LuxUrban Hotels Inc. (Nasdaq: LUXH) 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.
The Company expects to commence operations at Hotel 57 during the current second quarter of 2023.
The reimagined hotel will span 15 floors and feature 364 guest rooms, inclusive of five suites, including a 1,100-square-foot penthouse.
The 217 units associated with this luxury hotel is the first step in the Company’s post IPO scaling strategy and increases units by 34% bringing CHG’s total units under long-term lease to 853. CorpHousing plans to start operating this property during Q4 2022.
Owned by L&L Holding Company and Fortress Investment Group, and managed by Hilton, the 661-room lifestyle hotel is located at TSX Broadway, the city’s new 46-story entertainment and hospitality destination that will also be home to TSX Entertainment.
Debuts Redesigned Guestrooms, Public Spaces, Restaurants, and Over 110,000 Square Feet of Meeting and Event Spaces
The Hard Rock Hotel New York is nearing completion in the heart of Midtown Manhattan, and now accepting reservations for its official debut in April 2022 and beyond. Gracing the skyline at 159 West 48th Street, steps from Times Square, Broadway, Rockefeller Center, Bryant Park and Fifth Avenue shopping, the must-visit entertainment destination aims to honor the legacy of Music Row as the brand's new flagship hotel.
Hyatt Grand Central New York expected to start operations on Nov. 1, 2021
Portuguese Hotel Group to Open its First New York City Location
Hotel features the Playboy Club and the soon to be constructed Glass Cube Billboard and Observation Deck