LuxUrban Issues Corporate update and 2025 Revenue Guidance of $62–$67 million
LuxUrban Hotels (LUXH) has provided a corporate update and 2025 revenue guidance, projecting revenue between $62-67 million. The company currently operates 9 hotels with 1,064 keys, planning to maintain 855 keys across 8 properties in its long-term portfolio. Key achievements include improved operational efficiency through exiting non-performing properties and implementing cost-saving measures.
Q4 2024 same-store RevPAR is expected to reach $242.65 (+7.3%), supported by an ADR of $272.81 (+10.3%). December 2024 revenue is anticipated to exceed December 2023 by $1.86 million, driven by an ADR of $307.60 (+24.1%). The company projects 2025 RevPAR to reach $216.58, up from $180.60 in 2024.
LuxUrban is focusing exclusively on New York City, citing high RevPAR performance, potential opportunities from migrant hotel contract turnover (14,000 rooms), and increased tourism demand.
LuxUrban Hotels (LUXH) ha fornito un aggiornamento aziendale e una previsione di fatturato per il 2025, prevedendo ricavi compresi tra $62-67 milioni. L'azienda attualmente gestisce 9 hotel con 1.064 chiavi e prevede di mantenere 855 chiavi in 8 proprietà nel suo portafoglio a lungo termine. Tra i risultati chiave ci sono il miglioramento dell'efficienza operativa attraverso l'uscita da proprietà non performanti e l'implementazione di misure di risparmio sui costi.
Si prevede che il RevPAR degli hotel comparabili nel quarto trimestre del 2024 raggiunga i $242,65 (+7,3%), supportato da un ADR di $272,81 (+10,3%). Si stima che le entrate di dicembre 2024 supereranno quelle di dicembre 2023 di $1,86 milioni, grazie a un ADR di $307,60 (+24,1%). L'azienda prevede che il RevPAR del 2025 raggiunga i $216,58, in aumento rispetto ai $180,60 del 2024.
LuxUrban si sta concentrando esclusivamente su New York City, citando le elevate performance del RevPAR, le potenziali opportunità derivanti dal turnover dei contratti alberghieri per migranti (14.000 camere) e l'aumento della domanda turistica.
LuxUrban Hotels (LUXH) ha proporcionado una actualización corporativa y previsiones de ingresos para 2025, proyectando ingresos entre $62-67 millones. La compañía actualmente opera 9 hoteles con 1,064 habitaciones y planea mantener 855 habitaciones en 8 propiedades en su cartera a largo plazo. Entre los logros clave se incluye la mejora de la eficiencia operativa al salir de propiedades no rentables e implementar medidas de ahorro de costos.
Se espera que el RevPAR en hoteles comparables del cuarto trimestre de 2024 alcance los $242,65 (+7,3%), respaldado por un ADR de $272,81 (+10,3%). Se anticipa que los ingresos de diciembre de 2024 superarán a los de diciembre de 2023 en $1,86 millones, impulsados por un ADR de $307,60 (+24,1%). La compañía proyecta que el RevPAR de 2025 alcanzará los $216,58, en comparación con $180,60 en 2024.
LuxUrban se está enfocando exclusivamente en New York City, citando el alto rendimiento del RevPAR, las oportunidades potenciales derivadas de la rotación de contratos hoteleros para migrantes (14,000 habitaciones) y el aumento de la demanda turística.
LuxUrban Hotels (LUXH)는 기업 업데이트와 2025년 매출 전망을 제공하며, 매출을 $62-67 백만으로 예상하고 있습니다. 현재 1,064개의 객실을 보유한 9개의 호텔을 운영하고 있으며, 장기 포트폴리오에서 8개의 자산에 대해 855개의 객실을 유지할 계획입니다. 주요 성과로는 비수익 자산에서 철수하고 비용 절감 조치를 시행함으로써 운영 효율성을 개선한 것을 들 수 있습니다.
2024년 4분기 동일 매장 RevPAR는 $242.65 (+7.3%)에 이를 것으로 예상되며, 이는 $272.81 (+10.3%)의 ADR에 의해 뒷받침됩니다. 2024년 12월 수익은 2023년 12월보다 $1.86 백만을 초과할 것으로 예상되며, 이는 $307.60 (+24.1%)의 ADR에 의해 주도됩니다. 회사는 2025년 RevPAR이 2024년의 $180.60에서 $216.58로 증가할 것으로 전망하고 있습니다.
LuxUrban은 New York City에만 집중하고 있으며, 높은 RevPAR 실적, 이민자 호텔 계약 전환(14,000 객실)의 잠재적 기회, 관광 수요 증가를 언급하고 있습니다.
LuxUrban Hotels (LUXH) a fourni une mise à jour d'entreprise et une prévision de revenus pour 2025, projetant des revenus entre $62-67 millions. L'entreprise exploite actuellement 9 hôtels avec 1 064 chambres et prévoit de maintenir 855 chambres dans 8 propriétés dans son portefeuille à long terme. Parmi les réalisations clés figurent l'amélioration de l'efficacité opérationnelle grâce à la sortie de propriétés non rentables et à la mise en œuvre de mesures d'économie de coûts.
Le RevPAR des hôtels comparables pour le quatrième trimestre 2024 devrait atteindre 242,65 $ (+7,3 %), soutenu par un ADR de 272,81 $ (+10,3 %). Les revenus de décembre 2024 devraient dépasser ceux de décembre 2023 de 1,86 million de dollars, soutenus par un ADR de 307,60 $ (+24,1 %). L'entreprise prévoit que le RevPAR 2025 atteindra 216,58 $, contre 180,60 $ en 2024.
LuxUrban se concentre exclusivement sur New York City, citant de bonnes performances en matière de RevPAR, des opportunités potentielles liées au renouvellement des contrats d'hôtels pour migrants (14 000 chambres) et une demande touristique accrue.
LuxUrban Hotels (LUXH) hat ein Unternehmens-Update und eine Umsatzprognose für 2025 bereitgestellt, wobei ein Umsatz zwischen $62-67 Millionen erwartet wird. Das Unternehmen betreibt derzeit 9 Hotels mit 1.064 Zimmern und plant, 855 Zimmer in 8 Immobilien in seinem langfristigen Portfolio zu halten. Zu den wesentlichen Erfolgen gehören die Verbesserung der operativen Effizienz durch den Ausstieg aus nicht rentablen Immobilien sowie die Umsetzung von Kosteneinsparungsmaßnahmen.
Der RevPAR für vergleichbare Hotels im vierten Quartal 2024 wird voraussichtlich $242,65 (+7,3%) erreichen, unterstützt von einem ADR von $272,81 (+10,3%). Der Umsatz im Dezember 2024 wird voraussichtlich den Umsatz im Dezember 2023 um $1,86 Millionen übersteigen, was durch einen ADR von $307,60 (+24,1%) vorangetrieben wird. Das Unternehmen prognostiziert, dass der RevPAR 2025 auf $216,58 steigen wird, verglichen mit $180,60 im Jahr 2024.
LuxUrban konzentriert sich ausschließlich auf New York City und verweist auf die hohe RevPAR-Leistung, potenzielle Möglichkeiten aus dem Vertragswechsel in Migrantenhotels (14.000 Zimmer) und die gestiegene Nachfrage im Tourismus.
- Revenue guidance of $62-67 million for 2025
- Q4 2024 RevPAR increase of 7.3% to $242.65
- December 2024 ADR growth of 24.1% to $307.60
- Expected RevPAR growth from $180.60 in 2024 to $216.58 in 2025
- Portfolio optimization through exit from non-performing properties
- Reduction in portfolio size from 1,064 to 855 keys
- Concentrated market risk with exclusive focus on NYC
Insights
LuxUrban's strategic realignment and 2025 guidance presents a compelling turnaround story. The projected revenue of
The Q4 2024 same-store RevPAR of
The NYC-centric strategy is particularly astute given the market's supply constraints and the potential opportunity from 14,000 rooms returning to market from migrant contracts. The streamlined portfolio of 855 keys across 8 properties enables better operational control and margin optimization.
The strategic pivot to focus exclusively on NYC's premium market represents a calculated bet on one of the most resilient hospitality markets globally. The company's portfolio rationalization, exiting underperforming assets while maintaining 855 keys in prime locations, positions it to capture higher-value segments.
The implementation of comprehensive OTA partnerships (Agoda, Booking.com, Google, Expedia) alongside direct booking capabilities significantly expands distribution reach. This multi-channel approach, combined with data-driven revenue management strategies, should optimize occupancy rates and pricing power.
The broader NYC market context is favorable - Upper Midscale segment's trailing 12-month RevPAR of
• Streamlined Operations and NYC Focus Set the Stage for 2025 Growth
• RevPAR Gains and Optimized Portfolio Highlight Operational Momentum
MIAMI, Jan. 15, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (Nasdaq: LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today provided a comprehensive corporate update, highlighting recent business achievements and sharing its 2025 revenue guidance and strategic milestones. It has been a transformative year for LuxUrban Hotels, Inc., marked by substantial progress in improving the business, streamlining operations, and building a strong foundation for 2025 growth and profitability.
2024 Business Highlights and Achievements
Over the past year, LuxUrban has taken deliberate steps to improve operational efficiency and financial stability:
- Shedding Unprofitable Leases: Exiting non-performing properties has allowed a stronger focus on high-performing assets.
- Streamlined Operations: Improved operational workflows and implemented cost-saving measures.
- Enhanced Revenue Management: Leveraged data-driven strategies to optimize performance across the hotel portfolio.
- Industry Expertise: Added key personnel with deep experience in hotel operations and revenue management.
- Q4 RevPAR Performance: Same-store RevPAR expected to finish at
$242.65 (+7.3% ), supported by a strong ADR of$272.81 (+10.3% ). - December 2024 Revenue Growth: Expected to finish +
$1.86 million over December 2023, driven by an ADR of$307.60 (+24.1% ). - Market Context: The Upper Midscale NYC market trailing 12 months (November STR) performed at a RevPAR of
$200.62 , representing growth of9.6% .
Current Portfolio and 2025 Expectations:
LuxUrban currently operates 9 hotels totaling 1,064 keys, with 855 keys across 8 properties expected to remain in its long-term portfolio:
- Blakely Hotel - 117 rooms
- Tuscany Hotel – 124 rooms
- Washington Hotel - 217 rooms
- The Herald - 166 rooms
- Hotel 27 - 74 rooms
- BeHome – 43 rooms
- The Condor - 35 rooms
- Hotel 46 - 79 rooms
- Hotel 57 - 209 rooms
With robust sales and distribution strategies now in place, combined with fully operational OTA partnerships (Agoda, Booking.com, Google and Expedia) and direct booking capabilities, LuxUrban is positioned to realize RevPAR performance at record levels.
Revenue Outlook for 2025:
- Revenue is projected to range between
$62 –$67 million , based on 8 properties totaling 855 units. - RevPAR Growth: 2024 RevPAR performance is expected to finish at
$180.60 , with 2025 RevPAR projected to reach$216.58 , driven by enhanced sales and distribution channels.
Current Initiatives:
- Rebranding and ancillary revenue opportunities.
- Consistent tracking and modeling of RevPAR improvements to enhance performance and shareholder value.
Strategic Focus on NYC
LuxUrban will focus exclusively on New York City, where significant growth opportunities exist:
- NYC remains one of the highest RevPAR performers in the United States.
- Anticipated turnover of migrant hotel contracts, returning 14,000 rooms to the market.
- Continued financing pressures on hotel assets, creating acquisition opportunities in a supply-constrained market.
- Increased tourism activity driving demand for accommodations.
Looking Ahead to 2025
With a sharpened focus on profitable growth, strengthened partnerships, and a robust sales and distribution strategy, LuxUrban Hotels is well-positioned to capitalize on opportunities and deliver record performance in 2025
We thank you for your continued trust and support as we work to create long-term value for all stakeholders.
About LuxUrban Hotels, Inc.:
LuxUrban Hotels, Inc. is transitioning its strategic focus from securing long-term operating rights through Master Lease Agreements (MLAs) to acquiring and managing hotel properties outright. By purchasing hotel assets, LuxUrban seeks to enhance its control over operations and capitalize on ownership-driven value creation. The Company aims to build a robust portfolio of properties in destination cities by leveraging opportunities created by dislocations in commercial real estate markets and the significant volume of debt maturities coming due, often with limited refinancing options for owners.
This strategic pivot allows LuxUrban to move beyond operating rights and focus on full property ownership, providing enhanced long-term stability and the ability to fully capture the financial upside of the real estate assets it owns.
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 its ability to improve its working capital and cash flow profiles, enhance its balance sheet and deliver organic revenue growth, 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. 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 Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 15, 2024, and any updates to those factors as set forth in subsequent Quarterly Reports on Form 10-Q or other public filings with the SEC, the base prospectus comprising part of the Registration Statement and when filed, the prospectus supplement filed with respect thereto. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these 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.
For more information, contact:
Investor Relations:
Jeff Ramson, PCG Advisory
Email: Jramson@pcgadvisory.com
Corporate:
Brandon Elster, President
Email: brandon@luxurbanhotels.com
FAQ
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