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CorpHousing Group Inc. (NASDAQ: CHG) has rebranded to LuxUrban Hotels Inc., effective November 3, 2022. The new ticker symbol will be LUXH. This shift reflects the company's focus on acquiring and managing short-term rental hotel properties through long-term leases in major cities. Currently, LuxUrban operates around 1,200 short-term rental units and is negotiating for thousands more. The transition is part of their strategy to enhance customer service and leverage technology for operational efficiency.
CorpHousing Group Inc. (CHG), based in Miami, has announced the upcoming openings of two new properties: the Lafayette Hotel in New Orleans on November 1 and The Washington in New York City on November 19. These acquisitions via 15-year Master Lease Agreements will enhance CHG's portfolio to a total of 12 properties. The Lafayette is a historic 60-unit boutique hotel, while The Washington is a 217-unit luxury hotel. CEO Brian Ferdinand emphasized these additions will generate significant revenue starting in Q4 2022.
CorpHousing Group Inc. (CHG) announced its upcoming presentation at The Windy City Roundup, hosted by MicroCap Rodeo, on October 12-13, 2022 in Miami. Management will present on October 12 at 3:00 pm Central Time, with one-on-one meetings available throughout the event. The presentation will be webcast live on CHG's website. Known for its asset-light business model, CHG focuses on acquiring short-term rental properties, leveraging technology for global marketing and operations while providing exceptional guest service through its Heroic Service™ brand.