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LuxUrban Hotels Inc. (Nasdaq: LUXH) will report financial results for Q3 2023 on November 8, 2023. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities.
Positive
LuxUrban Hotels Inc. will announce its financial results for Q3 2023, which could positively impact stock price if the results exceed expectations.
Negative
None.
MIAMI--(BUSINESS WIRE)--
LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today it will report financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, 2023 after the close of the stock market. The Company will host a conference call on Thursday, November 9, 2023 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 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 an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases to business and vacation travelers through the company’s online portal and third-party sales and distribution channels. The company currently manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles. As of the date of this release, the company has approximately 1,625 hotel rooms available for rent, and seeks to rapidly build its portfolio on favorable economics through the acquisition of additional accommodations that were dislocated or are underutilized as a result of the pandemic and current economic conditions. In late 2021, the company commenced the process of winding down its legacy business of leasing and re-leasing multifamily residential units, as it pivoted toward its new strategy of leasing hotels. This transition has been substantially completed.
When will LuxUrban Hotels Inc. report its financial results for Q3 2023?
LuxUrban Hotels Inc. will report its financial results for Q3 2023 on November 8, 2023.
What is LuxUrban Hotels Inc.'s business model?
LuxUrban Hotels Inc. utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities.
How many hotel rooms does LuxUrban Hotels Inc. currently manage?
As of the date of this release, LuxUrban Hotels Inc. manages approximately 1,625 hotel rooms.
What is LuxUrban Hotels Inc.'s strategy for portfolio growth?
LuxUrban Hotels Inc. seeks to rapidly build its portfolio on favorable economics through the acquisition of additional accommodations that were dislocated or are underutilized as a result of the pandemic and current economic conditions.
What is LuxUrban Hotels Inc.'s new strategy?
LuxUrban Hotels Inc. has transitioned from leasing and re-leasing multifamily residential units to leasing hotels.
