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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.

News

Wyndham and LuxUrban Ink Deal to Expand Trademark Collection Portfolio in the U.S.

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Wyndham Hotels & Resorts and LuxUrban Hotels have signed a deal to bring 16 LuxUrban hotels, representing approximately 1,400 rooms, into the Trademark Collection by Wyndham brand. The hotels will maintain their LuxUrban branding while gaining affiliation with the Trademark brand name. Wyndham will provide financial, sales, and operational support to help advance LuxUrban's growth strategy. The agreement also allows for additional LuxUrban hotels to join Trademark in the future.
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LuxUrban Hotels Inc. Schedules 2023 Second Quarter Financial Results and Conference Call

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LuxUrban Hotels Inc. (Nasdaq: LUXH) will report Q2 2023 financial results on August 8, 2023. The company utilizes an asset-light model to lease hotels and rent out rooms in major cities. It currently manages a portfolio of 1,034 hotel rooms.
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LuxUrban Hotels Eliminates All Debt Obligations with Senior Lenders

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LuxUrban Hotels (Nasdaq: LUXH) has entered into an agreement with Greenle Partners to eliminate $2.6 million of debt. The company has retired all of its $9.8 million of senior secured debt with Greenle in 2023. Under the agreement, Greenle will convert the remaining Convertible Notes into 1.3 million shares of Common Stock and the company will register warrants owned by Greenle to purchase 1,000,000 and 250,000 shares of Common Stock, respectively.
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LuxUrban Hotels Signs Master Lease Agreements to Operate Two Hotels in New York City’s Times Square

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LuxUrban Hotels Acquires Future Revenue Share Payment Obligations From its Pre-IPO Investors

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LuxUrban Hotels Inc. has entered into an agreement that eliminates $87.5 million in Revenue Share payments in exchange for issuing 6,740,000 shares of common stock. The company is increasing its EBITDA forecast for 2023 to $25-30 million and initiating 2024 net rental revenue and EBITDA guidance of $220-240 million and $48-60 million, respectively. The agreement is expected to improve cash position, access to growth capital, increase margins, and future cash flows.
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LuxUrban Hotels Signs Master Lease Agreement to Operate Luxury Hotel in New York City Adding 204 Units to Property Portfolio

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LuxUrban Hotels Inc. Announces Record 2023 First Quarter Financial Results

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LuxUrban Hotels Signs Master Lease Agreements to Operate Boutique Hotels in New York City and Los Angeles Adding 214 Units to its Portfolio

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LuxUrban Hotels Inc. Schedules 2023 First Quarter Financial Results and Conference Call

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LuxUrban Hotels Inc. (Nasdaq: LUXH) announced it will report its financial results for Q1 2023 on May 9, 2023. A conference call will follow on May 10, 2023, at 10:00 am ET. The company recently filed Post-Effective Amendment No. 2 on Form S-1 with the SEC, related to previously announced agreements with pre-IPO investors. Although the company will not receive proceeds from sales of common stock, it may gain approximately $4.5 million from cash exercises of financing warrants. LuxUrban's asset-light model focuses on leasing hotels long-term and expanding its portfolio, currently hosting over 1,250 units in major cities like New York and Miami Beach. The transition to this hotel leasing strategy is largely complete, following a shift away from multifamily residential leasing.

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LuxUrban Hotels Secures Multi-Year Extension and Conversion of Debt Expected to Significantly Improve Cash Position, Enhance Growth Prospects, and Accelerate Free Cash Flow

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LuxUrban Hotels Inc. (Nasdaq: LUXH) announced an agreement on April 16, 2023 regarding its senior secured convertible notes totaling approximately $5 million. The deal allows the elimination of all related debt and access to new equity capital through a mandatory conversion feature. Key terms include a two-year extension of the notes' maturity to April 15, 2025, and issuance of warrants for the purchase of 1,250,000 shares at specified prices. The potential funding from these actions could reach about $8.3 million. Brian Ferdinand, CEO, highlighted the significance of this amendment in reflecting the support from debt holders and the company’s confidence in its evolving business model.

The transaction aims to strengthen LuxUrban's financial position, focusing on debt reduction and cash flow generation.

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FAQ

What is the current stock price of LUXURBAN HOTELS (LUXH)?

The current stock price of LUXURBAN HOTELS (LUXH) is $0.18 as of January 23, 2025.

What is the market cap of LUXURBAN HOTELS (LUXH)?

The market cap of LUXURBAN HOTELS (LUXH) is approximately 689.4K.

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.
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LUXURBAN HOTELS INC

Nasdaq:LUXH

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