Articles from LuxUrban Hotels Inc.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced that its Board of Directors (the “Board”) has appointed hotel and hospitality industry veteran Robert Arigo as its Chief Executive Officer, effective June 10, 2024. Mr. Arigo, who joined LuxUrban in March 2024 as Chief Operating Officer, is an accomplished industry executive who brings more than 35 years of relevant experience to his new role.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Alexander (Alex) Lombardo as an independent member of the Company’s Board of Directors, effective June 4, 2024.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Michael James as Chief Financial Officer, effective June 4, 2024. Mr. James succeeds Shanoop Kothari, the Company’s current Chief Executive Officer and former Acting Chief Financial Officer.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced that its Board of Directors has formed a Special Committee comprised of independent directors to explore potential strategic initiatives focused on maximizing shareholder value.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced that it closed its previously announced public offering of 35,075,000 shares of common stock, including the full exercise by the underwriters of their over-allotment option to purchase 4,575,000 shares of common stock, at a price of $0.25 per share.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the pricing of its public offering of 30,500,000 shares of common stock at a price of $0.25 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 4,575,000 shares of common stock at the offering price. Roth Capital Partners is acting as sole book-running manager for the offering. Alexander Capital, L.P. is acting as the co-manager for the offering. The offering is expected to close on or about May 23, 2024, subject to the satisfaction of customary closing conditions.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the launch of a proposed follow-on public offering of shares of its common stock. All of the shares of common stock are being offered by the Company pursuant to a shelf registration statement on Form S-3 (No. 333-278883) (the “Registration Statement”) filed with the Securities and Exchange Commission (“SEC”) and declared effective on May 8, 2024. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering will be completed, or as to the actual size or terms of the offering. Certain officers, directors, and holders of 5% or more of the Company’s common stock and affiliates thereof may participate in the offering.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced financial results for the first quarter ended March 31, 2024 (“Q1 2024”), including adjusted EBITDA, which is a non-GAAP measure and is accompanied by reconciliation tables in this release. The Company also announced that it will file its Form 10-Q with the Securities and Exchange Commission on May 13, 2024.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, announced today it will report financial results for the first quarter ended March 31, 2024 on Monday, May 13, 2024 after the close of the stock market. The Company will host a conference call on Tuesday, May 14, 2024 at 9:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Andrew Schwartz to the Company’s Board of Directors, effective April 22, 2024. Mr. Schwartz will serve on the Company’s Finance, Risk and Investment Committee. With Mr. Schwartz’s appointment, the Company’s board expands to seven members, six of whom are independent.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Elan Blutinger as Non-Executive Chairman of the Board of Directors, effective April 22, 2024. Mr. Blutinger, who joined the board in February 2024 as part of an overall strategy to strengthen industry representation across the enterprise, succeeds Brian Ferdinand, the Company’s founder, former Chief Executive Officer, and largest shareholder. Mr. Ferdinand will remain a director. Shanoop Kothari, the Company’s co-Chief Executive Officer, becomes the sole Chief Executive Officer under the Company’s previously announced transition plan.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH, LUXHP), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, including through its partnership with Wyndham Hotels & Resorts (“Wyndham”), today announced financial results for full year (“FY 2023”) ended December 31, 2023, including EBITDA and adjusted EBITDA, which are non-GAAP measures and are accompanied by reconciliation tables in this release. The Company also announced that it filed its Form 10-K with the Securities and Exchange Commission on April 15, 2024.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH, LUXHP), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, including through its partnership with Wyndham Hotels & Resorts (“Wyndham”), today announced preliminary unaudited financial results for the fourth quarter (“Q4 2023”) and full year ended December 31, 2023, including cash net income, adjusted cash net income, EBITDA, and adjusted EBITDA, which are non-GAAP measures and are accompanied by reconciliation tables in this release. As further discussed herein, the completion of the Company’s audit for 2023 includes additional procedures that are in process. While management believes the results herein will not materially change following completion of the audit, the information presented herein cannot be deemed final until the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Accordingly, undue reliance should not be placed on the preliminary results set forth herein.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, today announced the appointment of Kimberly (Kim) K. Schaefer, a 30-year real estate and hospitality industry veteran and the former CEO of Great Wolf Resorts, to the Company’s Board of Directors effective March 25, 2024.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, announced today it will report financial results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 26, 2024 after the close of the stock market. The Company will host a conference call on Wednesday, March 27, 2024 at 10:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, today announced that it has named hotel and hospitality industry veteran Robert Arigo as its Chief Operating Officer, effective March 15, 2024.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, today announced the appointment of Elan Blutinger as an independent member of the Company’s Board of Directors. Mr. Blutinger also will serve on the Nominating and Corporate Governance Committee.

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 its Board of Directors has declared a monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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 it will host its Investor Day on Tuesday, February 6, 2024 in New York City. The event will begin at 2:00 pm ET.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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 it has signed and funded a 15-year Master Lease Agreement (MLA), plus two, five-year options, to operate The James NoMad Hotel in New York City. LuxUrban expects that The James will be rebranded as The J Hotel by LuxUrban, a Wyndham Grand® Hotel. The Company expects to take possession of the property and begin welcoming guests on or before March 1, 2024.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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 provided the following response to allegations included in a short sale report issued on January 17, 2024. The author of this report has disclosed an economic incentive to negatively influence the Company’s stock price.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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 Royalton by LuxUrban, Trademark Collection® by Wyndham is expected to begin welcoming guests on or before January 30, 2024.

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:

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 its Board of Directors has declared a monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 it will host an Investor Day on Tuesday, February 6, 2024 in New York City.

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 its Board of Directors has declared a monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 in active late stage discussions with its partner, Wyndham Hotels & Resorts, Inc. (“Wyndham”), on various aspects of Development Incentive Advances (“Key Money”), which include accelerating the timing and increasing the amounts of these funds on new property acquisitions.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 it will participate in the 19th Annual Noble Capital Markets Emerging Growth Equity Conference on Monday, December 4, 2023.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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 it has signed separate 25-year Master Lease Agreements (MLA), inclusive of two five-year options, to operate two new boutique hotels in New York City: The Royalton Hotel and the Truss Hotel. These properties will be re-branded as “The Royalton by LuxUrban” and “The Truss Hotel by LuxUrban” and are expected to begin welcoming guests early next month. LuxUrban expects both of these properties to be rebranded under the Trademark Collection® by Wyndham name over the next few months.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 it will participate in the 2023 Jefferies Real Estate Conference, taking place on December 4-5, 2023 in Miami Beach, FL.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 it has entered into a non-dilutive financing agreement of up to $10 million sponsored by the Company’s Chairman and Co-Chief Executive Officer, Brian Ferdinand.

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 its Board of Directors has declared the initial monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock covering the period from, and including, October 26, 2023 to, but not including, November 30, 2023.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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 it has launched a pilot program to incorporate a state-of-the-art, bespoke Amazon Alexa Voice Experience (“Amazon Alexa”) in three of its hotels: The Lafayette by LuxUrban, Trademark Collection® by Wyndham in New Orleans, The Blakely by LuxUrban, Trademark Collection® by Wyndham in New York City, and O Hotel by LuxUrban, Trademark Collection® by Wyndham in Los Angeles.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 it will present and host one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Investor Conference, taking place on November 15-16, 2023.

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 financial results for the third quarter (“Q3 2023”) and nine months ended September 30, 2023. Reported results include cash net income and EBITDA, which are non-GAAP measures and are accompanied by reconciliation tables in this release.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today it will report financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, 2023 after the close of the stock market. The Company will host a conference call on Thursday, November 9, 2023 at 10:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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, announced today the closing of an underwritten public offering of its 13.00% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”).

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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, announced today the pricing of an underwritten public offering of an initial 280,000 shares of its 13.00% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a liquidation preference of $25.00 per share, resulting in gross proceeds of $7 million. In connection with the offering, the Company has granted the underwriter a 45-day option to purchase up to an additional 42,000 shares of Series A Preferred Stock to cover over-allotments, if any. The Company expects to use the net proceeds of this offering for near-term acquisitions and general working capital purposes.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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, announced today the openings of three previously announced hotels in New York City acquired under long-term Master Lease Agreements (MLA). Two of the hotels are in Times Square and the third is located in the Flatiron District. These hotels, comprised of an aggregate 368 rooms, will join the Wyndham Hotels & Resorts (“Wyndham”) brand family as “by LuxUrban, Trademark Collection® by Wyndham” and be onboarded to the Wyndham operating platform. They will also contribute to LuxUrban’s fourth quarter 2023 operating results.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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, announced today that the Company is scheduled to present at the following conferences:

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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, announced today that the Hotel 57 in New York City, the Condor Hotel in Brooklyn, and the Lafayette Hotel in New Orleans have been re-branded as “The Hotel 57, Trademark Collection® by Wyndham,” “The Condor Hotel, Trademark Collection® by Wyndham,” and “The Lafayette Hotel, Trademark Collection® by Wyndham,” respectively.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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, announced today that the Herald Hotel in New York City and O Hotel in Los Angeles have been re-branded as “The Herald by LuxUrban, Trademark Collection® by Wyndham” and “O Hotel, Trademark Collection® by Wyndham,” respectively.

LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), 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, announced today that the Blakely Hotel in New York City has been re-branded as “The Blakely by LuxUrban, Trademark Collection® by Wyndham.” The Blakely is the first LuxUrban property to integrate under the Wyndham Hotels & Resorts (“Wyndham”) brand family and join the world’s largest hotel franchisor.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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, announced today its commitment to growing the business through non-dilutive funding options. This approach to growth is supported by several factors, including its recent agreement with Wyndham Hotels & Resorts, the successful completion of balance sheet initiatives that have strengthened the Company’s financial position and enhanced liquidity, and its ability to leverage its improving asset base to secure non-dilutive funding.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 financial results for the second quarter ended June 30, 2023 (“Q2 2023”). Reported results include cash net income and EBITDA, which are non-GAAP measures and are accompanied by reconciliation tables in this release.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today it will report financial results for the second quarter ended June 30, 2023 on Tuesday, August 8, 2023 after the close of the stock market. The Company will host a conference call on Wednesday, August 9, 2023 at 10:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today that on June 19, 2023 it entered into an agreement (“the Agreement”) with Greenle Partners LLC Series Alpha P.S. (“Greenle Alpha”) and Greenle Partners LLC Series Beta P.S. (“Greenle Beta” and, together with Greenle Alpha, “Greenle”), the holders of its’ senior secured convertible notes (“Convertible Notes”), that eliminates the approximately $2.6 million of remaining debt owed by the Company to Greenle associated with financing agreements entered into prior to the Company’s initial public offering.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City’s Times Square: The Hotel at Times Square and Hotel 46 Times Square. Each of these properties will operate under the Company’s LuxUrban brand.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today that on May 21, 2023 it entered into an agreement with its pre-IPO investors that will eliminate an estimated $87.5million in Revenue Share payments in exchange for a one-time issuance of 6,740,000 shares (the “Agreement Shares”) of the Company’s common stock subject to an extended lock up agreement.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today that it has signed a 25-year Master Lease Agreement (MLA), inclusive of two five-year options, to operate Hotel 57 in midtown Manhattan (“Hotel 57”). The Company expects to commence operations at Hotel 57 during the current second quarter of 2023.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 financial results for the first quarter ended March 31, 2023 (“Q1 2023”). Reported results include cash net income and EBITDA, which are non-GAAP measures and are accompanied by reconciliation tables in this release.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today that it has signed a 25-year Master Lease Agreement (MLA), inclusive of two five-year options, to operate the Condor Hotel in Williamsburg, Brooklyn (“Condor Hotel”). The Company also signed a 15-year MLA, inclusive of one five-year option, to operate the Trinity Hotel (“Trinity”) in Los Angeles, California.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today it will report financial results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 after the close of the stock market. The Company will host a conference call on Wednesday, May 10, 2023 at 10:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), 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, announced today that on April 16, 2023 it entered into an agreement with the holder of its’ senior secured convertible notes (“Convertible Notes”) totaling approximately $5 million. The terms of this agreement are designed to allow the Company, subject to the satisfaction of certain conditions, to eliminate all debt associated with the Convertible Notes and gain access to new equity capital through a mandatory conversion feature.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), 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 financial results for the full year ended December 31, 2022. Reported results include Adjusted cash net income, EBITDA, and Adjusted EBITDA, which are non-GAAP measures and are accompanied by reconciliation tables in this release.

LuxUrban Hotels Inc. (or “the Company”) (Nasdaq: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced it will report financial results for the fourth quarter and full year ended December 31, 2022 on Monday, March 27, 2023 after the close of the stock market. The Company will host a conference call on Tuesday, March 28, 2023 at 9:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it has signed an agreement with NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA), under which LuxUrban Hotels will become the preferred hotel partner for NusaTrip users traveling to the United States from Southeast Asia. The preferred partnership, which is expected to go live by the end of the 2023 first quarter, will include preferential ad placement for LuxUrban properties, reduced commissions, and bundled hotel/air travel offers with more than a dozen airlines, including China Airlines, Korean Air, Philippines Airlines, and British Airways.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it has entered into an amended Revenue Share Agreement (“RSA”) with its lenders that will immediately increase the Company’s growth capital by $5 million through the elimination and conversion of certain payment obligations. As a result, the Company is increasing 2023 EBITDA projections by $5 million.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it has signed separate, multi-year Master Lease Agreements (MLAs) to operate two short-term stay hotels: The O Hotel in downtown Los Angeles, CA via a 20-year MLA, inclusive of options; and 101 Bogart Street in Brooklyn, NY via a 10-year MLA.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that internationally renowned artist Bradley Theodore will serve as the Company’s first brand ambassador. The relationship will be built around Theodore’s bold, colorful, and iconic approach to art, and will feature the promotion of his original works through a variety of activities designed to enhance the LuxUrban experience.

LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it is reiterating full year 2022 net rental revenue and EBITDA guidance of $42-$46 million and $7-$9 million, respectively. The Company also announced that it expects to commence operations at The Tuscany in New York City and the Townhouse Hotel in Miami Beach the week of January 23, 2023. Each of these properties will be powered by the Company’s consumer facing LuxUrbanTM brand.

LuxUrban Hotels Inc. (or the “Company”) (NASDAQ: LUXH), which utilizes a long-term lease, asset-light, business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today executive promotions and an associated transition of leadership responsibilities.

LuxUrban Hotels Inc. (or “the Company”) (Nasdaq: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it has acquired the long-term rights to the Townhouse Hotel in South Beach, Florida via a 21-year Master Lease Agreement (“MLA”), inclusive of option. The Townhouse Hotel - which will be powered by the Company’s consumer facing LuxUrban™ brand - is expected to commence operations in December 2022.

LuxUrban Hotels Inc. (or the “Company”) (Nasdaq: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced financial results for the third quarter (“Q3 2022”) and nine months ended September 30, 2022.

LuxUrban Hotels Inc. (or “the Company”) (Nasdaq: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced it will report financial results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 after the close of the stock market. The Company will host a conference call on Tuesday, November 15, 2022 at 10:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. (or the “Company”) (NASDAQ: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today net revenue and EBITDA guidance for the years ending December 31, 2022 and 2023, and the engagement of a new credit card processing company that, among other benefits, will reduce processing fees by approximately 400 bps and result in the release to the Company of approximately $5.5 million in retained funds over the next 12 months.

LuxUrban Hotels Inc. (or “the Company”) (Nasdaq: LUXH), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today a strategic partnership with Rebel Hotel Company, a leading, full-service, technology-focused hospitality management company serving clients across the United States.