Welcome to our dedicated page for LuxUrban Hotels news (Ticker: $LUXH), a resource for investors and traders seeking the latest updates and insights on LuxUrban Hotels stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LuxUrban Hotels's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LuxUrban Hotels's position in the market.
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LuxUrban Hotels appoints Andrew Schwartz to the Board of Directors. Schwartz brings nearly 30 years of experience in capital markets to the company. LuxUrban aims to enhance its internal capabilities and support long-term growth with strategic appointments.
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End-of-Day
9.07%
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LuxUrban Hotels appoints Elan Blutinger as Non-Executive Chairman of the Board of Directors, succeeding Brian Ferdinand. The Company aims to strengthen industry representation and governance, with a focus on growth and shareholder value. Elan Blutinger, an experienced travel and hospitality executive, is set to lead LuxUrban through its next phase of expansion.
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Rhea-AI Sentiment
End-of-Day
9.07%
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Rhea-AI Summary
LuxUrban Hotels Inc. reported a significant increase in net rental revenue by 159% to $113.4 million for FY 2023. The company's EBITDA rose by 78% to $25.3 million, with adjusted EBITDA increasing by 109% to $29.8 million. Despite a net loss of $78.5 million, which included non-cash charges and non-recurring costs, LuxUrban Hotels Inc. remains optimistic about its future growth and strategic expansion plans.
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End-of-Day
-18.63%
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LuxUrban Hotels Inc. reported strong financial results for Q4 2023 and full year 2023, with significant increases in net rental revenue, EBITDA, and adjusted EBITDA. The company highlighted its transformative year, strategic growth objectives, and collaboration with Wyndham Hotels & Resorts. LuxUrban also discussed surrendering underperforming properties and enhancing its working capital profile for 2024. The company entered into a surety bond agreement to secure future leases and provided an update on its 2024 guidance and enhanced audit procedures.
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End-of-Day
-29.91%
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LuxUrban Hotels Inc. appoints Kimberly K. Schaefer, a veteran in real estate and hospitality, to its Board of Directors. The company utilizes an asset-light business model in partnership with Wyndham Hotels & Resorts to lease entire hotels on a long-term basis. LuxUrban aims to secure the long-term operating rights for hotels through Master Lease Agreements, benefiting from dislocations in commercial real estate markets.
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Rhea-AI Sentiment
End-of-Day
4.05%
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Rhea-AI Summary
LuxUrban Hotels Inc. (LUXH) announces financial results for Q4 and full year 2023. The company, utilizing an asset-light model in partnership with Wyndham Hotels & Resorts, will host a conference call on March 27, 2024, to discuss the results.
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LuxUrban Hotels Inc. appoints Robert Arigo as Chief Operating Officer, leveraging his 35 years of experience in the hotel and hospitality industry. The company, operating with an asset-light model, partners with Wyndham Hotels & Resorts to lease entire hotels long-term. Arigo's role focuses on enhancing operations, supply chain relationships, customer experience, and revenue opportunities. LuxUrban aims for continued growth and expansion, restructuring its organization to reflect future plans and industry representation.
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Rhea-AI Sentiment
End-of-Day
-5.6%
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Rhea-AI Summary
LuxUrban Hotels Inc. (LUXH) appoints Elan Blutinger as an independent member of the Board of Directors, enhancing industry representation and governance profile. The company, utilizing an asset-light model, partners with Wyndham Hotels & Resorts for long-term lease agreements, marketing, and operational support.
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Rhea-AI Sentiment
End-of-Day
-3.07%
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LuxUrban Hotels Inc. (LUXH) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock, with a dividend per share of $0.270833. The record date is February 15, 2024, and the payment date is February 29, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. LuxUrban is focused on building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. The company also benefits from its partnership with Wyndham Hotels & Resorts, gaining competitive advantages including joint branding, capital allocation, and ongoing customer support and training.
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End-of-Day
-6.86%
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LuxUrban Hotels Inc. (Nasdaq: LUXH) will host its Investor Day on February 6, 2024, in New York City. The event will be accessible via webcast and will focus on the company's asset-light business model, long-term lease agreements for hotels, and partnership with Wyndham Hotels and Resorts.
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Rhea-AI Sentiment
End-of-Day
2.28%
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LuxUrban Hotels Inc.