Gross Room Revenue definition

Gross Room Revenue means, with respect to any Hotel for any period, all revenues from all Rooms in such Hotel during such period.
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Gross Room Revenue means in respect of the HFS Agreements, gross room revenue as defined in such HFS Agreements;
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Gross Room Revenue. For any period, all receipts, revenues, income and proceeds derived in any way from the use or rental of guestrooms at the Projects.
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Examples of Gross Room Revenue in a sentence

  • ADR is Gross Room Revenue divided by the total number of rooms sold.f. Enter the Occupancy Rate.

  • Average Daily Room Rate (ADR) is Gross Room Revenue divided by Total Number of Rooms Sold.

  • However, although substantial research is being conducted into the rela- tionship between digital innovation and skills, especially also in relation to ICT-acceptance (e.

  • Gym memberships6.2 Land sale in the Industrial Park10.3 Set Summer meetings MOTION: Donna Rosling-Wolters moved and Al Friesen seconded that the minutes of April 9th, 2018 be approved with the above noted additions.CARRIED.

  • HilcoRealEstate.com 68-ROOM COUNTRY INN – PREMIER LOCATION1900 22ND AVENUE SW, MINOT, NDRecently Appraised at: $4,647,0002018 Gross Room Revenue: $1,051,786BUILT IN 2011 • 90,000± SF • 2.07± ACRES• Easy access to top destinations & attractions, and Minot State University No Property Improvement Plan Necessary (PIP) Also Available: 89-Room Hotel – Glendive, MTHOTEL SALE: OFFERS DUE AUG.

  • But for the premature termination due to SBSB’s financial default, and based on the actual 2005 Gross Room Revenue reported by SBSB during its operation of the Facility as a Days Inn, DIW would have earned $1,093,839.90 in Recurring Fees during the remainder of the fifteen-year term of the License Agreement.

  • Gross Room Revenue is the total taxable room rent collected and all Allowable Deductions for the month.

  • Condition (3.2.c) is precisely (10.11.i), while (3.2.d) was taken care of in (10.2).Since A is spanned by the qx and the vg by (10.1), and since M is generated over Aby the te, we see that OM is spanned by the set{qx, te, vg : x ∈ E0, e ∈ E1, g ∈ G},so Λ is surjective.

  • Owners claimed that instead of being charged 50 percent of "Net Rental Revenues," they should have been charged "[Three percent] of Gross Room Revenue" based on a hotel management agreement (HMA) between 5th Rock and Tarsadia.The HMA defined Tarsadia's responsibilities to 5th Rock for Hotel operations, including purchasing uniforms and food, obtaining licenses, and entering into contracts with other service providers.

  • Therefore, a portion of the package price must be allocated to room revenue and included on the Room Tax Report in Box 1 as Gross Room Revenue.


More Definitions of Gross Room Revenue

Gross Room Revenue. The gross receipts attributable to or payable for the rental of guest sleeping rooms at a particular Open Independent Facility, including without limitation the net proceeds of use and occupancy and business interruption, rent loss or similar insurance with respect to the Open Independent Facility; provided however that insurance proceeds shall be included in Gross Room Revenue only when and to the extent actually received and, for purposes of this Section 1.5, shall not exceed the amount of gross receipts reasonably estimated to have been lost as a result of the event that gave rise to payment of the insurance proceeds. Gross Room Revenue shall not include Federal, state and local taxes or fees collected by the franchisee of the Open Independent Facility for transmittal to the appropriate Taxing Authority (as defined in Section 2.11 below).
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Gross Room Revenue means all cash paid or received to or for the benefit of Tenant directly or indirectly in connection with the rental, leasing, use or occupancy of any and all hotel guest and meeting rooms in the Premises, including without limitation all food and beverage charges and allocations to guests, before deduction of any expenses whatsoever; provided, however, that -------- ------- Gross Room Revenue shall not include (i) any gratuities or service charges added to customer's bills which are turned over by Tenant to employees, (ii) any credits or refunds made to customers, (iii) applicable sales, use, room, excise, occupancy, admission, cabaret or similar taxes or other similar governmental charges, which are collected from customers of the Premises and are separately stated and (iv) all revenues from Gaming Equipment.
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Gross Room Revenue as used herein shall include all receipts derived from the renting, use or occupancy of guest rooms and meeting rooms in the motor hotel, excluding sales taxes or other taxes which may be required by law to be collected from guests.
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Gross Room Revenue means the amounts of revenue received by operators of lodging establishments for the rental of hotel rooms or other lodging facilities and reported to Smith Travel Research.
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Related to Gross Room Revenue

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Gross Revenue means:

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • System Revenues means all rates, rents, fees, charges,

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Net Revenues means the difference between:

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • Gross Profits means the gross profits calculated under section 4;

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.