Project Longhorn

Project Longhorn. Means the proposed transaction, codenamed "Project Longhorn" by the Company, pursuant to which certain of the Company's businesses conducted through the ownership, asset management (as opposed to hotel management or franchise 2 business), acquisition, development, refurbishment, redevelopment and sale of, and the provision of other services (other than hotel management or franchise services) relating to hotel properties, restaurants and land parcels owned or leased by the Company or... any of its Subsidiaries will be "spun off" to CPLG and the Company will subsequently undergo a Change in Control. View More