LuxUrban Hotels Inc. Schedules 2022 Fourth Quarter and Full Year Financial Results and Conference Call

Rhea-AI Summary

LuxUrban Hotels Inc. (Nasdaq: LUXH) announced that it will report its financial results for the fourth quarter and full year ended December 31, 2022 on March 27, 2023. Following the release, a conference call will be held on March 28, 2023, at 9:00 am ET to discuss the financial outcomes. The Company operates a portfolio of short-term rental properties in major urban areas utilizing an asset-light model, aiming to capitalize on dislocated hotels post-COVID-19. Investors can participate via phone or listen to the live webcast available on their website.

Positive

• Company's asset-light model may attract favorable operating margins from dislocated hotels.
• Focus on leveraging technology for efficient property management and marketing.

Negative

• None.

MIAMI--(BUSINESS WIRE)-- LuxUrban Hotels Inc. (or “the Company”) (Nasdaq: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced it will report financial results for the fourth quarter and full year ended December 31, 2022 on Monday, March 27, 2023 after the close of the stock market. The Company will host a conference call on Tuesday, March 28, 2023 at 9:00 am Eastern Time to discuss the results.

Investors interested in participating in the live call can dial:

• (877) 407-9753 - U.S.
• (201) 493-6739 - International

A simultaneous webcast of the call may be accessed online from the Events & Presentations section of the Investor Relations page of the Company’s website at www.luxurbanhotels.com or via https://event.choruscall.com/mediaframe/webcast.html?webcastid=XKvT9VbR.

LuxUrban Hotels Inc.

LuxUrban Hotels Inc. utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities. The Company’s future growth focuses primarily on seeking to create “win-win” opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel restrictions, while providing LuxUrban Hotels favorable operating margins. LuxUrban Hotels operates these properties in a cost-effective manner by leveraging technology to identify, acquire, manage, and market them globally to business and vacation travelers through dozens of third-party sales and distribution channels, and the Company’s own online portal. Guests at the LuxUrban Hotels properties are provided high quality service under the Company’s consumer brand, LuxUrban^TM.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230320005417/en/

LuxUrban Hotels Inc.

Shanoop Kothari

President and Chief Financial Officer

shanoop@luxurbanhotels.com



The Equity Group Inc.

Devin Sullivan

Managing Director

(212) 836-9608

dsullivan@equityny.com



David Shayne, Analyst

(212) 836-9628

dshayne@equityny.com

Source: LuxUrban Hotels Inc.

FAQ

When will LuxUrban Hotels report its financial results for the fourth quarter of 2022?

LuxUrban Hotels will report its financial results on March 27, 2023.

What time is the LuxUrban Hotels conference call?

The conference call is scheduled for March 28, 2023, at 9:00 am Eastern Time.

How can investors access the LuxUrban Hotels conference call?

Investors can dial (877) 407-9753 for U.S. or (201) 493-6739 for international calls, and also access a live webcast on the company's website.

What business model does LuxUrban Hotels use?

LuxUrban Hotels utilizes a long-term lease, asset-light business model to manage short-term rental properties.

How is LuxUrban Hotels addressing the impact of COVID-19?

The company aims to create 'win-win' opportunities for hotel owners affected by COVID-19 travel restrictions.