LuxUrban Hotels to Present at Upcoming Investor Conferences

Rhea-AI Summary

LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) will participate in the Sidoti Micro-Cap Virtual Investor Conference on January 18, 2024, and the Sequire Investor Summit 2024 on January 23-25, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in major metropolitan cities.

MIAMI--(BUSINESS WIRE)-- LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH, LUXHP), 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 the Company is scheduled to participate in the following conferences in January:

• The Sidoti Micro-Cap Virtual Investor Conference, being held January 17-18, 2024. The Company’s presentation is scheduled for 11:30 am ET on January 18, 2024 and can be accessed live here. To register for the presentation or one-on-ones, visit www.sidoti.com/events. Registration is free and participants do not need to be a client of Sidoti & Company LLC.
• The Sequire Investor Summit 2024, being held January 23-25, 2024 in San Juan, Puerto Rico. The presentation will not be webcast. For more information about the Sequire Investor Summit, including registration details, please visit the official event website at https://puertorico.srax.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 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/20240110284558/en/

Shanoop Kothari

President, Co-Chief Executive Officer and Chief Financial Officer

LuxUrban Hotels Inc.

shanoop@luxurbanhotels.com

Devin Sullivan

Managing Director

The Equity Group Inc.

dsullivan@equityny.com

Conor Rodriguez, Analyst

crodriguez@equityny.com

Source: LuxUrban Hotels Inc.

FAQ

When is LuxUrban Hotels Inc. participating in the Sidoti Micro-Cap Virtual Investor Conference?

LuxUrban Hotels Inc. is scheduled to participate in the Sidoti Micro-Cap Virtual Investor Conference on January 18, 2024.

What is the business model of 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 major metropolitan cities.

What are the ticker symbols of LuxUrban Hotels Inc.?

The ticker symbols for LuxUrban Hotels Inc. are LUXH and LUXHP.

Where can I access the live presentation of LuxUrban Hotels Inc. at the Sidoti Micro-Cap Virtual Investor Conference?

The live presentation of LuxUrban Hotels Inc. at the Sidoti Micro-Cap Virtual Investor Conference can be accessed at www.sidoti.com/events.

Where is the Sequire Investor Summit 2024 being held?

The Sequire Investor Summit 2024 is being held in San Juan, Puerto Rico.

Is registration required to attend the LuxUrban Hotels Inc. presentation at the Sidoti Micro-Cap Virtual Investor Conference?

Registration for the presentation or one-on-ones is free and can be done at www.sidoti.com/events. Participants do not need to be a client of Sidoti & Company LLC.