Portfolio Hotel definition

Portfolio Hotel means a Franchisor Lodging Facility (other than the Hotel) that is directly or indirectly franchised or owned by, or the franchise or license agreement of which is guaranteed by, a Guarantor or any of its direct or indirect subsidiaries; provided, however, that a hotel shall not cease to be a Portfolio Hotel if (i) it is Transferred in violation of the applicable franchise agreement for such hotel, or (ii) in the event that the applicable franchise agreement for such hotel is terminated, until Franchisor determines that the applicable outgoing franchisee has satisfied: (a) all known, monetary amounts due to Franchisor that accrued on or prior to the date of such termination; and (b) all post-termination obligations as they relate to effecting a smooth transition of such hotel between owners and/or franchisees.
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Examples of Portfolio Hotel in a sentence

  • Foreign currency translation differences are recognized in other comprehensive income which is included in accumulated other comprehensive income.

  • Total Portfolio Hotel Adjusted EBITDA re reconciliations for the second quarters of 2022 and 2021 can be found later in this presentation.

  • Key Responsibilities and DutiesThe following duty statements are illustrative of the essential functions of the job and do not include other non-essential or marginal duties that may be required.

  • If you are converting a hotel, either one that you currently own or one you are acquiring from a third party, to a Tribute Portfolio Hotel franchise and that hotel is currently managed by us or one of our affiliates, then we may require payment of additional fees in connection with such conversion based on amounts that otherwise would have been payable to us or one of our affiliates under the management agreement that is being terminated, including any incentive management fees or termination fees.

  • If you are submitting an application for an existing Tribute Portfolio Hotel or to convert a hotel that is currently managed by us or one of our affiliates to a franchised Tribute Portfolio Hotel, the application fee is the greater of $150,000 or $500 per guestroom.

  • Percentage of 2017 Pro Forma Portfolio Hotel EBITDA, as defined in the Company’s fourth quarter and year-end 2017 earnings release dated February 27, 2018.

  • Schedule I - Flextime [R8735] Schedule II - Skill level descriptions 3.

  • Adjustments include the effects of the Company's sale of the Sheraton Cerritos, which occurred in May 2016.Third quarter and full year 2016 guidance are based in part on the following assumptions: ·Full year revenue disruption of $10.0 million to $12.0 million, related to the repositioning at the Wailea Beach Marriott Resort & Spa, which is expected to negatively impact full year Total Portfolio Hotel RevPAR by 75 to 100 basis points.

  • The following properties have been included in this year’s report scope: Portfolio Hotel * Announcements have been made in November 2019 with regard to CDLHT’s divestment of NCQ, with expected completion of the divestment to be around the end of first half of 2020.** HBT acts as the master lessee for the Japan hotels in H-REIT’s portfolio and is also the owner of Hilton Cambridge City Centre, and appoints professional hotel managers to manage these properties.*** New properties that have been scoped in.

  • Driving Improvements – Hotel Case Examples Hotel Monaco Portfolio Hotel Monaco Chicago Hotel Monaco Salt Lake City Hotel Monaco Denver • Hotel Monaco Denver, the Hotel Monaco Chicago, and the Hotel Monaco Salt Lake City were acquired as a portfolio in November 2013 for $189 million, or $312,400 per key.

Related to Portfolio Hotel

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Portfolio Asset means an asset of an investment fund;

  • Hotel Property means a Property on which there is located an operating hotel.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Portfolio Data means the Key Terms in relation to all outstanding Trades between you and us in a form and standard that is capable of being reconciled. The information comprising the Portfolio Data for Portfolio Data Delivery Date will be prepared as at the close of business New York time on the immediately preceding Business Day.

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

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Residential means that the Premises where the Service is installed are used wholly:

  • Securitization Property means the property described in section 10j.

  • Portfolio means any account, trust or other investment vehicle (except "Fund") over which the Firm has investment management discretion.

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

  • 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.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Mixed-use project means a project comprising both a qualified

  • Multifamily Property means a Property improved with, and from which at least 80% of the rental income is derived from, residential apartments, which may include a Property that is a part of a Mixed-Use Project.

  • Portfolios means the constituent series of the Fund, but for purposes of this Section 14.1 shall not include Portfolios excepted from the requirements of paragraph (a) of Rule 22c-2 by paragraph (b) of Rule 22c-2.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Recreational vehicle park means any tract of land used for parking five or more self-contained recreational vehicles and includes any roadway, building, structure, vehicle, or enclosure used or intended for use as part of the park facilities and any tract of land that is subdivided for lease or other contract of the individual lots for the express or implied purpose of placing self-contained recreational vehicles for recreation, vacation, or business purposes.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Rental Vehicle means any single automobile owned and operated by a car rental company or agency that is hired under a short term contract UNLESS it is:

  • Subject Vehicle means the vehicle being tested.