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.
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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.
Rhea-AI Impact
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End-of-Day
-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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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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-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. (LUXH) will participate in the 2023 Jefferies Real Estate Conference in Miami Beach, FL. 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 8, 2023, the company had 2,032 hotel rooms under lease and seeks to rapidly build its portfolio through the acquisition of additional accommodations. LuxUrban Hotels Inc. has transitioned from leasing multifamily residential units to leasing hotels.
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End-of-Day
2.01%
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LuxUrban Hotels Inc. (Nasdaq: LUXH) announced a non-dilutive financing agreement of up to $10 million, sponsored by the Company’s Chairman and Co-Chief Executive Officer, Brian Ferdinand. The 36-month unsecured advancing term promissory note bears interest at a rate of 1% annually, is prepayable, has no penalties, and must be used for growth capital. The Note will be funded through the sale of shares of the Company’s common stock controlled by Mr. Ferdinand. The proceeds will be used to fund the Note and accelerate the Company’s ability to build density in existing markets and enter new destination locations. The financing is not required to achieve the Company’s previously issued 2023 and 2024 guidance with respect to net rental revenue, EBITDA, and hotel rooms under long-term Master Lease Agreements.
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End-of-Day
-0.98%
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) declares the initial monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend per share is $0.315972, with a record date of November 27, 2023, and a payment date of November 30, 2023. LuxUrban Hotels Inc. 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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News
Rhea-AI Summary
LuxUrban Hotels Inc. (Nasdaq: LUXH) Launches Amazon Alexa Voice Experience Pilot Program in Three Hotels
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3.03%
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LuxUrban Hotels Inc. (Nasdaq: LUXH) to present at Sidoti Micro-Cap Virtual Investor Conference on November 15-16, 2023. 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 hotel rooms in New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, with 2,032 hotel rooms under lease as of November 8, 2023. The company seeks to rapidly expand its portfolio through the acquisition of additional accommodations affected by the pandemic and current economic conditions.
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End-of-Day
6.82%
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announced Q3 2023 financial results, reporting a net rental revenue increase to $31.2 million from $11.6 million, a net income improvement to $4.9 million, and EBITDA rise to $8.4 million. The company also raised its net rental revenue and EBITDA guidance for 2023 and 2024.
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Rhea-AI Sentiment
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7.5%
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LuxUrban Hotels Inc.