LuxUrban Hotels Inc

LuxUrban Hotels Inc. engages in the acquisition and management of hotel units. The company is headquartered in Miami, FL.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

LuxUrban Hotels Inc reports mixed Q2 performance and eyes growth

LuxUrban Hotels Inc navigated challenges in Q2 while focusing on innovation and operational improvements.
Despite financial hurdles, the company's strategic initiatives and optimism about the future signal growth potential.
With a strong brand strategy, prime hotel locations, and a focus on financial sustainability, LuxUrban is poised for future success.

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LuxUrban Hotels Inc. engages in the acquisition and management of hotel units. The company was founded on December 13, 2019 and is headquartered in Miami, FL.

MIAMI, November 20, 2024 – PRISM MediaWire – LuxUrban Hotels Inc.

LuxUrban Hotels Inc. Signs A Non-Binding Letter of Intent for Proposed Joint Venture with Lockwood Development Partners LLC and The Bright Hospitality Management to Elevate Hotel Operations and Guest Experience

MIAMI, Nov. 20, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (Nasdaq: LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced its financial results for the third quarter ended September 30, 2024 (“Q3 2024”). The Company filed its quarterly report on Form 10-Q for Q3 2024 with the U.S. Securities and Exchange Commission on November 19, 2024.

LuxUrban Hotels Inc. Reports Third Quarter 2024 Financial Results

MIAMI, Nov. 15, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (Nasdaq: LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced that it will effectuate a one-for-seventy (1:70) reverse stock split of its common stock. This reverse stock split was approved by stockholders at the special meeting held on November 12, 2024, and will be effective at the opening of trading on November 20, 2024.

LuxUrban Hotels Inc. Announces Reverse Stock Split and Nasdaq Compliance Approval

LuxUrban Hotels Inc. (NASDAQ:LUXH ) Q2 2024 Results Conference Call September 25, 2024 5:00 PM ET Company Participants Adam Holdsworth - PCG Advisory Robert Arigo - Chief Executive Officer Mike James - Chief Financial Officer Conference Call Participants Jon Old - Long Meadow Investors Allen Klee - Maxim Group LLC Mike Wells - Private Investor Operator Good day, and welcome to the LuxUrban Hotels 2024 Second Quarter Conference Call. All participants will be in a listen-only mode.

LuxUrban Hotels Inc. (LUXH) Q2 2024 Earnings Call Transcript

Miami, Florida, September 25, 2024 – PRISM MediaWire – LuxUrban Hotels Inc. (Nasdaq: LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced its financial results for the second quarter ended June 30, 2024 (“Q2 2024”).

LuxUrban Hotels Inc. Reports Second Quarter 2024 Financial Results

Conference Call and Webcast to be held on September 25, 2024 at 5:00 PM ET MIAMI, Florida, September 25, 2024 – PRISM MediaWire – LuxUrban Hotels Inc.

LuxUrban Hotels to Host Webcast to Review the Financial Results for the Second Quarter of 2024

MIAMI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ: LUXH) today announced it has received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) on August 20, 2024 indicating that the Company is not currently in compliance with Nasdaq's Listing Rules (“the Listing Rules”) due to the Company's not timely filing its Form 10-Q for the period ended June 30, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”). The Notice does not immediately affect the listing or trading of the Company's securities. According to Listing Rule 5250(c)(1), the Company was required to file Form 10-Q by August 14, 2024 (the “Due Date”). The Company previously reported its inability to file Form 10-Q by the Due Date on a Form 12b-25 that the Company filed with the SEC on August 14, 2024.

LuxUrban Hotels Inc. Receives Nasdaq Listing Deficiency Notice

MIAMI, Aug. 13, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that it has closed the first tranche of a private offering (the “Notes Offering”) to sell up to $10 million aggregate principal amount of new senior secured convertible notes due 2027 (the "Notes") and common stock purchase warrants (“Note Warrants”) in one or more closings through August 30, 2024.

LuxUrban Hotels Closes First Tranche of Private Placement of Senior Secured Convertible Notes Due 2027 and Common Stock Purchase Warrants

LuxUrban Hotels (NASDAQ: LUXH ) stock is taking a beating on Monday after the home leasing and rental company priced a public offering of its shares. LuxUrban Hotels priced 11,573,333 shares of LUXH stock at 15 cents each in this public offering.

Why Is LuxUrban Hotels (LUXH) Stock Down 12% Today?

MIAMI, July 29, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that it has reached an agreement in principle with certain accredited investors to sell up to $5.0 million aggregate principal amount of new senior notes due 2027 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

LuxUrban Hotels Announces Agreement in Principle to Issue Up to $5.0 Million Senior Notes Due 2027

MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the pricing of its previously announced public offering of 11,573,333 shares of common stock at a price of $0.15 per share. The underwriters were granted an over-allotment option for up to an additional 15% of the shares of common stock sold in this offering.

LuxUrban Hotels Announces Pricing of Public Offering of Securities

MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the launch of a proposed follow-on public offering of shares of its common stock. The Company also intends to grant the underwriters a 45-day option to purchase up to an additional 15% of the shares of common stock sold in this offering.

LuxUrban Hotels Launches Proposed Public Offering of Securities

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MIAMI, July 18, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that the underwriter of its underwritten public offering has exercised its over-allotment option in full to purchase an additional 4,500,000 shares of the Company's common stock at the public offering price of $0.17 per share.

LuxUrban Hotels Announces Full Exercise of Over Allotment Option

MIAMI, July 17, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced a significant milestone. This new formula for hotel owners provides stability for their real estate assets in the current unique economic environment.

LuxUrban Hotels Announces the Launch of LUX 2.0

MIAMI, July 16, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the closing of its underwritten public offering of 30,000,000 shares of common stock at a public offering price of $0.17 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $5,100,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 4,500,000 additional shares of common stock at the public offering price, less the underwriting discounts.

LuxUrban Hotels Announces Closing of Public Offering of Securities

MIAMI, June 27, 2024 (GLOBE NEWSWIRE) -- 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 Patrick McNamee as an independent member of the Company's Board of Directors (“Board”), effective June 27, 2024. The Company also announced that Brian Ferdinand has resigned from the Board.

LuxUrban Hotels Appoints Patrick McNamee to Board of Directors

MIAMI, June 18, 2024 (GLOBE NEWSWIRE) -- 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 issued a Letter to Shareholders from Chief Executive Officer Robert Arigo.

LuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert Arigo

MIAMI--(BUSINESS WIRE)--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 acc.

LuxUrban Hotels Names Robert Arigo Chief Executive Officer

MIAMI--(BUSINESS WIRE)--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. Mr. Lombardo has more than 20 years of experience in the areas of corporate finance and accounting, project finance,.

LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of Directors

MIAMI--(BUSINESS WIRE)--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. Mr. James brings more than four decad.

LuxUrban Hotels Appoints Michael James Chief Financial Officer

MIAMI--(BUSINESS WIRE)--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. The Special Committee is charged with evaluating potential strategic.

LuxUrban Hotels Announces Formation of Special Committee to Review Strategic Initiatives

LuxUrban Hotels Inc. (NASDAQ:LUXH ) Q1 2024 Earnings Call Transcript May 14, 2024 9:00 AM ET Company Participants Devin Sullivan - MD of The Equity Group Shanoop Kothari - CEO Robert Arigo - COO Conference Call Participants Derek Greenberg - Maxim Group Matthew Erdner - Jones Trading Nehal Chokshi - Northland Capital Markets Daniel Kurnos - Benchmark Tom Kerr - Zacks Investment Research Operator Ladies and gentlemen, thank you for standing by. Welcome everyone to the LuxUrban Hotels Inc. First Quarter 2024 Financial Results Conference Call.

LuxUrban Hotels Inc. (LUXH) Q1 2024 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--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-.

LuxUrban Hotels Inc. Announces 2024 First Quarter Financial Results

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