![]() Hotel NOI and NOI from other businesses are broken down separately. Hotel NOI means, for any period, an amount (as determined in accordance with GAAP consistently applied with the financial statements of the Corporation on file with the Securities and Exchange Commission from time to time) equal to (i) the sum of the amounts for such period of (a) Net Operating Income of the Corporation and its consolidated subsidiaries, plus (b) “ Corporate general and administrative” expense of the Corporation and its consolidated subsidiaries, plus (c) “ Depreciation and amortization” expense of the Corporation and its consolidated subsidiaries, plus (d) the amount of “ Equity income ( loss) in joint venture” of the Corporation and its consolidated subsidiaries, plus (e)(I) “Depreciation and amortization” expense of the joint venture owning the Crown Plaza Hollywood Beach Resort multiplied by (II) the percentage of the Corporation’s equity interest in such joint venture, less (ii) the sum of the amounts for such period of (a)(I) 3% multiplied by (II) the “ Rooms department” revenue of the Corporation and its consolidated subsidiaries, plus (b)(I) 3% multiplied by (II) the “Rooms department” revenue of the joint venture owning the Crown Plaza Hollywood Beach Resort multiplied by ( III) the percentage of the Corporation’s equity interest in such joint venture.
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