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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 Inc. (Nasdaq: LUXH) to present at Sidoti Micro-Cap Virtual Investor Conference on November 15-16, 2023. 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 currently manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, with 2,032 hotel rooms under lease as of November 8, 2023. The company seeks to rapidly expand its portfolio through the acquisition of additional accommodations affected by the pandemic and current economic conditions.
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announced Q3 2023 financial results, reporting a net rental revenue increase to $31.2 million from $11.6 million, a net income improvement to $4.9 million, and EBITDA rise to $8.4 million. The company also raised its net rental revenue and EBITDA guidance for 2023 and 2024.
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LuxUrban Hotels Inc. (Nasdaq: LUXH) will report financial results for Q3 2023 on November 8, 2023. 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.
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LuxUrban Hotels Inc. closes underwritten public offering of 13.00% Series A Cumulative Redeemable Preferred Stock, raising $7 million. The net proceeds will be used for near-term acquisitions and general working capital purposes. The Series A Preferred Stock is expected to commence trading on the Nasdaq Capital Market on October 27, 2023.
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LuxUrban Hotels Inc. announces the pricing of an underwritten public offering of its Series A Preferred Stock, resulting in gross proceeds of $7 million. The net proceeds will be used for near-term acquisitions and general working capital purposes. The offering is expected to close on or about October 26, 2023.
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LuxUrban Hotels Inc. announces the opening of three hotels in New York City and expects to add seven more properties with a total of 1,604 rooms by the end of Q4 2023.
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LuxUrban Hotels Inc. to present at upcoming conferences
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LuxUrban Hotels Inc. to present at LD Micro Main Event XVI Conference on October 3-4, 2023 and host 1x1 meetings. The company utilizes an asset-light business model to lease entire hotels and currently manages a portfolio of over 1,600 hotel rooms. It seeks to rapidly build its portfolio through the acquisition of additional accommodations. The company has completed the transition from leasing residential units to leasing hotels.
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LuxUrban Hotels Inc. to present at iAccess Alpha's Virtual Microcap Conference on September 26, 2023 at 9:30 am ET.
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LuxUrban Hotels re-brands Hotel 57, Condor Hotel, and Lafayette Hotel as 'Trademark Collection® by Wyndham' properties
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FAQ

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

The current stock price of LuxUrban Hotels (LUXH) is $0.0394 as of November 1, 2024.

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

The market cap of LuxUrban Hotels (LUXH) is approximately 5.4M.

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

5.44M
137.95M
18.35%
12.59%
2.79%
Lodging
Real Estate
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United States of America
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