Examples of Hotel Business in a sentence
The Operating Company undertakes to place the Owner’s Villa and the Owner’s Parking Bay in the Rental Business and to endeavor to use the Owner’s Villa as often as possible in the conduct of the Hotel Business during the term of this Agreement accordingly.
In addition to the 2% deposit of the Consideration that was paid to the Vendor upon its acceptance of the Company’s offer to purchase the Property and the Hotel Business, a further 8% of the Consideration amounting to RM15,760,000 has been paid upon the signing of the SPA.
The hotel may collect and use personal data for operational and statistical purposes only under the Hotel Business Act and the Act on the Protection of Personal Information.
Yearly Period during the Operating Term, HMC will prepare or cause to be prepared reasonably detailed interim financial statements for the Hotel Business (“Interim Financial Statements”), prepared in accordance with Generally Accepted Hotel Accounting Principles.
HMC will enter into an Operating Agreement with the Operator for operating and running the Hotel Business.