master lease agreement
LuxUrban Hotels Signs Master Lease Agreements to Operate Two Hotels in New York City’s Times Square
LuxUrban Hotels Inc. | June 5, 2023
MIAMI--LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City’s Times Square: The Hotel at Times Square and Hotel 46 Times Square. Each of these properties will operate under the Company’s LuxUrban brand. The Hotel 46 Times Square, consisting of 79 rooms, and The Hotel at...
CorpHousing Establishes Presence in New Orleans With 15-Year Master Lease Agreement for Historic Lafayette Hotel
CorpHousing Group Inc. | September 27, 2022
MIAMI--CorpHousing Group Inc. (“CorpHousing,” “CHG”, or the “Company”) (Nasdaq: CHG), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced it has acquired long-term rights to the Lafayette Hotel, a 60-unit historic boutique property located in New Orleans, LA, via a 15-year Master Lease Agreement (“MLA”). The Lafayette Hotel is CHG’s first property in New Orleans, joining the Company’s portfolio properties in New York, Washington, DC, Miami, Denver, Boston, and Seattle. CHG will manage and mar...
CorpHousing Group Acquires Long-Term Rights to The Tuscany Hotel in NYC Via 15-Year MLA
CorpHousing Group Inc. | September 23, 2022
MIAMI--CorpHousing Group Inc. (“CorpHousing,” “CHG”, or the “Company”) (Nasdaq: CHG), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced it has acquired long-term rights to The Tuscany Hotel in New York City via a 15-year Master Lease Agreement (“MLA”). The addition of The Tuscany brings to nine the total number of hotels in CHG’s portfolio and the 124 units added under this MLA increases CHG’s total units under long-term lease to 977. CorpHousing plans to start operating The Tuscany during ...
