Observer
A person nominated by an investor or investors to sit as a non-voting observer at a company’s board meetings. This right is sometimes requested by investors who do not want to be involved in the management of the company but who do want ...
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Occupancy
The percentage of the total number of rooms available which are occupied by guests on any given date. ...
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OE
Either (1) Operating Expenses (e.g. salaries, cost of food, etc) or (2) Operating Equipment (linen, china, glassware, etc). ...
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Offer Letter
See Term Sheet. ...
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Operating Agreement
See Management Agreement. ...
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Operating Equipment
Equipment used in operations, such as linen, china, glassware, silver, uniforms, trolleys and are often (but not exclusively) items that are accounted for as a current expense rather than capital expenditure (compare FF&E). ...
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Ordinary Shares
The basic voting share in the Equity of a company. Ordinary Shares carry one vote per share and entitle the holder to Dividends if and when declared but, unlike Preference Shares, no right to any fixed annual Divid...
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Operator
The hotel management company which manages a hotel under a Management Agreement. ...
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Option Pool
A pool of share capital set aside for employees which is allocated to them through a Share Optionscheme (such as an EMI Scheme). Option Pools commonly represent 5-10% of the overall share capital of a company (but can be more). Early stage...
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Ordinary Resolution
A resolution passed by shareholders who collectively hold a majority of the voting shares in a company. ...
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