How is Hotel Chain defined in a legal contract?
- Hotel Chain means a set of hotels that form part of a cluster or collective that are held under shared ownership. This set denotes that the cluster or collective consists of four or more hotels. Seen in 1 SEC Filing
- Hotel Chain means any hotel group where the hotels are part of a common association possessing a minimum of four operational hotels. Additionally, these hotels can fall under the direct or indirect control of any entity or be associated with the entity through a marketing agreement. Seen in 1 SEC filing
- Hotel Chain means as defined in [clause] 7.24. Seen in 1 SEC Filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of hotel chain' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Hotel Chain means a group of four or more hotels under shared ownership or control.
Relevant Contract Types
Relevant Circumstances
- Acquisition of additional hotels under the same ownership
- Merger between two hotel chains
- Start of new franchise operations
- Establishment of joint ventures with another entity
Relevant Sectors
Genie Definition 2
- Hotel Chain means a set of hotels associated or controlled by an entity, linked by a marketing agreement.
Relevant Contract Types
Relevant Circumstances
- Entering into partnerships for marketing or branding purposes
- Establishing affiliates under the parent entity
- Forming agreements for the supply of goods or services
Relevant Sectors
Hotel Chain means a group of four or more hotels under shared ownership or control.
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