LuxUrban Hotels Announces First Quarter 2024 Financial Results and Conference Call

LuxUrban Hotels Inc. to Report First Quarter Financial Results on May 13, 2024

LuxUrban Hotels Inc., a leading hospitality company, is set to announce its financial results for the first quarter ended March 31, 2024, on Monday, May 13, 2024, after the close of the stock market. The company, listed on Nasdaq under the ticker symbol LUXH, will host a conference call the following day at 9:00 am Eastern Time to discuss the results.

LuxUrban Hotels Inc. operates by securing long-term operating rights for entire hotels through Master Lease Agreements (MLA) and renting out hotel rooms on a short-term basis to both business and vacation travelers. The company strategically acquires hotel properties in destination cities, taking advantage of the current dislocation in commercial real estate markets.

The forward-looking strategy of LuxUrban Hotels Inc. aims to capitalize on the large amount of debt maturity obligations in the commercial real estate sector, providing owners with an alternative to selling their assets. Through the MLA, owners can retain their equity value while LuxUrban operates and owns the cash flows of the hotel business for the duration of the agreement.

Investors interested in participating in the conference call can dial in to listen to the discussion. Additionally, a webcast of the call will be available on the Investor Relations page of the company’s website. The management team will provide insights into the financial performance of the company and discuss future growth prospects during the call.

For more information on LuxUrban Hotels Inc. and the upcoming financial results announcement, visit their website at www.luxurbanhotels.com.