{"id":688744,"date":"2022-09-26T08:33:10","date_gmt":"2022-09-26T12:33:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/"},"modified":"2022-09-26T08:33:10","modified_gmt":"2022-09-26T12:33:10","slug":"corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/","title":{"rendered":"CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CorpHousing Group Inc. Establishes Presence in New Orleans with <\/b><b>15-Year Master Lease Agreement for Historic Lafayette Hotel<\/b><\/p>\n<p>MIAMI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>CorpHousing Group Inc. (\u201cCorpHousing,\u201d \u201cCHG\u201d, or the \u201cCompany\u201d) (Nasdaq: CHG), <\/b>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 (\u201cMLA\u201d).\n<\/p>\n<p>\nThe Lafayette Hotel is CHG\u2019s first property in New Orleans, joining the Company\u2019s portfolio properties in New York, Washington, DC, Miami, Denver, Boston, and Seattle. CHG will manage and market the Lafayette Hotel to business and vacation travelers under its <i>LuxUrban<\/i><sup>TM<\/sup><i \/>brand, with operations expected to commence in October 2022. The addition of the Lafayette brings to 10 the total number of hotels in CHG\u2019s portfolio and the 60 units added under this MLA increases CHG\u2019s total units under long-term lease to 1037.\n<\/p>\n<p>\nThe Lafayette Hotel is located on the fashionable St. Charles Avenue Streetcar Line, within the heart of the Historical Arts and Warehouse Districts in the Central Business District. The hotel is a short stroll from the French Quarter, Bourbon Street, the Ernest N. Morial Convention Center, the Superdome, the New Orleans Riverwalk, and the National World War II Museum. Desi Vega\u2019s Steakhouse is also located inside of the Lafayette Hotel on St. Charles Avenue, offering patrons opportunity to wine and dine in downtown style.\n<\/p>\n<p>\n\u201cAn important long-term component of our post-IPO scaling strategy is entering new, destination markets that attract business and vacation travelers, and New Orleans certainly fits that bill,\u201d said Brian Ferdinand, Chairman and Chief Executive Officer of CorpHousing Group. \u201cNew Orleans is a city that has something for everyone, including more than 1,200 restaurants, a rich multi-ethnic history, over 130 festivals each year, and a world class airport. We are very excited to offer this new property later this year.\u201d\n<\/p>\n<p>\nNew Orleans is known for its round-the-clock nightlife, live-music scene, and distinct cuisine that reflects the intersection of its French, African and American cultures. The city earned numerous awards and rankings during 2022, including: a #2 ranking on the Top 10 U.S. Cities list (Travel + Leisure); a #7 ranking on the Top 50 U.S. Destinations list (Conference Direct Meeting Mentor Magazine); a #3 ranking as a destination in the U.S. for City Lovers (Tripadvisor\u2019s Travelers\u2019 Choice); and a #2 ranking as the happiest travel destination in North America (Club Med).\n<\/p>\n<p><b>CorpHousing Group Inc.<br \/>\n<br \/><\/b>CorpHousing Group (CHG) 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. The Company\u2019s future growth focuses primarily on seeking to create \u201cwin-win\u201d opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel restrictions, while providing CHG favorable operating margins. CHG operates these properties in a cost-effective manner by leveraging technology to identify, acquire, manage, and market them globally to business and vacation travelers through dozens of third-party sales and distribution channels, and the Company\u2019s own online portal. Guests at the Company\u2019s properties are provided Heroic Service\u2122 under CHG\u2019s consumer brands, including LuxUrban. CHG\u2019s Heroic Service<sup>TM <\/sup>provides guests a hassle-free experience which exceeds their expectations with \u201cHeroes\u201d who respond to any issue in a timely, thoughtful, and thorough manner.\n<\/p>\n<p><b>Forward Looking Statements<br \/>\n<br \/><\/b>This press release contains forward-looking statements, including with respect to the expected closing of noted lease transactions and continued closing on additional leases for properties in the Company\u2019s pipeline, as well the Company\u2019s anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those set forth under the caption \u201cRisk Factors\u201d in the prospectus forming part of the Company\u2019s effective Registration Statement on Form S-1 (File No. 333-262114). Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as &#8220;plans&#8221;, &#8220;expects&#8221; or &#8220;does not expect&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221; or &#8220;does not anticipate&#8221;, or &#8220;believes&#8221;, or variations of such words and phrases or may contain statements that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will be taken&#8221;, &#8220;will continue&#8221;, &#8220;will occur&#8221; or &#8220;will be achieved&#8221;. Forward-looking information may relate to anticipated events or results including, but not limited to business strategy, leasing terms, high-level occupancy rates, and sales and growth plans. The financial projection provided herein are based on certain assumptions and existing and anticipated market, travel and public health conditions, all of which may change. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and\/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220923005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20220923005395\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20220923005395\/en\/<\/a><\/span><\/p>\n<p><b>INVESTORS<br \/>\n<\/b><br \/>Shanoop Kothari<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>CorpHousing Group, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:shanoop@corphousinggroup.com\">shanoop@corphousinggroup.com<br \/>\n<\/a><\/p>\n<p>Devin Sullivan, SVP<br \/>\n<br \/>The Equity Group Inc.<br \/>\n<br \/>(212) 836-9608<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dsullivan@equityny.com\">dsullivan@equityny.com<br \/>\n<\/a><\/p>\n<p>David Shayne, Analyst<br \/>\n<br \/>The Equity Group Inc.<br \/>\n<br \/>(212) 836-9628<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dshayne@equityny.com\">dshayne@equityny.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Florida Louisiana United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Lodging Commercial Building &amp; Real Estate Destinations Construction &amp; Property Vacation REIT Travel Professional Services Other Professional Services Other Travel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220923005395\/en\/1572504\/3\/CHG_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel MIAMI&#8211;(BUSINESS WIRE)&#8211;CorpHousing Group Inc. (\u201cCorpHousing,\u201d \u201cCHG\u201d, or the \u201cCompany\u201d) (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 (\u201cMLA\u201d). The Lafayette Hotel is CHG\u2019s first property in New Orleans, joining the Company\u2019s portfolio properties in New York, Washington, DC, Miami, Denver, Boston, and Seattle. CHG will manage and market the Lafayette Hotel to business and vacation travelers under its LuxUrbanTMbrand, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688744","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel MIAMI&#8211;(BUSINESS WIRE)&#8211;CorpHousing Group Inc. (\u201cCorpHousing,\u201d \u201cCHG\u201d, or the \u201cCompany\u201d) (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 (\u201cMLA\u201d). The Lafayette Hotel is CHG\u2019s first property in New Orleans, joining the Company\u2019s portfolio properties in New York, Washington, DC, Miami, Denver, Boston, and Seattle. CHG will manage and market the Lafayette Hotel to business and vacation travelers under its LuxUrbanTMbrand, &hellip; Continue reading &quot;CorpHousing Group Inc. 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(\u201cCorpHousing,\u201d \u201cCHG\u201d, or the \u201cCompany\u201d) (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 (\u201cMLA\u201d). The Lafayette Hotel is CHG\u2019s first property in New Orleans, joining the Company\u2019s portfolio properties in New York, Washington, DC, Miami, Denver, Boston, and Seattle. CHG will manage and market the Lafayette Hotel to business and vacation travelers under its LuxUrbanTMbrand, &hellip; Continue reading \"CorpHousing Group Inc. Establishes Presence in New Orleans with 15-Year Master Lease Agreement for Historic Lafayette Hotel\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-26T12:33:10+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20220923005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/corphousing-group-inc-establishes-presence-in-new-orleans-with-15-year-master-lease-agreement-for-historic-lafayette-hotel\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CorpHousing Group Inc. 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