LuxUrban Hotels Inc. Schedules 2023 Second Quarter Financial Results and Conference Call
July 24 2023 - 4:59PM
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 second quarter ended June 30, 2023 on
Tuesday, August 8, 2023 after the close of the stock market. The
Company will host a conference call on Wednesday, August 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 March 31, 2023, the company has 1,034 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/20230724960590/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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