LuxUrban Hotels Inc. Announces Timing of Regular Monthly Dividend for January 2025 for Series A Cumulative Redeemable Preferred Stock
LuxUrban Hotels (OTC: LUXH) has announced the payment schedule for its January 2025 monthly dividend for Series A Cumulative Redeemable Preferred Stock holders. The company, which operates hotels through Master Lease Agreements (MLA) and provides short-term room rentals to business and vacation travelers, will distribute a dividend of $0.2708333 per share of its 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend will be paid in cash on February 28, 2025, to shareholders of record as of February 15, 2025.
LuxUrban Hotels (OTC: LUXH) ha annunciato il programma di pagamento per il suo dividendo mensile di gennaio 2025 per i detentori di azioni privilegiate cumulative rimborsabili di Serie A. L'azienda, che gestisce hotel attraverso Contratti di Locazione Master (MLA) e offre affitti di stanze a breve termine per viaggiatori d'affari e turisti, distribuirà un dividendo di $0.2708333 per azione delle sue azioni privilegiate cumulative rimborsabili di Serie A al 13.00%. Il dividendo sarà pagato in contanti il 28 febbraio 2025, agli azionisti registrati al 15 febbraio 2025.
LuxUrban Hotels (OTC: LUXH) ha anunciado el calendario de pago para su dividendo mensual de enero de 2025 para los tenedores de acciones preferentes acumulativas rescatables de la Serie A. La compañía, que opera hoteles a través de Acuerdos de Arrendamiento Maestro (MLA) y proporciona alquileres de habitaciones a corto plazo para viajeros de negocios y turistas, distribuirá un dividendo de $0.2708333 por acción de sus acciones preferentes acumulativas rescatables de la Serie A al 13.00%. El dividendo se pagará en efectivo el 28 de febrero de 2025, a los accionistas registrados a partir del 15 de febrero de 2025.
럭스어반 호텔 (OTC: LUXH)가 2025년 1월 누적 환매형 우선주 시리즈 A 보유자에 대한 월간 배당금 지급 일정을 발표했습니다. 마스터 리스 계약(MLA)을 통해 호텔을 운영하며 비즈니스 및 휴가 여행객을 위한 단기 객실 임대를 제공하는 이 회사는 13.00% 시리즈 A 누적 환매형 우선주에 대해 주당 $0.2708333의 배당금을 지급할 것입니다. 배당금은 2025년 2월 28일에 현금으로 지급되며, 2025년 2월 15일까지 주주로 등록된 사람에게 지급됩니다.
LuxUrban Hotels (OTC: LUXH) a annoncé le calendrier de paiement de son dividende mensuel de janvier 2025 pour les détenteurs d'actions privilégiées cumulatives remboursables de série A. L'entreprise, qui opère des hôtels via des contrats de location principaux (MLA) et fournit des locations de chambres à court terme aux voyageurs d'affaires et aux vacanciers, distribuera un dividende de $0.2708333 par action de ses actions privilégiées cumulatives remboursables de série A à 13%. Le dividende sera payé en espèces le 28 février 2025, aux actionnaires inscrits au 15 février 2025.
LuxUrban Hotels (OTC: LUXH) hat den Zahlungsplan für seine monatliche Dividende im Januar 2025 für Inhaber von Serie A kumulierten rückzahlbaren Vorzugsaktien bekannt gegeben. Das Unternehmen, das Hotels über Mastermietverträge (MLA) betreibt und kurzfristige Zimmervermietungen für Geschäfts- und Urlaubsreisende anbietet, wird eine Dividende von $0.2708333 pro Aktie seiner 13,00%igen Serie A kumulierten rückzahlbaren Vorzugsaktien ausschütten. Die Dividende wird am 28. Februar 2025 in bar an Aktionäre ausgezahlt, die bis zum 15. Februar 2025 im Register stehen.
- Regular monthly dividend payment of $0.2708333 per share maintains consistent shareholder returns
- 13.00% dividend yield on Series A Preferred Stock indicates strong income potential for investors
- None.
MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (OTC: LUXH, LUXHP), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the timing for the payment of its declared regular monthly dividend of
ABOUT LUXURBAN HOTELS INC.
LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) and rents out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is strategically building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. LuxUrban’s MLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLA.
FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The statements contained in this release that are not purely historical are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Generally, the words “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this release may include, for example, statements with respect to the Company’s ability to successfully de-platform its properties from its former franchise partner and operate independently, its ability to improve its working capital and cash flow profiles, enhance its balance sheet and deliver organic revenue growth, scheduled property openings, expected closing of noted lease transactions, the Company’s ability to continue closing on additional leases for properties in the Company’s pipeline, as well the Company’s anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. The forward-looking statements contained in this release are based on current expectations and belief concerning future developments and their potential effect on the Company. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements are subject to a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results of performance to be materially different from those expressed or implied by these forward-looking statements, including those set forth under the caption “Risk Factors” in our public filings with the SEC, including in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 15, 2024, and any updates to those factors as set forth in subsequent Quarterly Reports on Form 10-Q or other public filings with the SEC, the base prospectus comprising part of the Registration Statement and when filed, the prospectus supplement filed with respect thereto. 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.
Contact
Michael James
Chief Financial Officer
LuxUrban Hotels Inc.
mikej@luxurbanhotels.com
FAQ
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