LuxUrban Hotels Inc. Schedules 2022 Third Quarter Financial Results and Conference Call

Rhea-AI Summary

LuxUrban Hotels Inc. (Nasdaq: LUXH) will report its third-quarter financial results on November 14, 2022, after market close. A conference call is scheduled for November 15, 2022, at 10:00 am ET. The company employs an asset-light, long-term lease model to manage a diversified portfolio of short-term rental properties, focusing on creating advantageous opportunities for hotel owners affected by COVID-19. LuxUrban leverages technology to enhance operations and provide quality service to guests.

Positive

• The company has a growth strategy targeting dislocated hotels affected by COVID-19, which may lead to favorable operating margins.
• Utilizes a technology-driven approach for acquiring and managing rental properties, enhancing operational efficiency.

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 third quarter ended September 30, 2022 on Monday, November 14, 2022 after the close of the stock market. The Company will host a conference call on Tuesday, November 15, 2022 at 10:00 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 webcast of the event may be accessed via the following link:

https://event.choruscall.com/mediaframe/webcast.html?webcastid=77gKdCRg

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.

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/20221110005953/en/

Shanoop Kothari

Chief Financial Officer

LuxUrban Hotels Inc.

Devin Sullivan, SVP

The Equity Group Inc.

(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 Q3 results?

LuxUrban Hotels will report its Q3 financial results on November 14, 2022, after market close.

What time is the LuxUrban Hotels conference call?

The conference call will take place on November 15, 2022, at 10:00 am ET.

Where can I access the LuxUrban Hotels webcast?

The webcast can be accessed via the LuxUrban Hotels Investor Relations page or directly at the provided link.

What business model does LuxUrban Hotels use?

LuxUrban Hotels operates on an asset-light, long-term lease model to manage short-term rental properties.