Twenty Terms and Conditions

Preferred Hotels & Resorts offers qualified companies the opportunity to participate in the TWENTY by Preferred Hotels & Resorts. Preferred Hotels & Resorts represents hundreds of world-renowned unique hotel experiences in more than 80 countries.

1. RATE OFFER
   1. 20% off BAR, bed and breakfast, across all room categories, including premium room types and suites (the "Rate(s)")
   2. Rates are net, non-commissionable
   3. Full prepayment is required seven (7) days prior to the guest arrival, either via credit card or bank transfer. Should booking be confirmed within seven (7) days from arrival, credit card prepayment will be the only available option.
2. TERMS AND CONDITIONS
   1. Reservations can be confirmed via the dedicated page on the Preferred Hotels & Resorts website with your (1) unique URL; (2) the GDS; (3) through one of our Global Call Centers. You will be provided a unique and confidential URL, once this Agreement is signed and returned to your Preferred Hotels & Resorts' representative
   2. Rates and conditions apply for the entire term of this Agreement
   3. Black-out dates vary per property
   4. Prepayment: Regardless of the method chosen (credit card or bank transfer), full prepayment must reach the hotel no later than seven (7) days prior to the guest arrival
   5. Cancellation Policy: 72 hours (6pm local time) cancellation policy will apply to all bookings, regardless of the hotel or room category. Should any cancellations be received after this time, a one night cancellation charge per booking will apply. A one night cancellation fee will also be applied in case of no-show or early departure
   6. I Prefer benefits are not applicable to any bookings confirmed at Tour Operator rates
   7. The participating hotels are subject to change
   8. Company shall bundle the rate with other travel components ("Package Rate") or apply a mark-up of no less than 25% to the applicable Rate before promoting such room to any customer ("Booking Rate"). Under no circumstances may the Company disclose the Rate, directly or indirectly, to any customer
   9. The Rates offered through this program are strictly for the use of the Company signing this Agreement and may not be distributed to other third parties, unless agreed in writing by Preferred Hotels & Resorts. Failing that, the Agreement will be discontinued with immediate effect
   10. The initial term of this Agreement shall be through 31 December, 2022.
   11. This Agreement will renew at the conclusion of the initial term or any renewal term, as applicable, unless either party delivers written notice to the other party of its intent to terminate this Agreement at the conclusion of the term at least thirty (30) days prior to the last date of the then-current term or subject to the terms of the section XI below
   12. Preferred Hotels & Resorts reserves the right to remove the Company from the program, should there be no production after 12 months from enrolling