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LuxUrban Hotels Inc. - LUXH STOCK NEWS

Welcome to our dedicated page for LuxUrban Hotels news (Ticker: LUXH), a resource for investors and traders seeking the latest updates and insights on LuxUrban Hotels stock.

LuxUrban Hotels Inc. (symbol: LUXH) is a dynamic hospitality company that leverages a unique asset-light business model. The company focuses on acquiring and managing a growing portfolio of short-term rental properties through long-term leases in major metropolitan cities. Under its consumer brand, LuxUrban, the company markets hotel rooms to both business and vacation travelers.

LuxUrban's portfolio spans prominent cities including New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, offering a diverse range of accommodations to meet the needs of various travelers. By opting for long-term leases rather than outright property purchases, LuxUrban maintains operational flexibility and minimizes capital expenditure, allowing for sustainable expansion and adaptation to market changes.

Recent achievements include significant growth in their property portfolio and enhanced market presence across key urban locations. LuxUrban continues to establish strategic partnerships and alliances to bolster its service offerings and customer reach. The company is committed to delivering exceptional hospitality experiences through meticulous management and marketing of its properties.

Financially, LuxUrban has demonstrated resilience and steady growth, positioning itself as a key player in the short-term rental market. The company's innovative approach and geographic diversity provide a competitive edge in the hospitality industry. Stay updated with LuxUrban Hotels Inc. for the latest developments, performance insights, and strategic initiatives.

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LuxUrban Hotels appoints Elan Blutinger as Non-Executive Chairman of the Board of Directors, succeeding Brian Ferdinand. The Company aims to strengthen industry representation and governance, with a focus on growth and shareholder value. Elan Blutinger, an experienced travel and hospitality executive, is set to lead LuxUrban through its next phase of expansion.
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LuxUrban Hotels Inc. reported a significant increase in net rental revenue by 159% to $113.4 million for FY 2023. The company's EBITDA rose by 78% to $25.3 million, with adjusted EBITDA increasing by 109% to $29.8 million. Despite a net loss of $78.5 million, which included non-cash charges and non-recurring costs, LuxUrban Hotels Inc. remains optimistic about its future growth and strategic expansion plans.
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LuxUrban Hotels Inc. reported strong financial results for Q4 2023 and full year 2023, with significant increases in net rental revenue, EBITDA, and adjusted EBITDA. The company highlighted its transformative year, strategic growth objectives, and collaboration with Wyndham Hotels & Resorts. LuxUrban also discussed surrendering underperforming properties and enhancing its working capital profile for 2024. The company entered into a surety bond agreement to secure future leases and provided an update on its 2024 guidance and enhanced audit procedures.
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LuxUrban Hotels Inc. appoints Kimberly K. Schaefer, a veteran in real estate and hospitality, to its Board of Directors. The company utilizes an asset-light business model in partnership with Wyndham Hotels & Resorts to lease entire hotels on a long-term basis. LuxUrban aims to secure the long-term operating rights for hotels through Master Lease Agreements, benefiting from dislocations in commercial real estate markets.
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LuxUrban Hotels Inc. (LUXH) announces financial results for Q4 and full year 2023. The company, utilizing an asset-light model in partnership with Wyndham Hotels & Resorts, will host a conference call on March 27, 2024, to discuss the results.
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LuxUrban Hotels Inc. appoints Robert Arigo as Chief Operating Officer, leveraging his 35 years of experience in the hotel and hospitality industry. The company, operating with an asset-light model, partners with Wyndham Hotels & Resorts to lease entire hotels long-term. Arigo's role focuses on enhancing operations, supply chain relationships, customer experience, and revenue opportunities. LuxUrban aims for continued growth and expansion, restructuring its organization to reflect future plans and industry representation.
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LuxUrban Hotels Inc. (LUXH) appoints Elan Blutinger as an independent member of the Board of Directors, enhancing industry representation and governance profile. The company, utilizing an asset-light model, partners with Wyndham Hotels & Resorts for long-term lease agreements, marketing, and operational support.
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LuxUrban Hotels Inc. (LUXH) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock, with a dividend per share of $0.270833. The record date is February 15, 2024, and the payment date is February 29, 2024. 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. LuxUrban is focused on building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. The company also benefits from its partnership with Wyndham Hotels & Resorts, gaining competitive advantages including joint branding, capital allocation, and ongoing customer support and training.
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LuxUrban Hotels Inc. (Nasdaq: LUXH) will host its Investor Day on February 6, 2024, in New York City. The event will be accessible via webcast and will focus on the company's asset-light business model, long-term lease agreements for hotels, and partnership with Wyndham Hotels and Resorts.
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LuxUrban Hotels Inc. (Nasdaq: LUXH) has signed a 15-year Master Lease Agreement to operate The James NoMad Hotel in New York City, which will be rebranded as The J Hotel by LuxUrban, a Wyndham Grand® Hotel. LuxUrban's largest operating rights acquisition to date, the historic 353-room property is expected to be taken over by the company and open to guests by March 1, 2024.
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FAQ

What is the current stock price of LuxUrban Hotels (LUXH)?

The current stock price of LuxUrban Hotels (LUXH) is $0.9861 as of December 20, 2024.

What is the market cap of LuxUrban Hotels (LUXH)?

The market cap of LuxUrban Hotels (LUXH) is approximately 2.6M.

What does LuxUrban Hotels Inc. do?

LuxUrban Hotels Inc. acquires and manages short-term rental properties in major metropolitan cities through long-term leases, marketing them under the LuxUrban brand to business and vacation travelers.

Where are LuxUrban Hotels Inc.'s properties located?

LuxUrban Hotels Inc. manages properties in cities such as New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.

What business model does LuxUrban Hotels Inc. use?

LuxUrban Hotels Inc. employs an asset-light business model, focusing on long-term leases rather than purchasing properties outright.

Who are the primary customers of LuxUrban Hotels Inc.?

The primary customers are business and vacation travelers looking for short-term rentals in metropolitan cities.

How does LuxUrban Hotels Inc. market its properties?

LuxUrban markets its properties under the consumer brand 'LuxUrban,' targeting both business and vacation travelers through strategic marketing initiatives.

What recent achievements has LuxUrban Hotels Inc. made?

LuxUrban Hotels Inc. has significantly expanded its property portfolio and enhanced its market presence across key urban locations.

What is the financial condition of LuxUrban Hotels Inc.?

LuxUrban Hotels Inc. has demonstrated resilience and steady growth, positioning itself strongly in the short-term rental market.

What makes LuxUrban Hotels Inc. unique?

LuxUrban's use of an asset-light business model and focus on long-term leases allows for operational flexibility and sustainable expansion.

How can I stay updated with LuxUrban Hotels Inc.?

You can stay updated by following the latest news and performance insights about LuxUrban Hotels Inc. on financial and stock market platforms.

What strategic initiatives is LuxUrban Hotels Inc. undertaking?

LuxUrban is establishing strategic partnerships and alliances to enhance its service offerings and expand its customer reach.

LuxUrban Hotels Inc.

Nasdaq:LUXH

LUXH Rankings

LUXH Stock Data

2.58M
2.19M
1.41%
Lodging
Real Estate
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United States of America
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