CorpHousing Group, Inc. (CHG) established a short-term rental (STR) business in 2017 which managed proprietary, “Class A,” multi-family apartments in high-density, urban cores, across the United States.
The unprecedented travel restrictions associated with the COVID-19 pandemic presented tremendous operating challenges for CHG. However, unlike others in the STR industry, not only did CHG survive, it continued to grow and its seasoned leadership team exploited unique opportunities presented by the crisis.
In 2021, CorpHousing Group pivoted its business to focus almost exclusively on dislocated hotel assets in high-density, urban core, markets globally.
CHG’s shift provided a win-win opportunity for both hotel owners who, after having their properties shuttered for two years, were facing significant financial challenges and for CHG which was able to negotiate long-term agreements with highly favorable operating margins.
With COVID-19 taking a back seat to the returning travel and hospitality market, CHG is growing rapidly and continuing to recognize financial success. CHG's team leverages technology to implment its asset-light acquisition, long-term master lease, model of high-quality hotels in major metropolitan cities and markets them worldwide, with “Heroic” service, through dozens of on-line travel agents (OTAs) under its consumer hospitality brand - LuxUrban.
Current holdings include Miami, Miami Beach, Los Angeles, Denver, Seattle, Washington D.C., NYC, and Boston.