RevPAR Yield Index definition

RevPAR Yield Index means the percentage amount determined by dividing the RevPAR of the Property by the RevPAR of the Property’s Competitive Set as determined by Xxxxx Travel Research (“STR”) or if STR is no longer publishing, a successor reasonably acceptable to Lender.
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RevPAR Yield Index means the percentage amount obtained by ------------------ dividing the RevPAR of the Leased Property by the RevPAR of the Leased Property's Competitive Set.
Sample 1
RevPAR Yield Index means the percentage amount obtained by dividing the RevPAR of the Leased Property by the RevPAR of the Competitive Set of the Leased Property, calculated in accordance with the STR Report which contains a full calendar year calculation thereof for the Leased Property (or if STR Reports are no longer published or do not contain sufficient information to make such calculation, the RevPAR Yield Index shall instead be calculated using the methodology presently used by STR Reports from information contained in any other publication reasonably selected Lessor and recognized by the hotel industry as being an authoritative source of such information or, if no such publication exists, from an analysis conducted at the joint expense of Lessor and Lessee by a nationally recognized accounting firm with a hospitality division chosen by Lessor of which neither Lessor, Lessee or their Affiliates is a significant client).
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Examples of RevPAR Yield Index in a sentence

  • Our RevPAR Yield Index for the quarter increased from 114.0% to 117.2% for the hotels not under renovation and from 113.8% to 115.9% for all core hotels.

  • In addition, our RevPAR Yield Index for 2005 increased from 111.3% to 113.0% for all hotels in continuing operations and from 113.6% to 116.0% for those hotels not under renovation.

  • Our RevPAR Yield Index for the quarter increased from 111.6% to 115.6% for the hotels not under renovation and from 111.9% to 115.1% for all hotels.

  • In addition, our RevPAR Yield Index year-to-date increased from 110.7% to 112.5% for all hotels in continuing operations and from 110.1% to 113.7% for those hotels not under renovation.


More Definitions of RevPAR Yield Index

RevPAR Yield Index means the percentage amount obtained ------------------ by dividing the RevPAR of the Leased Property by the RevPAR of the Leased Property's Competitive Set.
Sample 1
RevPAR Yield Index means the percentage amount obtained by dividing the RevPAR of the Leased Property by the RevPAR of the Leased Property's Competitive Set.
Sample 1
RevPAR Yield Index. The percentage amount obtained by dividing the RevPAR of the Leased Property by the RevPAR of the Leased Property's Competitive Set, with the terms "RevPAR" and "Competitive Set" having the meanings ascribed to them in Smitx Xxxvel Research Reports ("STR Reports"), calculated in accordance with the STR Reports which contains a full calendar year calculation thereof for the Leased Property (or if STR Reports are no longer published or do not contain sufficient information to make such calculation, the RevPAR Yield Index shall instead be calculated using the methodology presently used by STR Reports from information contained in any other publication reasonably selected by Lessor and recognized by the hotel industry as being an authoritative source of such information or, if no such publication exists, from an analysis conducted at the joint expense of Lessor and Lessee by a nationally recognized accounting firm with a hospitality division chosen by Lessor and Lessee).
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Related to RevPAR Yield Index

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