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CorpHousing Group Inc. (Nasdaq: CHG) on Friday announced it has acquired long-term rights to The Tuscany Hotel in New York City via a 15-year Master Lease Agreement.
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 Q4 2022 and will market the property under its LuxUrbanTM brand.
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