LuxUrban Hotels Inc. Schedules 2023 Third Quarter Financial Results and Conference Call
October 27 2023 - 7:00AM
Business Wire
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.
Investors interested in participating in the live call can
dial:
- (877) 407-9753 - U.S.
- (201) 493-6739 - International
A simultaneous webcast of the call may be accessed online from
the Events & Presentations section of the Investor Relations
page 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 the date of this release, the company has
approximately 1,625 hotel rooms 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/20231027779329/en/
LuxUrban Hotels Inc. Shanoop Kothari President & Chief
Financial Officer shanoop@luxurbanhotels.com
The Equity Group Inc. Devin Sullivan, Managing Director
dsullivan@equityny.com
Conor Rodriguez, Analyst crodriguez@equityny.com
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