Hotel Acquisition definition

Hotel Acquisition has the meaning set forth in Section 6.11(d).
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Hotel Acquisition means an acquisition of a fee or leasehold interest in a Hotel Property.
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Examples of Hotel Acquisition in a sentence

  • In addition to the foregoing, the Company and its Subsidiaries may make additional Capital Expenditures to the extent that any Permitted Hotel Acquisition made as permitted by Section 10.02(ix) and/or 10.05(viii) constitutes Capital Expenditures.

  • Guarantors Parent, Property Owners, and other Guarantor Subsidiaries Other Guarantor Subsidiaries PledgeCo, Sun CHP, Sun SHP, WHP Hotel, Outparcel, Sun BB, Pico Ventures, Broadway, Hotel Acquisition, Atlantic, Broadway Lender, RIP, Holdco 6, and Holdco 8.

  • HOTEL PROPERTIES AGREEMENT AND FRANCHISE ARRANGEMENTS At the time of the Holiday Inn Hotel Acquisition, BHC and Holiday Corporation, an affiliate of Bass, entered into an agreement concerning the development, ownership and management by BHC of new hotels franchised under the Bass hotel brands.

  • The Directors (apart from the independent non-executive Directors who have deferred their views until after considering the opinion of the independent financial adviser) consider that the terms of the Hotel Acquisition and the Road Bridge Acquisition pursuant to the Amended Hotel Acquisition Agreement and the Amended Road Bridge Acquisition Agreement are fair and reasonable and are on normal commercial terms and in the interests of the Company and the Shareholders as a whole.

  • In addition, with a deferral in the payment time of half of the Good Cheer Consideration and the Hu-Hang Consideration to within six months (or such other later date as the parties may agree in writing) after the Hotel Acquisition Completion and the Road Bridge Acquisition Completion respectively, the Group will have more flexibility in its funding arrangements.

  • If to Parent, to: Hotel Acquisition Company, LLC c/o Thayer Lodging Group, Inc.

  • Prior to the making of any Loan the proceeds of which are to be used to effect a Permitted Hotel Acquisition in which the total consideration exceeds $2,000,000, the Company shall have satisfied the relevant requirements of Section 10.02(ix) or 10.05(viii), as the case may be.

  • The parties enter into this Agreement as independent contractors, and this Agreement shall not be construed to constitute an employment agreement, partnership or joint venture hii045 Hotel Acquisition and Services Agreement agreement.

  • Any notice, request, instruction or other communication under this Agreement shall be in writing and delivered by hand or overnight courier service or by facsimile: If to the Purchaser Parties, to: Hotel Acquisition Company, LLC c/o Thayer Lodging Group, Inc.

  • Additionally, Vendor will comply with all performance measures set forth herein.