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Corphousing Group Inc - CHG STOCK NEWS

Welcome to our dedicated news page for Corphousing Group (Ticker: CHG), a resource for investors and traders seeking the latest updates and insights on Corphousing Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Corphousing Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Corphousing Group's position in the market.

News
LuxUrban Hotels Inc. Provides Preliminary Unaudited 2023 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
LuxUrban Hotels Inc. reported strong financial results for Q4 2023 and full year 2023, with significant increases in net rental revenue, EBITDA, and adjusted EBITDA. The company highlighted its transformative year, strategic growth objectives, and collaboration with Wyndham Hotels & Resorts. LuxUrban also discussed surrendering underperforming properties and enhancing its working capital profile for 2024. The company entered into a surety bond agreement to secure future leases and provided an update on its 2024 guidance and enhanced audit procedures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.91%
Tags
earnings
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News
LuxUrban Hotels Declares Dividend on 13.00% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
LuxUrban Hotels Inc. (LUXH) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock, with a dividend per share of $0.270833. The record date is February 15, 2024, and the payment date is February 29, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. LuxUrban is focused on building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. The company also benefits from its partnership with Wyndham Hotels & Resorts, gaining competitive advantages including joint branding, capital allocation, and ongoing customer support and training.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.86%
Tags
dividends
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News
LuxUrban Hotels to Present at Upcoming Investor Conferences
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) will participate in the Sidoti Micro-Cap Virtual Investor Conference on January 18, 2024, and the Sequire Investor Summit 2024 on January 23-25, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in major metropolitan cities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.91%
Tags
conferences
News
LuxUrban Hotels Declares Dividend on 13.00% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announces monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock. Dividend per share $0.270833. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. As of November 30, 2023, the Company had 2,032 hotel rooms under lease in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
dividends
-
News
LuxUrban Hotels Declares Dividend on 13.00% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend per share is $0.270833, with a record date of December 15, 2023, and a payment date of January 2, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. LuxUrban currently manages a portfolio of 2,032 hotel rooms in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, and seeks to expand its portfolio through the acquisition of additional accommodations affected by the pandemic and current economic conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.69%
Tags
dividends
-
News
LuxUrban Hotels Declares Dividend on 13.00% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) declares the initial monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend per share is $0.315972, with a record date of November 27, 2023, and a payment date of November 30, 2023. LuxUrban Hotels Inc. utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
dividends
News
LuxUrban Hotels Inc. Announces Record 2023 Third Quarter Financial Results
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announced Q3 2023 financial results, reporting a net rental revenue increase to $31.2 million from $11.6 million, a net income improvement to $4.9 million, and EBITDA rise to $8.4 million. The company also raised its net rental revenue and EBITDA guidance for 2023 and 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
Tags
earnings
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News
CorpHousing Group Inc. Announces Name Change and Rebranding to LuxUrban Hotels Inc.
Rhea-AI Summary
Rhea-AI Impact
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End-of-Day
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News
CorpHousing Group Inc. Announces Planned Openings of The Lafayette Hotel Powered by LuxUrban™ in New Orleans and The Washington Powered by LuxUrban™ in New York City
Rhea-AI Summary
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End-of-Day
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News
CorpHousing Group Inc. to Present at The Windy City Roundup 2022 Investor Conference
Rhea-AI Summary
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conferences
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Corphousing Group Inc

Nasdaq:CHG

CHG Rankings

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CHG Stock Data

34.49M
4.67M
76.32%
0.02%
Real Estate Services
Real Estate
Link
United States
Miami