Common use of Minimum Development Obligations Clause in Contracts

Minimum Development Obligations. The Concessionaire shall be required to develop the project site into a 3 star or above category hotel, commercial, pertinent facilities and infrastructure. The Concessionaire shall undertake development of following facilities in addition to the existing facilities with flexibility to modify the existing facilities as well (including retrofitting, if required, without effecting any structural changes to the heritage structure), to optimise operational efficiency and quality of the project. The specifications in terms of sizes and service quality shall strictly be in accordance with MoT Guidelines for relevant category / classification and / or any other local guidelines as applicable including relevant architectural standards. 1. Development of Hotel with minimum 50 rooms 2. Commercial area, food court, etc. subject to a maximum of 35% of the total Built-up Area (BUA) 3. Fine dining restaurant 4. Gym 5. Activity Hall 6. All other facilities and infrastructure as required as per relevant category of hotel in accordance with the guidelines of Ministry of Tourism, Government of India 7. Banqueting facility 8. Upgrade the existing facilities and infrastructure in terms of quality and ambience to meet the relevant standards of 3-star or above category hotel.

Minimum Development Obligations. The Concessionaire shall be required to develop the project site into a 3 star or above category hotel, commercial, pertinent facilities and infrastructure. The Concessionaire shall undertake development of following facilities in addition to the existing facilities with flexibility to modify the existing facilities as well (including retrofitting, if required, without effecting any structural changes to the heritage structure), to optimise operational efficiency and quality of the project. The specifications in terms of sizes and service quality shall strictly be in accordance with MoT Guidelines for relevant category / classification and / or any other local guidelines as applicable including relevant architectural standards. 1. Development of Hotel with minimum 50 rooms 2. Commercial area, food court, etc. subject to a maximum of 35% of the total Built-up Built‐up Area (BUA) 3. Fine dining restaurant 4. Gym 5. Activity Hall 6. All other facilities and infrastructure as required as per relevant category of hotel in accordance with the guidelines of Ministry of Tourism, Government of India 7. Banqueting facility 8. Upgrade the existing facilities and infrastructure in terms of quality and ambience to meet the relevant standards of 3-star 3‐star or above category hotel.