Save the Date: LuxUrban Hotels to Host Investor Day on February 6, 2024
18 Dezember 2023 - 2:00PM
Business Wire
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.
Registration will commence at 12:30 pm ET, and the event will
run from 1:00 pm – 3:30 pm ET.
The Investor Day program will feature presentations led by Brian
Ferdinand, Chairman and Co-Chief Executive Officer and Shanoop
Kothari, President, Co-Chief Executive Officer, and Chief Financial
Officer, and include senior members of the Company’s leadership
team and strategic and industry partners. Additional information
will be available in the coming weeks. You may RSVP by sending an
email to crodriguez@equityny.com using the subject: LUXH Investor
Day.
Presentations and a live webcast, including question and answer
sessions will be made available on the day of the event on the
Investor Relations section of the company’s website, at
www.luxurbanhotels.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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231218908496/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
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