LuxUrban Hotels, previously known as CorpHousing Group, is facing a lawsuit from New York City for failing to fulfill a $1.2 million settlement related to illegal short-term rentals. After the city accused LuxUrban of operating numerous apartments unlawfully, the company agreed to pay but the initial payment bounced due to insufficient funds. The city claims LuxUrban, which rebranded from CorpHousing to avoid fines, earned millions by violating local rental laws. The Mayor's Office emphasizes the need for LuxUrban to comply with its obligations to taxpayers.
LuxUrban Hotels agreed to pay a $1.2 million settlement for illegally operating short-term rentals but has failed to make any payments, leading to a lawsuit.
The City alleges that LuxUrban used a rebranding as a tactic to evade prior fines, while earning significant revenue from illegal short-term rentals.
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