resort development definition
resort development means a commercial operation, with attached commercial bed units, that caters to tourists and serves local, regional, provincial or international markets;
resort development means the Phase I Hotel and the Phase II Hotel. “Restrictive Covenant Agreement” is as defined in Section 10.1.2.
resort development means a travel destination development with a minimum private investment of One Hundred Million Dollars ($100,000,000.00) and which consists of (i) a hotel with a minimum of two hundred (200) guest rooms or suites and having a minimum private investment of Two Hundred Thousand Dollars ($200,000.00) per guest room or suite, and (ii) guest amenities such as restaurants, golf courses, spas, fitness facilities, entertainment activities and other amenities as determined by the MDA. Not more than an amount equal to forty percent (40%) of the private investment required by this paragraph may be expended on facilities to house retail activity.
More Definitions of resort development
resort development means
(i) a comprehensively designed recreational development having a minimum area of 20 acres (8.1 hectares), together with buildings intended for recreational use having a minimum total floor area of 2,500 square feet (232.2 square metres), and
(ii) a residential subdivision containing a minimum of 20 lots or a residential development containing a minimum of 20 residential units;