CorpHousing Group (CHG), the short-term rental company that embraced an asset-light expansion strategy of leasing hotels, has inked 15-year master-lease operation agreements with two New York City hotels in the past week.

CorpHousing announced a 15-year deal for The Tuscany Hotel at 120 East 39th Street in Manhattan’s Murray Hill neighborhood. The Miami-based company plans to begin operating the units in the fourth quarter under its LuxUrban brand, which is oriented toward vacation and business travelers.

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Jack Rogers

 

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