Hotel units definition

Hotel units means more than four residential unit ownership equivalents in a project that are owned, in whole or in part, directly, or indirectly through one or more intermediate entities, by one person or by a group of related persons if the person or group of related persons uses the residential units or parts thereof in connection with a business establishment primarily to provide lodging, camping, or personal care or health facilities to the general public predominantly on an overnight or weekly basis. "Hotel unit" means any residential unit included in hotel units. For purposes of this subparagraph (III):
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Hotel units means more than four residential unit ownership equivalents in a project that are owned, in whole or in part, directly, or indirectly through one or more intermediate entities, by one person or by a group of related persons if the person or group of related persons uses the residential units or parts thereof in connection with a business establishment primarily to provide lodging, camping, or personal care or health facilities to the
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Hotel units means more than four residential unit ownership equivalents in a project that are owned, in whole or in part, directly, or indirectly through one or more
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Examples of Hotel units in a sentence

  • Hotel units, motel units, and rooming units shall be arranged to provide privacy and be separate from other adjoining spaces.

  • These figures do not include accommodation associated with Hotel units or boats in the Marina Village District.

  • All guestrooms/unit keys shall be electronic and created by the operator upon each new occupancy to control the use of the individually owned Fractional Ownership Hotel units.

  • Other service providers have been vague on the determination of the betas, and have proposed high values for them reflecting specific risks to which they believe they are exposed.

  • The current market has an apparent demand for a longer residency period for Apartment Hotel units.

  • All individually owned Fractional Ownership Hotel units shall be rented at a rate similar to that chargedby the hotel operator for the traditional hotel rooms of a similar class or amenity level in the California coastal zone.

  • Modify the last sentence such that it reads “Each of these respective unit totals may be adjusted up or down by 10% of the number shown in Table 1 without amendment to this Plan, as long as the total number of Resort Residential units within the Secondary Plan Area does not exceed 1,600 2,600 (not including Hotel units), in accordance with Section 8.6.1(c).

  • Development Agreement to establish maximum density of 550 residential units for NMUP (exclusive of Hotel units), with following provisions: • Phase 1 to include approximately 350 residential units and approximately 35,000 SF of associated Retail and below/above grades garage areas for Phases 1-3.

  • The selected tests for normality fall under the theory based category of normality tests (Park 2008).

  • A maximum of 2,600 resort residential units shall be permitted and a minimum of 400 resort Hotel units shall be required, the sum total of which shall not exceed 3,000 resort units.


More Definitions of Hotel units

Hotel units. MEANS MORE THAN FOUR RESIDENTIAL UNIT OWNERSHIP EQUIVALENTS IN A PROJECT THAT ARE OWNED, IN WHOLE OR IN PART, DIRECTLY, OR INDIRECTLY THROUGH ONE OR MORE INTERMEDIATE ENTITIES, BY ONE PERSON OR BY A GROUP OF RELATED PERSONS IF THE PERSON OR GROUP OF RELATED PERSONS USES
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Hotel units means each separately-keyed lodging unit in the Hotel as set forth on Exhibit C attached hereto, and “Hotel Unit” shall mean any of the foregoing; provided, however, that the term “Hotel Units” does not include 179 residential condominium units at the Condominium that are owned by third parties and are not part of the collateral for the Loan, including Residential Units 1826, 1910, 1912, 1915, 3214, 3801 and 3910 which are currently owned by the Joint Venture Group.
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Related to Hotel units

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Hotel Site means the real property on which the Hotel is located or to be located, as approved by us.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Condominium unit A Single Family Property within a Condominium Project.

  • Operating Partnership Agreement means the Limited Partnership Agreement of the Operating Partnership, as amended from time to time.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Company Units has the meaning set forth in the Recitals.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • guest house means an accommodation establishment providing overnight lodging with at least one daily meal;

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Partnership Agreements means the partnership agreements together with all agreements, certificates and other documents provided to and approved by Lender and which govern the existence, operation and ownership of the Partnerships.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • Private road or driveway means every way or place in private ownership and used for vehicular travel by the owner and those having express or implied permission from the owner, but not by other persons.

  • Class A LP Units means the Class A limited partnership units of the Partnership.