LuxUrban Hotels Inc. (LUXH)
OTC PINK OTC PINK Primary Summary
LUXH Chart
LuxUrban Hotels Strategically Transitions to OTC Market to Accelerate Growth and Profitability
MIAMI, Fl., January 16, 2025 – PRISM MediaWire – LuxUrban Hotels Inc. (OTC: LUXH) (the “Company” or “LuxUrban”), recently transitioned from the Nasdaq to the OTC market as part of a deliberate strategy to enhance operational efficiency, reduce costs, and focus on key business priorities.
Bronstein, Gewirtz & Grossman, LLC Is Investigating LuxUrban Hotels, Inc. (LUXH) And Encourages Shareholders to Connect
NEW YORK CITY, NY / ACCESSWIRE / January 15, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of LuxUrban Hotels, Inc. ("LuxUrban Hotels" or "the Company") (NASDAQ:LUXH). Investors who purchased LuxUrban Hotels securities prior to November 8, 2023, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LUXH.
LuxUrban Issues Corporate update and 2025 Revenue Guidance of $62–$67 million
MIAMI, Jan. 15, 2025 – PRISM MediaWire – LuxUrban Hotels Inc.
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LuxUrban Hotels Inc. Profile
| Financial Services Industry | Financials Sector | Brandon Elster CEO | OTC PINK Exchange | 21985R105 CUSIP |
| US Country | 357 Employees | - Last Dividend | - Last Split | 12 Aug 2022 IPO Date |
Overview
LuxUrban Hotels Inc., having evolved from its former identity as CorpHousing Group Inc. in November 2022, operates within the hospitality industry utilizing a strategic asset-light business model. This innovative approach involves the long-term leasing of entire hotels and subsequently renting out the individual rooms within these properties. Since its establishment in 2017, LuxUrban Hotels Inc. has successfully curated a diversified portfolio of hotel rooms, strategically located in key urban markets across the United States, including New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles. The company is strategically headquartered in Miami, Florida, facilitating efficient management and expansion of its services within the major U.S. cities.
Products and Services
- Long-term Hotel Leasing
- Hotel Room Rentals
LuxUrban Hotels Inc. specializes in acquiring entire hotel properties on a long-term lease basis. This approach allows for a streamlined operation, minimizing capital expenditures typically associated with property ownership, thus enabling a focus on service quality and customer experience within its leased properties.
At the core of LuxUrban Hotels Inc.'s offerings are the hotel room rentals within their leased properties. Catering to both leisure and business travelers, the company provides accommodation options across several key markets: New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles. These vibrant cities are chosen for their high tourist footfall and business travel demand, ensuring high occupancy rates and sustainable revenue streams.
