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LuxUrban Hotels Inc - LUXH STOCK NEWS

Welcome to our dedicated news page for LuxUrban Hotels (Ticker: LUXH), a resource for investors and traders seeking the latest updates and insights on LuxUrban Hotels.

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.

News
LuxUrban Hotels Inc. Announces 2023 Financial Results
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.63%
Tags
earnings
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News
LuxUrban Hotels Inc. Provides Preliminary Unaudited 2023 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.91%
Tags
earnings
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News
LuxUrban Hotels Appoints Kimberly K. Schaefer, Former CEO of Great Wolf Resorts, to Board of Directors
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.05%
Tags
management
News
LuxUrban Hotels Schedules 2023 Fourth Quarter and Full Year Financial Results and Conference Call
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
LuxUrban Hotels Names Robert Arigo Chief Operating Officer
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.6%
Tags
none
-
News
LuxUrban Hotels Appoints Travel and Hospitality Industry Veteran Elan Blutinger to Board of Directors
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
management
News
LuxUrban Hotels Declares Dividend on 13.00% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.86%
Tags
dividends
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News
LuxUrban Hotels to Host Investor Day on February 6, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
conferences
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News
LuxUrban Hotels to Operate James NoMad Hotel in New York City
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH) has signed a 15-year Master Lease Agreement to operate The James NoMad Hotel in New York City, which will be rebranded as The J Hotel by LuxUrban, a Wyndham Grand® Hotel. LuxUrban's largest operating rights acquisition to date, the historic 353-room property is expected to be taken over by the company and open to guests by March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.93%
Tags
none
News
LuxUrban Hotels Responds to Inaccurate and Misleading Short Seller Report
Rhea-AI Summary
LuxUrban Hotels Inc. responds to allegations in a short sale report, denying claims and emphasizing the value-creating initiatives well underway. The company is set to welcome guests at The Royalton by LuxUrban and has a good working relationship with its landlords. The short seller's report is criticized for containing inaccuracies and speculation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.95%
Tags
none
Stock LUXH logo
LuxUrban Hotels Inc

Nasdaq:LUXH

LUXH Rankings

#4771 Ranked by Market Cap
#29 Ranked by Stock Gains
N/A Ranked by Dividends

LUXH Stock Data

37.57M
4.80M
72.37%
17.77%
6.8%
Lodging
Consumer Cyclical
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United States
Miami