Upper Scale Hotel definition
Upper Scale Hotel means a (x) hotel that is ranked as “upper upscale” or better in the chain scale segment by ▇▇▇▇▇ Travel Research (STR) or that is ranked in the “upscale” segment or better by ▇.▇. Power and Associates North America Guest Satisfaction Index Study and that is within the market price segments defined by STR as representing the top 30% of average room rates in the New York, New York metro STR market or (y) a hotel that is a boutique hotel with no chain affiliation that meets the quality level standards set forth in the preceding clause (x). If the hotel rankings published by both ▇▇▇▇▇ Travel Research and ▇.▇. Power and Associates North American Guest Satisfaction Index Study are discontinued, the parties shall mutually agree upon another substantially similar publication which ranks hotel chains based upon substantially similar criteria such as performance and services.
Examples of Upper Scale Hotel in a sentence
The Premises may be used solely for the development and operation of a full-service hotel incorporating the TWA Flight Center, with a minimum Upper Scale Hotel market class designation, with retail, meeting and event facilities; spa and fitness center; restaurants and lounges; an interpretive display relating to the TWA Flight Center and the Airport; and outdoor recreation areas.