LuxUrban Hotels to Present at Upcoming Investor Conferences
10 Janvier 2024 - 10:30PM
Business Wire
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:
- The Sidoti Micro-Cap Virtual Investor Conference, being held
January 17-18, 2024. The Company’s presentation is scheduled for
11:30 am ET on January 18, 2024 and can be accessed live here. To
register for the presentation or one-on-ones, visit
www.sidoti.com/events. Registration is free and participants do not
need to be a client of Sidoti & Company LLC.
- The Sequire Investor Summit 2024, being held January 23-25,
2024 in San Juan, Puerto Rico. The presentation will not be
webcast. For more information about the Sequire Investor Summit,
including registration details, please visit the official event
website at https://puertorico.srax.com/.
LuxUrban Hotels Inc.
LuxUrban Hotels Inc. utilizes an asset-light business model to
lease entire hotels on a long-term basis and rent out hotel rooms
in the properties it leases to business and vacation travelers
through the Company’s online portal and third-party sales and
distribution channels. The Company currently manages a portfolio of
hotel rooms in New York, Washington D.C., Miami Beach, New Orleans
and Los Angeles. As of November 30, 2023, the Company had 2,032
hotel rooms under lease, including properties not yet available for
rent, and seeks to rapidly build its portfolio on favorable
economics through the acquisition of additional accommodations that
were dislocated or are underutilized as a result of the pandemic
and current economic conditions. In late 2021, the Company
commenced the process of winding down its legacy business of
leasing and re-leasing multifamily residential units, as it pivoted
toward its new strategy of leasing hotels. This transition has been
substantially completed.
Forward Looking
Statements
This press release contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995 (set forth in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended). The statements contained in this release that are not
purely historical are forward-looking statements. The
forward-looking information and forward-looking statements
contained in this press release are made as of the date of this
press release, and the Company does not undertake to update any
forward-looking information and/or forward-looking statements that
are contained or referenced herein, except in accordance with
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20240110284558/en/
Shanoop Kothari President, Co-Chief Executive Officer and Chief
Financial Officer LuxUrban Hotels Inc.
shanoop@luxurbanhotels.com
Devin Sullivan Managing Director The Equity Group Inc.
dsullivan@equityny.com
Conor Rodriguez, Analyst crodriguez@equityny.com
LuxUrban Hotels (NASDAQ:LUXH)
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