Cyclical Upgrade See Below EBITDA See Below Exclusively Owned and Controlled See Below Execution Date Preamble FF&E See Below Financial Ownership Costs See Below Fiscal Year See Below Force Majeure ............................................................................................................................