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

  • Development Agreement In the event that a REIT Transaction relates to the development and construction of a Hotel Property then the terms and conditions of.

  • Borrower shall not terminate, cancel, modify in any material respects, renew or extend the Approved Hotel Operating Agreement, or enter into any agreement relating to the right to operate the Hotel Property under a different brand name, or under a hotel system controlled by a franchisor and/or hotel manager other than the Approved Hotel Operator, without the prior express written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Lender will establish and maintain an Eligible Account (which may be a subaccount of the Cash Management Account) for the purpose of reserving amounts in respect of Capital Expenditures made in connection with the Hotel Property (the " FF&E Expenditure Reserve Account").

  • All costs and expenses incurred in connection with the operation of the Hotel Property shall be paid solely from the Manager Accounts,the Approved FF&E Account or the Disbursement Account (or, to the extent permitted or required herein, the Cash Management Account), and no other account.

  • With respect to the Hotel Property, in the event that the Approved Hotel Operating Agreement is scheduled to expire at any time during the term of the Loan, the submission and approval of any replacement hotel operating agreement shall be governed by the provisions set forth in the Approved Hotel SNDA relating to the same.


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 means a qualified hotel and any property that is included in the
Hotel Property means Real Estate upon which is located an operating hotel property.
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 for any hotel means the Real Property and the Personal Property for such hotel, and the property referred to in Section 10.13.