Hotel Property definition

Hotel Property means a Property on which there is located an operating hotel.
Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.
Hotel Property means any Property that is used in whole or in part for hotel purposes, including, without limitation, any motels, motor inns, or hotels and the like (full service, select service, extended stay or otherwise), whether in fee or leasehold, together with any improvements and fixtures now or hereafter located thereon, all rights, privileges and easements appurtenant thereto, and all tangible and intangible personal property used in connection therewith.

Examples of Hotel Property in a sentence

To the extent necessary for the full utilization of each Hotel Property in accordance with its current use, telephone services, gas, steam, electric power, storm sewers, sanitary sewers and water facilities and all other utility services are available to each Hotel Property, are adequate to serve each such Hotel Property, exist at the boundaries of the Land and are not subject to any conditions, other than normal charges to the utility supplier, which would limit the use of such utilities.

All streets and easements necessary for the occupancy and operation of each Hotel Property are available to the boundaries of the Land.

A Hotel Property that ceases operations during renovation shall constitute a Development/Redevelopment Property and shall not constitute a Major Renovation Property.

For the purposes of this Agreement, any Hotel Property owned by a Subsidiary of the Borrower shall not be deemed to be Unencumbered unless both (i) such Hotel Property and (ii) all Stock owned directly or indirectly by Borrower in such Subsidiary is Unencumbered.

In exchange for these services, Hyatt is reimbursed for the costs of operating the Hotel Property and paid a management fee.


More Definitions of Hotel Property

Hotel Property means each Hotel owned or leased by the Company or any of its Subsidiaries (including the furniture, fixture and equipment thereon).
Hotel Property means a Portfolio Property that is (i) operated by or on behalf of one or more Subsidiaries of the Company as a hotel and (ii) designated as a “Hotel Property” in a written notice executed by a Responsible Officer of the REIT and delivered to the holders.
Hotel Property means a qualified hotel and any property that is included in the same development as the qualified hotel, including convention, exhibit, and meeting space, retail shops, restaurants, parking, and other ancillary facilities and amenities.
Hotel Property for any hotel means the Real Property and the Personal Property for such hotel, and the property referred to in Section 10.13.
Hotel Property means each Hotel owned or leased by Holdings or any of its Subsidiaries (including the furniture, fixture and equipment thereon), provided that the term "Hotel Property" shall not include any casino -------- or gaming hotel.
Hotel Property means a Property on which there is located an operating hotel, which shall include any operating business ancillary to such operating hotel (including, without limitation, laundry services, employee housing, retail, parking, golf courses, docking facilities and spa facilities).
Hotel Property means a full service hotel or resort, or other lodging related real estate properties or assets, located in Europe (******************* *****************************************), subject to a participating lease or management agreement, of a Permitted Brand and “Hotel Properties” means, collectively, such hotels, resorts and properties or assets.