Date | Price Target | Rating | Analyst |
---|---|---|---|
5/6/2024 | Outperform → Market Perform | Northland Capital |
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
3 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
MIAMI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH) today announced it has received a notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") on August 20, 2024 indicating that the Company is not currently in compliance with Nasdaq's Listing Rules ("the Listing Rules") due to the Company's not timely filing its Form 10-Q for the period ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission ("SEC"). The Notice does not immediately affect the listing or trading of the Company's securities. According to Listing Rule 5250(c)(1), the Company was required to file Form 10-Q by August 14, 2024 (the "Due Date"). The Company previously rep
MIAMI, Aug. 13, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that it has closed the first tranche of a private offering (the "Notes Offering") to sell up to $10 million aggregate principal amount of new senior secured convertible notes due 2027 (the "Notes") and common stock purchase warrants ("Note Warrants") in one or more closings through August 30, 2024. The first tranche closing occurred on August 13, 2024 and gene
MIAMI, July 29, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that it has reached an agreement in principle with certain accredited investors to sell up to $5.0 million aggregate principal amount of new senior notes due 2027 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The offering of the Notes is subject to the execution of definitive agr
MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the pricing of its previously announced public offering of 11,573,333 shares of common stock at a price of $0.15 per share. The underwriters were granted an over-allotment option for up to an additional 15% of the shares of common stock sold in this offering. Alexander Capital, L.P. is acting as sole book-running manager for the offering. The offering is e
MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced the launch of a proposed follow-on public offering of shares of its common stock. The Company also intends to grant the underwriters a 45-day option to purchase up to an additional 15% of the shares of common stock sold in this offering. All of the shares of common stock are being offered by the Company pursuant to a shelf registration statement on Form S-3 (No.
MIAMI, July 24, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today provided the following update. In early June 2024, LuxUrban changed its "go to market revenue management strategies" which is producing favorable results. The bullet points presented below reflect these favorable results on a same store sales basis. 2024 Q3 RevPAR (1) Projections showing 3% year over year growth based on an 11% ADR (2) lift2024 Q4 RevPAR (1) Proj
MIAMI, July 23, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, launched a partnership with HotelRez, a London based company, for Global Distribution Systems ("GDS") connectivity. LuxUrban is now connected with four major GDS reaching over 500,000 agencies worldwide. Rob Arigo, CEO of LuxUrban stated, "This new relationship increases our distribution while diversifying our booking channels. We expect this partnership to drive sales beginnin
MIAMI, July 18, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced significant insider participation in its recently closed public offering. Referencing the July 16, 2024 news release whereby the Company announced the closing of a public offering, for gross proceeds of approximately $5.1 million dollars, and today's earlier announcement of the exercise of the underwriter's over allotment, for gross proceeds of approximately $765
MIAMI, July 18, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced that the underwriter of its underwritten public offering has exercised its over-allotment option in full to purchase an additional 4,500,000 shares of the Company's common stock at the public offering price of $0.17 per share. After giving effect to the full exercise of the over-allotment option, the Company sold 34,500,000 shares of its common stock for aggrega
MIAMI, July 17, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced a significant milestone. This new formula for hotel owners provides stability for their real estate assets in the current unique economic environment. 2025 represents a significant opportunity for LuxUrban to continue growing RevPAR. By abandoning the lower rated advanced purchase strategies and adopting market-based pricing strategies, LuxUrban can close
8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)
8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)
10-Q/A - LUXURBAN HOTELS INC. (0001893311) (Filer)
8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)
NT 10-Q - LUXURBAN HOTELS INC. (0001893311) (Filer)
8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)
8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)
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8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)
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Northland Capital downgraded LuxUrban Hotels from Outperform to Market Perform
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Luxurban Hotels Inc (NASDAQ:LUXH) On July 16, LuxUrban Hotels announced the closing of public offering of securities. The c
The Dow Jones index closed higher by more than 200 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. LuxUrban Hotels The Trade: LuxUrban Hotels Inc. (NASDAQ:LUXH) CFO Michael C James bought a total of 352,941 shares at an average price of $0.17. To acquire these shares, it cost around $60,000. LuxUrban's other Directors also bought shares
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter sales and issued guidance. Ericsson reported a second-quarter loss of 31 cents per share, compared to year-ago earnings of 7 cents per share. The company reported quarterly sales of $5.59 billion which beat the analyst consensus estimate of $5.36 billion, according to data from Benzinga Pro. Ericsson shares jumped 4.3% to $6.66 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Sentage Holdings Inc. (NASDAQ:SNTG) rose 85.6% to $4.27 in pre-market trading after gaining around 5% on
- SEC Filing
Hotel & Hospitality Industry Veteran Brings 35 Years of Experience to New RoleLuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced that its Board of Directors (the "Board") has appointed hotel and hospitality industry veteran Robert Arigo as its Chief Executive Officer, effective June 10, 2024. Mr. Arigo, who joined LuxUrban in March 2024 as Chief Operating Officer, is an accomplished industry executive who brings more than 35 years of relevant experience to his new role.
"I am honored and excited to assume the role of CFO at this pivotal time in LuxUrban's history," said Mr. James. "I look forward to working closely with the executive team and board to help accelerate financial and operational improvements and support the delivery of an exceptional guest experience."
LuxUrban Hotels Inc (NASDAQ:LUXH) shares are trading lower by 10.6% to $0.28 during Tuesday's session, pulling back following earlier strength. The company announced that its Board of Directors has formed a Special Committee of independent directors to explore strategic initiatives aimed at maximizing shareholder value. The committee will evaluate various strategic transactions, including equity and debt financing, sales, mergers, acquisitions or other alternatives. No specific timeline has been set, and the company is not currently engaged in any transaction or has hired advisors for the committee’s work. Leonard Toboroff will chair the Special Committee. The company will only discl
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)
MIAMI, June 27, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Patrick McNamee as an independent member of the Company's Board of Directors ("Board"), effective June 27, 2024. The Company also announced that Brian Ferdinand has resigned from the Board. Mr. McNamee is a seasoned and accomplished business leader who brings more than 30 years of experience as a public company executive, investor, and board member. He will serve as Chair of LuxUrban's Compensation Committe
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Alexander (Alex) Lombardo as an independent member of the Company's Board of Directors, effective June 4, 2024. Mr. Lombardo has more than 20 years of experience in the areas of corporate finance and accounting, project finance, development, construction, and management for both private and public companies. He will serve on LuxUrban's Audit and Finance, Risk and Investment Committees, as well as the Company's recently formed Special Committee to
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Michael James as Chief Financial Officer, effective June 4, 2024. Mr. James succeeds Shanoop Kothari, the Company's current Chief Executive Officer and former Acting Chief Financial Officer. Mr. James brings more than four decades of experience as a financial and operating executive, board member, and investor to his new role. He has advised and led financial strategy and operations for companies across industries and at various stages of growth.
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Andrew Schwartz to the Company's Board of Directors, effective April 22, 2024. Mr. Schwartz will serve on the Company's Finance, Risk and Investment Committee. With Mr. Schwartz's appointment, the Company's board expands to seven members, six of whom are independent. Mr. Schwartz was a Managing Director of Silver Point Capital, an investment manager focused across multiple synergistic strategies, including real estate, direct lending, capital solu
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the appointment of Elan Blutinger as Non-Executive Chairman of the Board of Directors, effective April 22, 2024. Mr. Blutinger, who joined the board in February 2024 as part of an overall strategy to strengthen industry representation across the enterprise, succeeds Brian Ferdinand, the Company's founder, former Chief Executive Officer, and largest shareholder. Mr. Ferdinand will remain a director. Shanoop Kothari, the Company's co-Chief Executive Officer, becomes the
Hotel & Hospitality Industry Veteran Brings 35 Years of Experience to New Role LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, today announced that it has named hotel and hospitality industry veteran Robert Arigo as its Chief Operating Officer, effective March 15, 2024. Mr. Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the Company's hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationshi
To be Rebranded the J Hotel by LuxUrban, a Wyndham Grand® Hotel 353-Room Historic Property is LuxUrban's Largest Operating Rights Acquisition to Date LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that it has signed and funded a 15-year Master Lease Agreement (MLA), plus two, five-year options, to operate The James NoMad Hotel in New York City. LuxUrban expects that The James will be rebranded as The J Hotel by LuxUrban, a Wyndham Grand® Hotel. The Company expects to take possession of t
Hotel 57, Condor, and Lafayette Join Wyndham Brand Family Announces Expected Opening of New Boutique Hotel in New York City in October 2023 LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today that the Hotel 57 in New York City, the Condor Hotel in Brooklyn, and the Lafayette Hotel in New Orleans have been re-branded as "The Hotel 57, Trademark Collection® by Wyndham," "The Condor Hotel, Trademark Collection® by Wyndham," and "The Lafayette Hotel, Trademark Collection® by Wyndham," respectivel
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced financial results for the first quarter ended March 31, 2024 ("Q1 2024"), including adjusted EBITDA, which is a non-GAAP measure and is accompanied by reconciliation tables in this release. The Company also announced that it will file its Form 10-Q with the Securities and Exchange Commission on May 13, 2024. "We reported Q1 2024 net rental revenue of $29.1 million, a 27.6% increase from last year's first quarter, and adjusted EBITDA of $2.5 million. Our bookings out
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, announced today it will report financial results for the first quarter ended March 31, 2024 on Monday, May 13, 2024 after the close of the stock market. The Company will host a conference call on Tuesday, May 14, 2024 at 9:00 am Eastern Time to discuss the results. Investors interested in participating in the live call can dial: (800) 715-9871 - U.S. (646) 307-1963 - International Conference ID 2430628 A simultaneous webcast of the call may be accessed online from the E
Net Rental Revenue rose 159% to $113.4 million Net loss of $78.5 million included $61.1 million in non-cash charges and $24.6 million in non-recurring cash costs EBITDA rose 78% to $25.3 million; Adjusted EBITDA increased 109% to $29.8 million LuxUrban Hotels Inc. (or the "Company") (NASDAQ:LUXH, LUXHP))), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, including through its partnership with Wyndham Hotels & Resorts ("Wyndham"), today announced financial results for full year ("FY 2023") ended December 31, 2023, including EBITDA and adjusted EBITDA, which are non-GAAP measures and are acco
2023 Net Rental Revenue Increased to Approximately $114.0 Million from $43.8 Million EBITDA Rose to Approximately $30.6 Million from $14.3 Million Adjusted EBITDA Rose to Approximately $35.0 Million from $14.3 Million LuxUrban Hotels Inc. (or the "Company") (NASDAQ:LUXH, LUXHP))), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, including through its partnership with Wyndham Hotels & Resorts ("Wyndham"), today announced preliminary unaudited financial results for the fourth quarter ("Q4 2023") and full year ended December 31, 2023, including cash net income, adjusted cash net income, EBITD
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, announced today it will report financial results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 26, 2024 after the close of the stock market. The Company will host a conference call on Wednesday, March 27, 2024 at 10:00 am Eastern Time to discuss the results. Investors interested in participating in the live call can dial: (800) 715-9871 - U.S. (646) 307-1963 - International A simultaneous webcast of the call may be accessed onli
LuxUrban Hotels Inc. (or the "Company") (NASDAQ:LUXH, LUXHP))), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that its Board of Directors has declared a monthly cash dividend for the Company's 13.00% Series A Cumulative Redeemable Preferred Stock. Dividend per share $0.270833 Record date February 15, 2024 Payment date February 29, 2024 LuxUrban Hotels Inc. LuxUrban Hotels Inc. utilizes an asset light business model to secure the long-term operating rights for entire hotels through Master Lease Agreements (MLA
LuxUrban Hotels Inc. ("LuxUrban" or the "Company") (NASDAQ:LUXH), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that it will host its Investor Day on Tuesday, February 6, 2024 in New York City. The event will begin at 2:00 pm ET. Due to space constraints, in person attendance is by invitation only to institutional investors and analysts. A simultaneous webcast of the event, along with supporting materials, will be accessible through the Investor Relations page of the Company's website at www.luxurbanhotels.com or https://event.choruscall.com/mediaframe/
LuxUrban Hotels Inc. (or the "Company") (NASDAQ:LUXH, LUXHP))), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that its Board of Directors has declared a monthly cash dividend for the Company's 13.00% Series A Cumulative Redeemable Preferred Stock. Dividend per share $0.270833 Record date January 16, 2024 Payment date January 31, 2024 LuxUrban Hotels Inc. LuxUrban Hotels Inc. utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases
LuxUrban Hotels Inc. (or the "Company") (NASDAQ:LUXH, LUXHP))), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that its Board of Directors has declared a monthly cash dividend for the Company's 13.00% Series A Cumulative Redeemable Preferred Stock. Dividend per share $0.270833 Record date December 15, 2023 Payment date January 2, 2024 LuxUrban Hotels Inc. LuxUrban Hotels Inc. utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases
LuxUrban Hotels Inc. (or the "Company") (NASDAQ:LUXH, LUXHP))), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that its Board of Directors has declared the initial monthly cash dividend for the Company's 13.00% Series A Cumulative Redeemable Preferred Stock covering the period from, and including, October 26, 2023 to, but not including, November 30, 2023. Dividend per share $0.315972 Record date November 27, 2023 Payment date November 30, 2023 LuxUrban Hotels Inc. LuxUrban Hotels Inc. utilizes an asset-l