Hotel Construction definition

Hotel Construction means the construction, renovation or repair ------------------ of improvements on any Hotel Property by ▇▇. ▇▇▇▇▇▇▇ or a ▇▇▇▇▇▇▇ Affiliate.
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Hotel Construction means the transaction for design and construction of the Hotel and its related facilities by the Contractor for the Owner on land owned by the Owner;
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Hotel Construction means the construction, renovation or repair of improvements on Hotel Property by the Hersha Affiliates.
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Examples of Hotel Construction in a sentence

  • If substantial completion of the Hotel has not been achieved prior to the expiration of the Permitted Hotel Construction Period, Landlord may elect to terminate this Lease as of the expiration of the Permitted Hotel Construction Period by giving Notice of such election to Tenant within thirty (30) days from the expiration of the Permitted Hotel Construction Period.

  • Construction of the Hotel shall be completed prior to the expiration of the Permitted Hotel Construction Period.

  • Seller shall cooperate with Purchaser’s enforcement of the Hotel Construction Warranty.

  • Contemporaneously with Owner’s review of the Work and the Casino Hotel, Construction Manager and Owner shall together identify any and all items of work that Owner and Construction Manager mutually agree require completion or contain a defect, the omission of which would not adversely affect the operation of the Casino Hotel but which must be completed to achieve Completion (the “Buy-Down Items”) and a respective value for each Buy-Down Item.

  • The County Manager's approval of the Hotel Construction Documents shall create no responsibility or liability on the part of Landlord or the County Manager for their completeness, design sufficiency, or compliance with applicable laws, ordinances, rules, and regulations of government authorities.

  • Upon completion of the Casino Hotel, Construction Manager shall submit a final Request for Payment which shall set forth all amounts due and remaining unpaid to Construction Manager, including the Retainage and the Bonus, if any, and such amounts shall be paid by Owner within ninety (90) Business Days of Owner’s receipt of the final Request for Payment.

  • The site plans submitted to the building official of the City for the Hotel Property and the surrounding areas where the Minimum Improvements are to be constructed shall be adequate to serve as the Hotel Construction Plans, if such site plans are approved by the building official.

  • Tenant shall submit the proposed final Hotel Construction Documents to the County Manager for approval, and, to the extent set forth in the preceding sentence, the County Manager shall have fifteen (15) business days to approve or disapprove, subject to the terms of Article 26 hereof, and specify all objections to the proposed final Hotel Construction Documents.

  • In the event there is a material change in the Hotel Construction Documents of an item previously approved by Landlord as part of its approval of the Hotel Schematic Documents, such change shall be subject to the provisions of this Section 2.06, and Tenant shall secure the approval of Landlord to such change in the same manner and to the same extent provided for in the approval of the Hotel Schematic Documents originally approved.

  • Following receipt of notice of a Favorable Election Result, Gatehouse will pursue firm commitments for construction or acquisition and permanent financing for the Project in an amount sufficient, together with an equity commitment of at least ten percent (10%), to successfully complete the Minimum Improvements in accordance with the Hotel Construction Plans contemplated in this Agreement.


More Definitions of Hotel Construction

Hotel Construction means those certain four (4) full service Hotel projects to be identified by the Borrower and reasonably approved by the Majority Lenders (the Borrower shall identify three (3) of such Hotels within ninety (90) days of the Closing Date and the fourth within 120 days of the Closing Date) (collectively, the "Initial Hotel Projects") and upon the completion or postponement of commencement and construction of one or more of the Initial Hotel Projects, up to an additional three (3) full service Hotel projects provided that (i) other than the Initial Hotel Projects, no more than three Hotel projects shall be under construction at any one time, and (ii) the combined total of actual and projected construction costs for such additional Hotel Projects and active Initial Hotel Projects shall not, at any time, exceed $150,000,000. Notwithstanding the foregoing, if such actual and projected costs for the Initial Hotel Projects exceeds $150,000,000, no additional Hotel Project may be commenced until a sufficient number of the Initial Hotel Projects have been completed so that the total amount of such actual and projected construction costs for the remaining Initial Hotel Projects under construction is less than $150,000,000.
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Hotel Construction. Tenant shall develop the "Hotel Schematic Documents" in accordance of the Master Plan. The documents and the aesthetic treatment of exterior surfaces shall be subject to Landlord's approval. If tenant determines that the Hotel will exceed Tenant's original estimate costs, Tenant will have the option to terminate the lease and pay liquidated damages to Landlord. Building Permit, Construction: Tenant shall apply for a building permit. If permit is not issued within 90 days, or issued subject to unanticipated terms and conditions, the effect of which would increase Tenant's expected costs, Tenant may terminate the lease. and pay liquidated damages to Landlord. Lease When all of the provisions and conditions concerning title, Commencement zoning, water and soil conditions have been fulfilled or waived Date: by Tenant, Landlord shall deliver the Leased Premises to Tenant. This date shall be the "Lease Commencement Date. Construction Tenant must begin construction within 120 days of the issuance of Tenant of the building permit. If an Unavoidable Delay for more than Improvements: 120 days after issuance of the building permit causes Tenant's original estimate to increase, Tenant shall have the right to terminate the Lease. Tenant shall pay liquidated damages to Landlord. Soil If the additional cost to Landlord to correct and meet Toxicity: applicable governmental requirements with respect to toxic substances present on the Adjacent Tract exceeds Five Million Dollars ($5,000,000), the Landlord may terminate its project on the Adjacent Tract and the Lease with Tenant, subject to certain provisions provided for in (S)2.12 of the Lease. Initial Beginning on the Opening Date, extending for a twenty-five Term: year term, with five automatic ten-year extensions; unless Tenant gives notice of termination twenty-four (24) months prior to the expiration of the then current Lease Term.
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Hotel Construction the transaction for design and construction of the Hotel and its related facilities by the Contractor for the Owner on land owned by the Owner “JPY” Japanese yen, the lawful currency of Japan
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Hotel Construction means, at any time, up to four full service Hotel projects (it being understood that one Hotel project may include multiple facilities) under construction, having an aggregate construction cost at any time of no more than $350,000,000, as certified to the Lenders by SLT in the compliance certificate required to be delivered pursuant to Section 9.01 hereof.
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Related to Hotel Construction

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Original construction means the first or initial construction

  • Vertical construction means the construction or remodeling of any building, structure or other improvement that is predominantly vertical, including, without limitation, a building, structure or improvement for the support, shelter and enclosure of persons, animals, chattels or movable property of any kind, and any improvement appurtenant thereto.

  • Horizontal construction means the construction of any fixed work, including any irrigation, drainage, water supply, flood control, harbor, railroad, highway, tunnel, airport or airway, sewer, sewage disposal plant or water treatment facility and any ancillary vertical components thereof, bridge, inland waterway, pipeline for the transmission of petroleum or any other liquid or gaseous substance, pier, and work incidental thereto. The term does not include vertical construction, the construction of any terminal or other building of an airport or airway, or the construction of any other building.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.