Examples of Guest Room in a sentence
Minimum Guest Room Revenue: Liquidated Damages $1,168,247.20 80% of Total Minimum Revenue = $934,597.80* *Abovementioned revenues include applicable taxes - currently, 4.712% for General Excise and 9.25% Transient which are subject to change.
Failure to reserve rooms in the Room Block prior to the Cut-Off date does not reduce Group’s total Guest Room Night Commitment or release the “Attrition” or “Cancellation” liabilities below.
Hotel will provide the following concessions if at least 80% of the Minimum Guest Room Revenue is received.
ATTRITION (continued): Guest Room Attrition Damages equal: Adjusted Minimum Guest Room Revenue less (-) Actual Guest Room Revenue These attrition allowances do not apply if Group cancels the Agreement or does not hold the event at Hotel.
Group may request that rooms be held after the Cut-Off Date by providing Hotel a written guarantee of payment for such rooms on or before the Cut-Off Date for the length of stay designated in the Guest Room Block clause.