{"component": "definition", "props": {"groups": [{"samples": [{"hash": "h0OoUGIyeFm", "uri": "/contracts/h0OoUGIyeFm#revpar-index", "label": "Hotel Management Agreement (Condor Hospitality Trust, Inc.)", "score": 28.29637146, "published": true}, {"hash": "hbZR1ANgep4", "uri": "/contracts/hbZR1ANgep4#revpar-index", "label": "Hotel Management Agreement (Condor Hospitality Trust, Inc.)", "score": 28.2416152954, "published": true}, {"hash": "gsdI8WZ15pP", "uri": "/contracts/gsdI8WZ15pP#revpar-index", "label": "Hotel Management Agreement (Condor Hospitality Trust, Inc.)", "score": 28.2416152954, "published": true}], "snippet_links": [{"key": "the-\u2587", "type": "clause", "offset": [35, 40]}, {"key": "research-report", "type": "definition", "offset": [52, 67]}, {"key": "str-report", "type": "definition", "offset": [70, 80]}], "snippet": "means the RevPAR Index included in the \u2587\u2587\u2587\u2587\u2587 Travel Research Report (\u201cSTR Report\u201d).", "size": 22, "hash": 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Travel Research or, if \u2587\u2587\u2587\u2587\u2587 Travel Research no longer is in existence, the successor of \u2587\u2587\u2587\u2587\u2587 Travel Research or such other industry resource that is equally as reputable as \u2587\u2587\u2587\u2587\u2587 Travel Research will be substituted, in order to obtain substantially the same result as would be obtained if \u2587\u2587\u2587\u2587\u2587 Travel Research has not ceased to be in existence.", "size": 7, "hash": "faa7629b19144b0e8fd334fd707f1ef7", "id": 2}, {"samples": [{"hash": "jUfrNZlVupo", "uri": "/contracts/jUfrNZlVupo#revpar-index", "label": "Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)", "score": 37.3203285421, "published": true}, {"hash": "fTE0BDniWHp", "uri": "/contracts/fTE0BDniWHp#revpar-index", "label": "Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)", "score": 36.3237495422, "published": true}, {"hash": "4fgykJImuoF", "uri": "/contracts/4fgykJImuoF#revpar-index", "label": 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Company\u2019s reports filed with or furnished to the SEC, as of the period end.", "size": 6, "hash": "f295f8daa69c7a153a714c8cb609b812", "id": 3}, {"samples": [{"hash": "jqTTFQUgWg1", "uri": "/contracts/jqTTFQUgWg1#revpar-index", "label": "Hotel Management Agreement (Portsmouth Square Inc)", "score": 29.6625595093, "published": true}, {"hash": "hHTKxbrOeMl", "uri": "/contracts/hHTKxbrOeMl#revpar-index", "label": "Hotel Management Agreement (Santa Fe Financial Corp)", "score": 29.6625595093, "published": true}, {"hash": "e4qyZepPcYk", "uri": "/contracts/e4qyZepPcYk#revpar-index", "label": "Hotel Management Agreement (Intergroup Corp)", "score": 29.6625595093, "published": true}], "snippet_links": [{"key": "a-percentage", "type": "definition", "offset": [30, 42]}, {"key": "the-hotel", "type": "definition", "offset": [65, 74]}, {"key": "competitive-set", "type": "definition", "offset": [108, 123]}], "snippet": "means the ratio, expressed as a percentage, of (a) the RevPAR of the Hotel to (b) the average RevPAR of the Competitive Set.", "size": 5, "hash": "71df6f1b84d81a047d66b980b65d8198", "id": 4}, {"samples": [{"hash": "iyCAMnYnVrE", "uri": "/contracts/iyCAMnYnVrE#revpar-index", "label": "Stock Purchase Agreement (Westbrook Real Estate Partners LLC)", "score": 18.0, "published": true}, {"hash": "aEdSWVZdoLr", "uri": "/contracts/aEdSWVZdoLr#revpar-index", "label": "Stock Purchase Agreement (Sunstone Hotel Investors Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "star-report", "type": "definition", "offset": [11, 22]}, {"key": "relevant-period", "type": "clause", "offset": [32, 47]}, {"key": "prepared-by", "type": "definition", "offset": [48, 59]}, {"key": "competitive-market-area", "type": "definition", "offset": [90, 113]}, {"key": "by-the-lessee", "type": "clause", "offset": [119, 132]}, {"key": "marketing-purposes", "type": "clause", "offset": [145, 163]}, {"key": "the-portfolio", "type": "definition", "offset": [173, 186]}, {"key": "subject-of", "type": "clause", "offset": [206, 216]}], "snippet": "means the \"Star Report\" for the relevant period prepared by Smit\u2587 \u2587\u2587\u2587vel 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.", "size": 2, "hash": "8bf7733469ba566c16a21f589de19928", "id": 5}, {"samples": [{"hash": "lnOmV7IxQng", "uri": "/contracts/lnOmV7IxQng#revpar-index", "label": "Management Agreement (American Realty Capital Hospitality Trust, Inc.)", "score": 27.2368240356, "published": true}], "snippet_links": [{"key": "str-report", "type": "definition", "offset": [39, 49]}, {"key": "reference-group", "type": "definition", "offset": [58, 73]}], "snippet": "means the REVPAR Index included in the STR Report for the Reference Group.", "size": 1, "hash": "e09854b038964756a37d6ab1bbf718e6", "id": 6}, {"samples": [{"hash": "5ID0yRfhr2m", "uri": "/contracts/5ID0yRfhr2m#revpar-index", "label": "Performance Stock Unit Agreement (DiamondRock Hospitality Co)", "score": 36.1594810486, "published": true}], "snippet_links": [{"key": "equal-to", "type": "definition", "offset": [27, 35]}, {"key": "the-hotel", "type": "definition", "offset": [55, 64]}, {"key": "divided-by", "type": "clause", "offset": [65, 75]}, {"key": "competitive-set", "type": "definition", "offset": [121, 136]}, {"key": "adjustment-to", "type": "clause", "offset": [150, 163]}, {"key": "the-final", "type": "clause", "offset": [192, 201]}, {"key": "by-the-administrator", "type": "clause", "offset": [229, 249]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [250, 267]}, {"key": "major-renovation", "type": "clause", "offset": [268, 284]}, {"key": "force-majeure-event", "type": "definition", "offset": [288, 307]}, {"key": "eligible-hotel", "type": "definition", "offset": [321, 335]}], "snippet": "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.", "size": 1, "hash": "851bf224c8de29d47da56c4c1731b2ad", "id": 7}, {"samples": [{"hash": "745ElCW3UVM", "uri": "http://pdf.secdatabase.com/323/0001193125-19-139243.pdf", "label": "pdf.secdatabase.com", "score": 14.2590370178, "published": false}], "snippet_links": [{"key": "measurement-of", "type": "clause", "offset": [10, 24]}, {"key": "market-share", "type": "clause", "offset": [60, 72]}, {"key": "competitive-set", "type": "definition", "offset": [78, 93]}, {"key": "for-more-information", "type": "clause", "offset": [104, 124]}, {"key": "with-respect-to", "type": "clause", "offset": [125, 140]}, {"key": "certain-financial-information", "type": "clause", "offset": [160, 189]}], "snippet": "means the measurement of a hotel\u2019s or group of hotels\u2019 fair market share of a competitive set\u2019s RevPAR (for more information with respect to RevPAR index, see \u201cCertain Financial Information\u201d);", "size": 1, "hash": "e84df97e1e4825650d0e68f5cfe72cc0", "id": 8}, {"samples": [{"hash": "cIOUe8rwhuA", "uri": "/contracts/cIOUe8rwhuA#revpar-index", "label": "Hotel Management Agreement (Condor Hospitality Trust, Inc.)", "score": 26.7631759644, "published": true}], "snippet_links": [{"key": "research-report", "type": "definition", "offset": [52, 67]}, {"key": "str-report", "type": "definition", "offset": [70, 80]}], "snippet": "means the RevPAR Index included in the Smith Travel Research Report (\u201cSTR Report\u201d).", "size": 1, "hash": "4e1210043250307a96faf05ebdab2ffa", "id": 9}, {"samples": [{"hash": "i1rllbOgHMg", "uri": "/contracts/i1rllbOgHMg#revpar-index", "label": "Hotel Management Agreement", "score": 25.4544830322, "published": true}], "snippet_links": [{"key": "a-percentage", "type": "definition", "offset": [30, 42]}, {"key": "the-hotel", "type": "definition", "offset": [47, 56]}, {"key": "fiscal-year", "type": "definition", "offset": [74, 85]}, {"key": "weighted-average", "type": "clause", "offset": [93, 109]}, {"key": "room-count", "type": "definition", "offset": [114, 124]}, {"key": "competitive-set", "type": "definition", "offset": [178, 193]}], "snippet": "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.", "size": 1, "hash": "45193a65947b1449674705f9666fe36f", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVcmV2cGFyLWluZGV4IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "RevPAR Index", "snippet": "means the RevPAR Index included in the \u2587\u2587\u2587\u2587\u2587 Travel Research Report (\u201cSTR Report\u201d).", "size": 51, "id": "revpar-index", "examples": ["Base Fee \u2013 3% of Total Revenue Incentive Management Fee \u2013 20% of Proceeds after Owner\u2019s Priority 12% of Purchase Price Owner will have the right to terminate the management agreement if in any year (after the first \u201cstub\u201d year) the following occurs: (a) Gross Operating Profit is less than the Performance Termination Threshold AND (b) the <strong>RevPAR Index</strong> 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 <strong>RevPAR Index</strong>, 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 <strong>RevPAR Index</strong>, both as established by the Compensation Committee of the Board of Directors.", "Smit\u2587 \u2587\u2587\u2587vel 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 <strong>RevPAR Index</strong>.", "In the event Lessor and Lessee cannot agree to the Leased Property&#x27;s Competitive Set or the <strong>RevPAR Index</strong> Baseline changes by December 15 of any Lease Year, such unagreed items shall be determined by Smit\u2587 \u2587\u2587\u2587vel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 40.2).", "Lessor and Lessee shall work in good faith to determine any additions and deletions to the Leased Property&#x27;s Competitive Set, and any resetting of the <strong>RevPAR Index</strong> Baseline as necessary to reflect changed circumstances, on or before December 15 of each Lease Year, with such changes to be applicable for the following Lease Year.", "The potential 2011 Annual Bonus shall depend on following performance metrics: 40% on EBITDA and 10% on the <strong>RevPAR Index</strong>, both as established by the Compensation Committee of the Board of Directors.", "The costs of resetting the Leased Property&#x27;s Competitive Set or the <strong>RevPAR Index</strong> Baseline shall be borne equally by the parties."], "related": [["sofr-index", "SOFR Index", "SOFR Index"], ["sofr-indexend", "SOFR IndexEnd", "SOFR IndexEnd"], ["sofr-indexstart", "SOFR IndexStart", "SOFR IndexStart"], ["cpi-index", "CPI Index", "CPI Index"], ["sifma-index", "SIFMA Index", "SIFMA Index"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00"}, "json": true, "cursor": ""}}