How is Available Rooms defined in a legal contract?
- Available Rooms means the total number of rooms offered for rent to the public every day. For a hotel, it might refer to the total number of rooms in its rental pool daily. Seen in 3 SEC filings
- Available Rooms means the number of hotel rooms that are open for purchase by guests. This does not include rooms used for [house use] or [commercial] rooms, but includes rooms that are not in operation and complimentary rooms. Seen in 2 SEC filings
- Available Rooms means the count of hotel rooms that are for sale to guests. This definition excludes rooms reserved for [house] or in-house use, [commercial] rooms. However, it includes rooms which are unavailable, provided those rooms are not unavailable for more than a stipulated time frame and complimentary rooms. Seen in 2 SEC filings
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 available rooms' 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
Available Rooms means total rooms open for rent to the public daily, excluding those used for internal or commercial purposes.
Relevant Contract Types
Relevant Circumstances
- When a hospitality establishment is renting out rooms
- Agreement for leasing or renting real estate property with multiple units
- Any arrangement where the availability of rooms or spaces is a critical factor
Relevant Sectors
Genie Definition 2
Available Rooms includes rooms not in operation and complimentary rooms, if not unavailable for a prescribed period.
Relevant Contract Types
Relevant Circumstances
- When tracking the occupancy or vacancy rate of a hotel is necessary
- Operation and maintenance contracts where room availability might impact service delivery
- Any business agreement that involves provision of accommodation or space
Relevant Sectors
- Hospitality Industry
- Healthcare Industry (e.g., hospitals and healthcare facilities where room availability is of concern)
- Facility Management Sector
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Available Rooms means total rooms open for rent to the public daily, excluding those used for internal or commercial purposes.
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