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.
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.
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End-of-Day
-3.93%
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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.
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-9.95%
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Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH) completes 2024 Capital Plan, expects to welcome guests to The Royalton by LuxUrban, Trademark Collection® by Wyndham on or before January 30, 2024. The company raised approximately $7 million via a public offering of 13.00% Series A Cumulative Redeemable Preferred Stock and enhanced Key Money financing program with Wyndham Hotels & Resorts. LuxUrban plans to accelerate growth and expects to have 3,500-4,000 hotel rooms available for rent under long-term Master Lease Agreements by the end of the first quarter of 2024.
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3.58%
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) will participate in the Sidoti Micro-Cap Virtual Investor Conference on January 18, 2024, and the Sequire Investor Summit 2024 on January 23-25, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in major metropolitan cities.
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End-of-Day
-11.91%
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announces monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock. Dividend per share $0.270833. 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. As of November 30, 2023, the Company had 2,032 hotel rooms under lease in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.
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Rhea-AI Sentiment
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5.49%
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LuxUrban Hotels Inc. (Nasdaq: LUXH) will host an Investor Day on February 6, 2024, in New York City. The event will feature presentations by the company's leadership team and industry partners. LuxUrban utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key metropolitan cities. The company currently manages a portfolio of hotel rooms in major cities and seeks to rapidly expand its portfolio. LuxUrban has transitioned from leasing multifamily residential units to leasing hotels.
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-7.8%
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend per share is $0.270833, with a record date of December 15, 2023, and a payment date of January 2, 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 currently manages a portfolio of 2,032 hotel rooms in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, and seeks to expand its portfolio through the acquisition of additional accommodations affected by the pandemic and current economic conditions.
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-4.69%
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LuxUrban Hotels Inc. (Nasdaq: LUXH) has announced the cancellation of a financing arrangement and is in active discussions with its partner, Wyndham Hotels & Resorts, Inc., regarding Development Incentive Advances. The Chairman and Co-CEO has ceased further sales of the company's common stock, and the company is focusing on expanding its industry presence and portfolio of hotel rooms.
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End-of-Day
8.21%
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Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH) will participate in the 19th Annual Noble Capital Markets Emerging Growth Equity Conference on December 4, 2023. The company utilizes an asset-light business model to lease entire hotels and rent out hotel rooms in key major metropolitan cities. As of November 30, 2023, the company had 2,032 hotel rooms under lease and seeks to rapidly build its portfolio through the acquisition of additional accommodations dislocated or underutilized due to the pandemic and current economic conditions.
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End-of-Day
-6.76%
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LuxUrban Hotels Inc. (Nasdaq: LUXH) has signed 25-year Master Lease Agreements to operate two new boutique hotels in New York City: The Royalton Hotel and the Truss Hotel. The Royalton by LuxUrban is a 168-room boutique property near Times Square, and the Truss Hotel by LuxUrban offers 86 sleek and upscale rooms near Times Square. The company also has a robust pipeline of hotel properties and seeks to have approximately 6,000 hotel rooms under Master Lease Agreements by June 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.76%
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LuxUrban Hotels Inc.