Upper Midscale Hotel definition
Upper Midscale Hotel means, as of the Opening Date, a hotel that would qualify as “Upper Midscale” on the “Chain Scale” of hotels published by ▇▇▇▇▇ Travel Research (STR). JoePC and the City acknowledge that hotel standards of facilities, amenities, services, etc., evolve with cultural and technological changes, but they also believe that there will always be a spectrum or scale of hotel groupings from value and economy to upscale and luxury. Accordingly, over time and from time to time, as used in this Lease the term Upper Midscale Hotel shall mean a hotel whose facilities, amenities, services, etc., will place it on the then current spectrum of hotel groupings at a place analogous (by reference to then current hotel groupings below and above) to where an “Upper Midscale” hotel falls today on STR’s Chain Scale. Work has the meaning ascribed in Section 3.5.