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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.

Rhea-AI Summary
LuxUrban Hotels (Nasdaq: LUXH) has entered into an agreement with Greenle Partners to eliminate $2.6 million of debt. The company has retired all of its $9.8 million of senior secured debt with Greenle in 2023. Under the agreement, Greenle will convert the remaining Convertible Notes into 1.3 million shares of Common Stock and the company will register warrants owned by Greenle to purchase 1,000,000 and 250,000 shares of Common Stock, respectively.
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-7.37%
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1.77%
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Rhea-AI Summary
LuxUrban Hotels Inc. has entered into an agreement that eliminates $87.5 million in Revenue Share payments in exchange for issuing 6,740,000 shares of common stock. The company is increasing its EBITDA forecast for 2023 to $25-30 million and initiating 2024 net rental revenue and EBITDA guidance of $220-240 million and $48-60 million, respectively. The agreement is expected to improve cash position, access to growth capital, increase margins, and future cash flows.
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7.14%
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-2.39%
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-9.21%
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-3.32%
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-3.27%
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LuxUrban Hotels Inc.

Nasdaq:LUXH

LUXH Rankings

LUXH Stock Data

36.38M
4.80M
72.37%
17.77%
6.8%
Lodging
Consumer Cyclical
Link
United States of America
MIAMI