Owned Hotels definition

Owned Hotels means Hudson in New York, Delano South Beach in Miami Beach and Clift in San Francisco, which the Company leases under a long-term lease.
Sample 1Sample 2Sample 3
Owned Hotels shall have the meaning set forth in Paragraph 5(d) above.
Sample 1
Owned Hotels means each of the following: (i) the Red Roof Kings Island, the Days Inn King Island, the Days Inn Cambridge and the Best Western Cambridge owned by Beckelbe, (LLC); (ii) the Days Inn East owned by Xxxx II; (iii) the Days Inn Pompano Beach owned by Pompano Beach; and (iv) the Holiday Inn Express Juno Beach beneficially owned by Juno, and title to which is in the name of the Trustee .
Sample 1

Examples of Owned Hotels in a sentence

  • Owned hotels Owned Hotels segment revenues decreased primarily driven by a decrease of 19 hotels in the owned hotel portfolio in comparison to the hotels owned at December 31, 2015 and a decline in RevPAR of 0.7 percent at our comparable owned hotels.

  • Our Owned Hotels segment’s Adjusted EBITDA decrease is a result of decreased Owned Hotels segment revenues of approximately $31.8 million and an increase in direct lodging expenses of $11.1 million, partially offset by decreases in other lodging and operating expenses of $1.2 million.

  • As of December 31, 2016 and 2015, Owned Hotels includes five and 13 hotels designated as assets held for sale, which are subject to definitive purchase agreements, respectively.

  • The Company's consolidated financial statements include revenues from the Owned Hotels and management fee revenues for providing management services to the Managed Hotels.

  • The remainder of the Owned Hotels, excluding the New Hotels, are defined as Mature Hotels.

  • The Company tracks the performance of the Owned Hotels in two groups.

  • References to the JQH Hotels include both the Owned Hotels and the Managed Hotels.

  • All references to Same-Store Owned Hotels reflect the Company’s owned, leased and consolidated joint venture hotels, excluding hotels sold to date, undergoing significant repositionings or for which comparable results are not available (i.e., hotels not owned during the entire periods presented or closed due to seasonality.) REVPAR is defined as revenue per available room.

  • The Company's existing 50 Owned Hotels and Managed Hotels (together, the "JQH Hotels") operate primarily under the Embassy Suites and Holiday Inn trade names.

  • The Company owns 45 hotels located in 19 states containing 11,067 guest rooms and suites (the "Owned Hotels") and manages five additional hotels located in two states containing 1,136 guest rooms (the "Managed Hotels").

Related to Owned Hotels

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Owned Properties has the meaning set forth in Section 3.16.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Residential means that the Premises where the Service is installed are used wholly:

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • Playground means a public outdoor recreation area for children, usually equipped with swings, slides, and other playground equipment, owned and/or managed by a city, county, state, or federal government.

  • Residential property means improved property that:-

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Company Owned Real Property shall have the meaning set forth in Section 3.12(a).

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • Residential Lot means a lot, the use of which is limited by law, covenant,

  • Existing uses means those uses actually attained in a water body on or after November 28, 1975, whether or not they are included in the water quality standards.

  • Excluded Personal Property means the following:

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • Existing Project is a Project that has achieved Commercial Operation on or prior to the Execution Date.