Gross Operating Profit

Gross Operating Profit. Means Gross Revenues less Operating Expenses.

Gross Operating Profit. For each Development, a sum equal to Revenues minus all expenses from operations (excluding depreciation, amortization, management fees, central reservation fees, real, and personal property taxes, leasehold rent paid, property insurance, replacement reserves, Development Fees and debt service) for a Fiscal Year. However, expenses that are directly related to revenues that are excluded from the definition of "Revenues"... below (e.g., expenses directly related to food and beverage sales) will also be excluded from the calculation of Gross Operating Profit. View More