Hotel Management Agreements definition

Hotel Management Agreements means the IPO Hotel Management Agreement and any other management agreement made between a Subsidiary of the REIT and the Master Hotel Manager or one of its Subsidiaries pursuant to the Master Hotel Management Agreement, as such agreements are amended, restated and/or supplemented from time to time;

Hotel Management Agreements means the management agreements between LodgeWorks and the Sellers to manage the Hotels and the management agreements by which LodgeWorks manages the Third Party Owned Hotels.

Hotel Management Agreements means each of the agreements to be executed at Closing, by Designee, as Owner, and Marriott as Manager, of each of the Hotels (other than Techworld) acquired by Purchaser hereunder substantially in the form attached hereto as Exhibit B.

Examples of Hotel Management Agreements in a sentence

• The service fee payable to the Hotel Manager under the Hotel Management Agreements shall be linked to the operating profit and revenue of the Hotels on the following basis: • Base Fee: a fixed percentage of 1.5% of total revenue of the relevant Hotel.

• The cap for the fees payable under the Hotel Management Agreements is determined by reference to the formulae for determining the fees payable pursuant to the Hotel Management Agreements as described above.

• Thereafter, the Hotel Management Agreements may be renewed for successive 10-year terms by mutual agreement of the parties subject to compliance with the relevant Listing Rules requirements at the relevant time.

• Regal REIT will not take any action that may invalidate, prejudice or impair any of the Remaining Regal Group’s intellectual property rights in the “Regal” brand, or use the “Regal” name or the “R” logo unless as otherwise permitted under the Hotel Management Agreements or the Deed of Trade Mark Licence.

• The Hotel Manager is responsible for the management of and all sales, marketing and advertising activities in relation to the Hotels pursuant to the Hotel Management Agreements.

More Definitions of Hotel Management Agreements

Hotel Management Agreements means the hotel management agreement(s) proposed to be

Hotel Management Agreements means, collectively, the Island Hotel Management Agreement and the Marriot Hotel Management Agreements, as in each case as they may be amended, modified, supplemented, restated and/or replaced from time to time.

Hotel Management Agreements means, collectively, the seven (7) hotel management agreements, each entered into between the Hotel Manager and a Hotel Lessee.

Hotel Management Agreements means: (i) the Master Management Agreement dated August 5, 1993, between CTF Hotel Holdings, Inc. and Renaissance Hotel Operating Company, (the “CTF Master Agreement”), (ii) the HPI Master Management Agreement dated as of June 30, 1995 between Renaissance Hotel Group N.V. and Hotel Property Investments (B.V.I.) Ltd. (the “HPI Master Agreement”), (iii) the Agreement dated April 23, 1999 by and among Marriott International, Inc., Renaissance Hotel Operating Company, Renaissance Hotel Group N.V., CTF Hotel Holdings, Inc., and Hotel Property Investments (B.V.I.), Ltd. (the “1999 Agreement”) and (iv) the Hotel-specific agreements set forth on Schedules 2.1(a)-(c).

Hotel Management Agreements. Best Practices

Hotel Management Agreements means the Austin Management Agreement and the Waverly Management Agreement. The obligations of Seller to close the sale contemplated hereby shall be conditioned upon Buyer satisfying all of the requirements set forth in the Management Agreements, including, without limitation, the requirements set forth in Section 10.2 thereof. Buyer represents and warrants that Buyer has reviewed the Management Agreements and will be able to satisfy the requirements of Section 10.2 of the Management Agreements. If Manager will not permit an assignment of the Management Agreements to Buyer solely as a result of Buyer’s failure to satisfy the requirements of Section 10.2 of the Management Agreement, then Buyer will be deemed to be in default hereunder and Seller may terminate this Agreement and retain the Escrow Deposit as liquidated damages.

Hotel Management Agreements means, collectively, each of the Hotel Management Agreements, each dated as of October 26, 2004, between the lessee Affiliates of the owners of the Borrowing Base Assets as of the date hereof and Sunstone Hotel Properties, Inc. and the Management Agreement, dated as of February 28, 1990, between Xxxxx Xxxx Associates, L.P. and Hyatt Corporation, as assigned to Sunstone Xxxxx Xxxx, L.L.C. pursuant to an Assignment and Assumption of Management Agreement, dated as of June 6, 2000, and as further assigned to Sunstone Windy Hills Lessee, Inc. pursuant to an Assignment and Assumption of Management Agreement, dated on or about October 26, 2004, in each case, as amended from time to time to the extent permitted under the Loan Documents.