LuxUrban Hotels to Participate in Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference

Rhea-AI Summary

LuxUrban Hotels Inc. (Nasdaq: LUXH) will participate in the 19th Annual Noble Capital Markets Emerging Growth Equity Conference on December 4, 2023. The company utilizes an asset-light business model to lease entire hotels and rent out hotel rooms in key major metropolitan cities. As of November 30, 2023, the company had 2,032 hotel rooms under lease and seeks to rapidly build its portfolio through the acquisition of additional accommodations dislocated or underutilized due to the pandemic and current economic conditions.

MIAMI--(BUSINESS WIRE)-- LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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, today announced that it will participate in the 19^th Annual Noble Capital Markets Emerging Growth Equity Conference on Monday, December 4, 2023.

Management will host 1x1 meetings with investors and is scheduled to present at 12:30pm ET – Presentation Room 2.

A copy of the presentation slides will be available prior to the presentation on the company website. The webcast of the presentation will be available the following day on the IR section of the Company’s website (Events & Presentations) at: https://investor.luxurbanhotels.com/overview/default.aspx

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 November 30, 2023 the Company had 2,032 hotel rooms under lease, including properties not yet 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.

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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231130330563/en/

Shanoop Kothari

President, Co-Chief Executive Officer, and Chief Financial Officer

LuxUrban Hotels Inc.

shanoop@luxurbanhotels.com

Devin Sullivan, Managing Director

Equity Group Inc.

dsullivan@equityny.com

Conor Rodriguez, Analyst

crodriguez@equityny.com

Source: LuxUrban Hotels Inc.

FAQ

What is the ticker symbol of LuxUrban Hotels Inc.?

The ticker symbol of LuxUrban Hotels Inc. is LUXH on the Nasdaq.

How does LuxUrban Hotels Inc. operate?

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.

In which cities does LuxUrban Hotels Inc. manage hotel rooms?

The company currently manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.

How many hotel rooms did LuxUrban Hotels Inc. have under lease as of November 30, 2023?

As of November 30, 2023, LuxUrban Hotels Inc. had 2,032 hotel rooms under lease, including properties not yet available for rent.

What is LuxUrban Hotels Inc.'s strategy for portfolio growth?

The company seeks to rapidly build its portfolio through the acquisition of additional accommodations that were dislocated or are underutilized as a result of the pandemic and current economic conditions.