120. The Notice of Default required Renaissance to cure the defaults by: … (ii) increasing the wholesale rates for the Hotel to rates that are at least 80% of the Hotel's retail rates; … (iv) increasing the government/military and associate rates for the hotel to at least $200 per room night on average or cancelling those programs in their entirety; … (v) increasing the reimbursement for the Marriott Rewards program to at least $200 per room night on average; (vi) revamping its cleaning and maintenance programs to ensure the cleanliness of the hotel; …
Good luck getting $200/room night on Govt/Military rates. Especially in today's economy. And even more especially after the GSA Vegas incident.
USG per-deim hotel max for Miami Beach is between 105 and 152 a night depending on time of year.