Miami, May 9, 2024–(Business Wire)–LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company that leases entire existing hotels on a long-term basis and rents out hotel rooms to business and leisure travelers, today announced its financial results for the first quarter ended March 31, 2024. We have announced that we will report on Monday, March 13th. After the stock market closes. The Company plans to hold a conference call on Tuesday, May 14, 2024 at 9:00 a.m. Eastern Time to discuss the results.
Investors interested in participating in the live call should dial the number below.
A simultaneous webcast of the conference call will be accessible online through the Events & Presentations section of the Investor Relations page of our website at www.luxurbanhotels.com. You can pre-register for the webcast using this link: https://events.q4inc.com/attendee/373952880.
Lux Urban Hotels Co., Ltd.
LuxUrban Hotels Inc. secures long-term operating rights to entire hotels through master lease agreements (MLAs) and rents hotel rooms on a short-term basis to business and leisure travelers. We are taking advantage of the disruption in the commercial real estate market and the high debt maturity obligations placed on these assets due to the lack of options available to owners of these assets. We are strategically building a hotel real estate portfolio. LuxUrban's MLA allows the owner to retain assets and retain equity value while LuxUrban operates and owns the cash flow of the operating business for the life of his MLA.
Forward-looking statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934). It is. (as modified). Statements contained in this release that are not purely historical are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions and strategies regarding the future. Additionally, statements that make predictions, projections or other characterizations of future events or conditions, including underlying assumptions, are forward-looking statements. Common terms include “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “could,” and “plan.” The words “,'', “could'', “could'', “anticipate'', “plan'', “should'', “will'', and similar expressions refer to future may be identified as forward-looking statements, but the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements in this release include, for example, our anticipated property openings, anticipated completion of notable lease transactions, our ability to continue to complete additional leases of properties in our pipeline, and our ability to May include statements regarding expected competencies. To efficiently and profitably commercialize leased and future leased properties. The forward-looking statements contained in this release are based on our current expectations and beliefs regarding future developments and their potential impact on the Company. There can be no assurance that future developments will be as anticipated. These forward-looking statements are subject to a number of risks, uncertainties, some of which may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. (beyond our control) or are subject to other assumptions. The caption “Risk Factors” in the Company's public filings with the SEC, including Item 1A of the Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 15, 2024. and updates to those factors in subsequent quarterly reports on Form 10-Q or other public filings with the SEC. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not intend to update any forward-looking information and/or forward-looking statements contained herein. No obligation. However, they are referenced herein except in accordance with applicable securities laws.
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contact address
Shanup Kothari
Chief Executive Officer and Acting Chief Financial Officer
Lux Urban Hotels Co., Ltd.
shanoop@luxurbanhotels.com
Devin Sullivan
President
The Equity Group Co., Ltd.
dsullivan@equityny.com
Connor Rodriguez, Analyst
crodriguez@equityny.com
