Luxurban Hotels Stock Price, News & Analysis

LuxUrban Hotels Inc. (Nasdaq: LUXHP – 13.00% Series A Cumulative Redeemable Preferred Stock) is a hospitality company in the lodging industry that focuses on leasing and operating entire hotels. According to the company’s public disclosures, LuxUrban uses an asset-light business model in which it secures long-term operating rights to hotels through Master Lease Agreements (MLAs) and then rents out rooms on a short-term basis to business and vacation travelers. The company’s activities place it within the Consumer Cyclical sector.

Business Model and Operations

LuxUrban states that it leases entire existing hotels on a long-term basis and then rents rooms in those hotels to travelers. These rooms are marketed and booked through the company’s own online portal as well as third-party sales and distribution channels. The company describes its approach as asset-light because it focuses on securing operating rights rather than owning the underlying real estate.

Under its MLAs, LuxUrban explains that hotel owners and landlords can retain ownership of their properties and their equity value, while LuxUrban operates the hotel business and owns the cash flows of the operating business for the life of the MLA. In some communications, the company also notes that it offers a Triple Net Lease option, which it characterizes as providing hotel owners with fixed, stable, and financeable cash flow while LuxUrban manages operations.

Portfolio Focus and Markets

The company reports that it is building a portfolio of hotel properties in destination cities. In recent investor and news materials, LuxUrban has stated that it manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles. It also notes that some rooms under lease may not yet be available for rent at any given time.

LuxUrban has indicated that it seeks to expand its portfolio on what it considers favorable economics by acquiring operating rights to accommodations that have been dislocated or underutilized, including as a result of the pandemic and broader commercial real estate conditions. The company has also discussed a focus on higher-quality 3.5-star to 4.5-star hotel properties under long-term MLAs as part of its growth priorities.

Commercial Real Estate Context

In its public statements, LuxUrban describes its strategy as capitalizing on dislocation in commercial real estate markets and on a large volume of debt maturities affecting hotel and related assets. The company positions its MLA structure as an option for hotel owners who may face limited alternatives as their debt obligations come due. By taking on the operating rights and day-to-day hotel operations, LuxUrban seeks to provide owners with a means to maintain ownership while shifting operating responsibilities and cash flow variability to LuxUrban.

Partnership with Wyndham Hotels & Resorts

LuxUrban highlights a collaboration with Wyndham Hotels & Resorts, which it identifies as the largest hotel company in the world by number of rooms. According to LuxUrban’s disclosures, this partnership provides several benefits, including:

• Joint branding for marketing, sales, and distribution of its hotels.
• Capital allocation support from Wyndham for each hotel that LuxUrban brings into its portfolio under the collaboration.
• Ongoing customer support and training across the LuxUrban portfolio.

The company has also referenced a Wyndham platform transition for its initial hotels, during which rooms were temporarily unavailable for rent while being onboarded to Wyndham’s systems. LuxUrban characterizes this as a one-time event associated with integrating properties into the Wyndham brand and operating platform.

Evolution of the Business

LuxUrban has publicly stated that, in late 2021, it began winding down a legacy business that involved leasing and re-leasing multifamily residential units. The company describes this as a pivot toward its current hotel-focused strategy, and notes that this transition has been substantially completed. As part of this shift, LuxUrban has recorded various costs and non-cash items associated with exiting the apartment rental business and restructuring underperforming hotel properties.

The company has also described actions such as the surrender of certain underperforming hotel leases and decisions not to proceed with some previously agreed MLAs when specified conditions, such as repairs by landlords, were not met. These steps are presented by the company as efforts to reduce operational drag and align its portfolio with its strategic focus on properties that meet its performance and quality criteria.

Preferred Stock and Capital Structure

The ticker LUXHP refers to LuxUrban Hotels Inc.’s 13.00% Series A Cumulative Redeemable Preferred Stock. The company has issued press releases announcing monthly cash dividends on this preferred stock, specifying dividend per share amounts, record dates, and payment dates. These communications underscore that the Series A preferred is cumulative and redeemable, and that it trades on Nasdaq under the symbol LUXHP.

LuxUrban has also discussed the use of preferred stock offerings and other capital market transactions as part of its capital structure and funding strategy. In addition, the company has referenced a master collateral trust agreement that provides access to surety bonds intended to support deposit requirements under long-term hotel leases.

Financial Metrics and Non-GAAP Measures

In its financial communications, LuxUrban reports traditional GAAP results and also emphasizes several non-GAAP metrics, including EBITDA, Adjusted EBITDA, cash net income, and adjusted cash net income. The company provides definitions for these measures, generally describing them as net income or loss adjusted for items such as income taxes, interest and financing costs, non-cash compensation, non-cash rent amortization, depreciation and amortization, non-cash financing costs, and certain costs associated with exiting legacy businesses or specific transitions.

LuxUrban states that its management uses these non-GAAP metrics to evaluate and manage the business, assess historical performance, and make operating and strategic decisions. The company also notes that these measures are intended as supplemental information and are not a substitute for GAAP metrics, and that they may not be directly comparable to similarly titled measures used by other companies.

Key Operating Concepts

In addition to revenue and earnings measures, LuxUrban references several operating metrics and concepts in its disclosures, including:

• Net rental revenue, reflecting revenue from renting hotel rooms under its MLAs.
• Total RevPAR (TRevPAR), defined by the company as total revenue per available room, inclusive of room rates, ancillary fees (such as resort fees, early/late check-in, baggage fees, certain parking fees, upgrade fees), cancellation fees, taxes and other pass-through expenses, and miscellaneous income, divided by average available rooms for a given period.
• RevPAR (revenue per available room), used in some periods as a measure of room revenue performance.
• Units or rooms under lease and available for rent, and properties under long-term Master Lease Agreements, which the company tracks as indicators of portfolio scale.

LuxUrban has also discussed estimated property-level breakeven TRevPAR ranges across its portfolio, and has indicated that it monitors these metrics to understand the performance and economics of its hotel operations.

Delisting of Securities from Nasdaq

According to a Form 25 (Notification of Removal from Listing and/or Registration) filed with the U.S. Securities and Exchange Commission, Nasdaq Stock Market LLC certified the removal from listing and/or registration of LuxUrban Hotels Inc.’s common stock and 13.00% Series A Cumulative Redeemable Preferred Stock from Nasdaq under Section 12(b) of the Securities Exchange Act of 1934. The Form 25 identifies LuxUrban Hotels Inc. as the issuer and Nasdaq as the exchange, and specifies that the securities affected include the common stock and the 13.00% Series A preferred stock. This filing confirms that these classes of securities were delisted from Nasdaq. The Form 25 does not, by itself, describe whether or where the securities may trade after delisting.

Corporate Governance Developments

In a Form 8-K filed with the SEC, LuxUrban reported that on June 25, 2025, a member of its Board of Directors who was also serving as interim Chief Executive Officer resigned from the Board and from the interim CEO position, effective immediately. The filing states that the resignation was not the result of any disagreement with the company on matters relating to operations, policies, or practices, and notes that the individual remained an investor and intended to continue supporting the company in that capacity.

Company Status and Investor Considerations

Based on the available regulatory filings, LuxUrban Hotels Inc. has had both its common stock and its 13.00% Series A Cumulative Redeemable Preferred Stock removed from listing on Nasdaq through a Form 25 filing. These filings do not provide a complete picture of any subsequent trading venue or corporate actions, and they do not, by themselves, indicate whether the company continues to operate its hotel business in the same manner. Investors researching the LUXHP preferred stock should review the company’s most recent SEC filings, including Forms 10-K, 10-Q, 8-K, and any additional notices, to understand the current status of the securities and the issuer.

Summary

In summary, LuxUrban Hotels Inc. is a lodging-sector company in the Consumer Cyclical space that focuses on long-term leasing and operation of entire hotels under an asset-light model. It rents rooms on a short-term basis to business and vacation travelers, operates under Master Lease Agreements that separate property ownership from hotel operations, and has formed a notable partnership with Wyndham Hotels & Resorts. The LUXHP ticker represents the company’s 13.00% Series A Cumulative Redeemable Preferred Stock, which, along with the company’s common stock, has been subject to a Nasdaq delisting as documented in a Form 25 filing. All investors should rely on the latest official filings and disclosures for the most up-to-date information on LuxUrban’s capital structure and operations.