RevPAR Index definition

RevPAR Index means the RevPAR Index included in the ▇▇▇▇▇ Travel Research Report (“STR Report”).

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RevPAR Index means the RevPAR Index included in the STR Report produced for the Hotel by ▇▇▇▇▇ Travel Research or, if ▇▇▇▇▇ Travel Research no longer is in existence, the successor of ▇▇▇▇▇ Travel Research or such other industry resource that is equally as reputable as ▇▇▇▇▇ Travel Research will be substituted, in order to obtain substantially the same result as would be obtained if ▇▇▇▇▇ Travel Research has not ceased to be in existence.

RevPAR Index is calculated as the weighted average of the Company’s relative share of RevPAR compared to each hotel’s competitive set, as defined by STR, Inc. and related institutions, for the Company’s comparable hotels, as defined in the Company’s reports filed with or furnished to the SEC, as of the period end.

Examples of RevPAR Index in a sentence

Base Fee – 3% of Total Revenue Incentive Management Fee – 20% of Proceeds after Owner’s Priority 12% of Purchase Price Owner will have the right to terminate the management agreement if in any year (after the first “stub” year) the following occurs: (a) Gross Operating Profit is less than the Performance Termination Threshold AND (b) the RevPAR Index is less than 100%.
The remaining 50% of the 2011 Annual Bonus shall depend on the following performance metrics: 40% on EBITDA and 10% on the RevPAR Index, both as established by the Compensation Committee of the Board of Directors.
The remaining 50% of the 2011 Annual Bonus shall depend on following performance metrics: 40% on EBITDA and 10% on the RevPAR Index, both as established by the Compensation Committee of the Board of Directors.
Smit▇ ▇▇▇vel Research or its successors or assigns or, if no such entity exists, a nationally recognized person or organization mutually acceptable to Owner and Manager with sufficient expertise and access to data to calculate the RevPAR Index.
In the event Lessor and Lessee cannot agree to the Leased Property's Competitive Set or the RevPAR Index Baseline changes by December 15 of any Lease Year, such unagreed items shall be determined by Smit▇ ▇▇▇vel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 40.2).

More Definitions of RevPAR Index

RevPAR Index means the ratio, expressed as a percentage, of (a) the RevPAR of the Hotel to (b) the average RevPAR of the Competitive Set.

RevPAR Index means the "Star Report" for the relevant period prepared by Smit▇ ▇▇▇vel Research for the competitive market area used by the Lessee for its own marketing purposes in which the Portfolio Hotels that is the subject of an adjustment in EBITDA is located.

RevPAR Index means the REVPAR Index included in the STR Report for the Reference Group.

RevPAR Index means the fraction that is equal to (a) the RevPAR for the hotel divided by (b) the average RevPAR for the hotels in the Competitive Set. Appropriate adjustment to the Initial RevPAR Index or the Final RevPAR Index shall be made by the Administrator in the event of a major renovation or force majeure event affecting an Eligible Hotel or a competitor hotel in the Competitive Set.

RevPAR Index means the measurement of a hotel’s or group of hotels’ fair market share of a competitive set’s RevPAR (for more information with respect to RevPAR index, see “Certain Financial Information”);

RevPAR Index means the RevPAR Index included in the Smith Travel Research Report (“STR Report”).

RevPAR Index means the ratio, expressed as a percentage, of the Hotel's Revpar for any Fiscal Year to the weighted average (by room count) of the Revpar achieved at each of the hotels in the Competitive Set for such Fiscal Year.