LuxUrban Hotels to Present at Upcoming Conferences

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LuxUrban Hotels Inc. to present at upcoming conferences

MIAMI--(BUSINESS WIRE)-- LuxUrban Hotels Inc. (“LuxUrban” 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, announced today that the Company is scheduled to present at the following conferences:

October

• Maxim Group 2023 Virtual Tech Conference Series: Exploring All Corners of the Tech Sector: Management will participate in a virtual fireside chat on Tuesday, October 10, 2023 at 9:30 am ET. Attendees can register for the conference at www.m-vest.com.
• The ThinkEquity Conference: Management will present on Thursday, October 19, 2023 at 10:30 am ET and host 1x1 meetings throughout the day.

Slides for these events will be available at the IR section of the Company’s website: https://investor.luxurbanhotels.com/overview/default.aspx

December

• Jefferies Real Estate Conference: being held December 4-5 in Miami, FL. Additional details regarding this event will be forthcoming.

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 over 1,600 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.

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 financial and operational guidance, the success of the Company’s collaboration with Wyndham Hotels & Resorts, 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 10-K for the year ended December 31, 2022 and in Item 1A of our Form 10-Q for the three months ended June 30, 2023. 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/20231006874616/en/

Shanoop Kothari

President & Chief Financial Officer

LuxUrban Hotels Inc.

shanoop@luxurbanhotels.com

Devin Sullivan

Managing Director

The Equity Group Inc.

dsullivan@equityny.com

Source: LuxUrban Hotels Inc.

FAQ

What conferences is LuxUrban Hotels Inc. scheduled to present at?

LuxUrban Hotels Inc. is scheduled to present at the October Maxim Group 2023 Virtual Tech Conference Series, the ThinkEquity Conference, and the December Jefferies Real Estate Conference.

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.

How many hotel rooms does LuxUrban Hotels Inc. currently manage?

LuxUrban Hotels Inc. currently manages over 1,600 hotel rooms.

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

LuxUrban Hotels Inc. seeks to rapidly build its portfolio through the acquisition of additional accommodations that were dislocated or underutilized due to the pandemic and economic conditions.

What was LuxUrban Hotels Inc.'s previous business before transitioning to leasing hotels?

LuxUrban Hotels Inc. previously leased and re-leased multifamily residential units before transitioning to its new strategy of leasing hotels.