Hotel Costs definition

Hotel Costs means the sum of the amounts referenced below, as reflected in the Preliminary Prospectus under the use of proceeds: 1. costs directly related to the Hotel including, without limitation, the following: third party mortgage debts, notes payable to franchisor, transfer costs, accounting and audit, due diligence costs, such as title commitment and title insurance, environmental, engineering, renovation of the Properties, agreed upon by the Offeree and the Operating Partnership and, if applicable, the Franchisor and which may include property upgrades as required by the Franchisor including any Property Improvement Plans ("PIP") or otherwise, appraisals, conveyance or transfer taxes any and all sales taxes payable in connection marketing fees or any other costs specifically attributable to the Properties, cash payments to purchase the Other Partners interests, cash payments to retire partner loans payable to the Other Partners, and all other costs incurred in connection with the Closing of this transaction as are customary in the local of each hotel; PLUS (i) costs unallocated to a specific property attributable to the REIT Offering excluding underwriters fees, but including without limitation, working capital, registration cost, legal and accounting fees, printing expenses, marketing and travel expenses multiplied by the (ii) Hotel Share; PLUS 3. An allocable portion of the underwriters fees computed by multiplying (i) 7.5269% by (ii) the sum of the Hotel costs referred to in 1 and 2 aforesaid; and PLUS 4. The Purchase Price for the Other Partners who receive Units in exchange for the interests, and in the case of the Lake Norm▇▇ ▇▇▇el
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Hotel Costs. [AIRPORT TO REVIEW] means all costs and expenses of acquisition, planning, design, development, supervision, construction, furnishing, opening and equipping, and improvement of the Hotel, and obtaining governmental approvals, certificates, Permits and licenses with respect thereto, heretofore and hereafter paid or incurred by or on behalf of the Commission. Such Costs of the Hotel shall include, without limitation:
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Examples of Hotel Costs in a sentence

  • Costs: Air Travel Costs: Hotel Costs: Per Diem Costs: Mileage or Car Rental Costs: Registration Costs: Misc.

  • The RMBI cannot adjust its fixed costs while residents are in hospital; therefore the full Hotel Costs are payable for all periods of hospital admission.

  • As referred to in clause 2.1 above, in return for payment of the Hotel Costs provided for in this Agreement (as amended from time to time), the RMBI will provide such food as is normally required by a resident of a care home.

  • Monthly Direct Debit payments of Hotel Costs and Care Fees are calculated by dividing the weekly fees by 7 and multiplying by the number of days in the relevant month.

  • The Agent is entitled to require a reasonable advanced payment of monies he has to pay to third parties for such services as Reservations, Deposits for Transportation or Hotel Costs, or Product Purchases.