LuxUrban Hotels Results
LuxUrban Hotels Inc. Announces Record 2023 Second Quarter Financial Results
Net Rental Revenue Rose to $31.9 Million from $10.2 Million
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LuxUrban Hotels News
Hotel Development Manhattan
LuxUrban Hotels Signs Master Lease Agreements to Operate Two Hotels in New York City's Times Square
LuxUrban Hotels Inc. (Nasdaq: LUXH) 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.
LuxUrban Hotels Development Update
LuxUrban Hotels Acquires Future Revenue Share Payment Obligations From its Pre-IPO Investors
Agreement Expected to Significantly Improve Cash Position, Access to Growth Capital, Increase Margins, and Future Cash Flows
Hotel Development Manhattan
LuxUrban Hotels Signs Master Lease Agreement for Hotel 57 in Midtown Manhattan
The Company expects to commence operations at Hotel 57 during the current second quarter of 2023.
LuxUrban Hotels Development Update
LuxUrban Hotels to Operate the Condor Hotel in Williamsburg, Brooklyn and the Trinity Hotel in Los Angeles, California
The Company expects to commence operations at the Condor Hotel and Trinity on or about July 1, 2023. In total, these new properties will add 214 units to the Company’s portfolio of short-stay hotel rooms.
LuxUrban Hotels Results
LuxUrban Hotels Inc. Announces Record 2022 Financial Results
2022 Net Rental Revenue Rose 105% to $43.8 Million from $21.4 Million in 2021
Hotel Opening Miami
LuxUrban Hotels Opens The Tuscany in New York City and Townhouse Hotel in Miami
LuxUrban Hotels Inc. Reiterates 2022 Full Year Net Rental Revenue and EBITDA Guidance
Management Appointment LuxUrban Hotels
LuxUrban Hotels Announces Executive Promotions and Transition
Shanoop Kothari, the Company’s Chief Financial Officer since January 2022, assumed the added responsibility of President of the Company effective November 30, 2022. Jimmie Chatmon, who has served as Executive Vice President since November 2017 and as a director of the Company since November 2021, was promoted to Chief Operating Officer effective November 30, 2022.
Hotel Transaction Miami
The Townhouse Hotel in Miami Beach Sold
LuxUrban Hotels Inc. (Nasdaq: LUXH) 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, inclusive of option.
LuxUrban Hotels Results
LuxUrban Hotels Inc. Announces 2022 Third Quarter Financial Results
Record Quarterly Net Rental Revenue of $11.6 Million - Significant Increases in Gross Profit, RevPAR, and Occupancy Rates