• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    LuxUrban Hotels Names Robert Arigo Chief Operating Officer

    3/6/24 8:00:00 AM ET
    $LUXH
    Real Estate
    Finance
    Get the next $LUXH alert in real time by email

    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 relationships, elevating the customer experience, and pursuing ancillary revenue opportunities across the Company's portfolio. Mr. Arigo will be augmenting the Company's operations team to support him in this new role.

    "Robert is a highly accomplished, hands-on, and seasoned hotel executive who adds depth and experience to LuxUrban at an important point in our growth," said Brian Ferdinand, Chairman and Co-CEO of the Company. "Robert's inspirational approach to leadership has allowed him to develop and implement financial, marketing, and revenue management platforms for some of the largest and most well-known brands in our industry and we are confident that his relationships, knowledge, and know-how will support our planned expansion and evolution. LuxUrban has grown significantly over the last 18 months since our IPO, and we believe we are well positioned to continue to expand in the years ahead. As we continue to evolve and mature, we are in the process of creating an organizational structure that more accurately reflects the Company we are today and, more importantly, the Company we expect to be tomorrow. The primary focus of this process is increased industry representation throughout the Company, and Robert's appointment reflects our commitment to achieving this objective. We welcome Robert to LuxUrban and are excited to begin our work together."

    Mr. Arigo joins LuxUrban from M&R Hotel Management, which provides hospitality development, turnaround, and management services to a portfolio of hotels throughout the United States, where he served as Vice President beginning in 2018. Prior to this, Mr. Arigo was Senior Director of Operations at Hersha Hospitality Management (HHM), a hotel management company that operates over 240 properties, including luxury and lifestyle properties, across the United States and Canada. Prior to joining HHM, Mr. Arigo served as the Chief Operating Officer of Widewaters Hotels, a leading developer and owner of branded and independent hotels and extended stay properties, in which position he was integral in shaping that company's growth and operational efficiency. Mr. Arigo's executive experience also includes Highgate Hotels, Belleview Biltmore Resort & Spa, Crestline Hotels, Interstate Hotels Corporations, and Marriott. Mr. Arigo's work has been recognized with awards that included "Hotel Region of the Year," "Financial Leadership Award," "Hotel of the Year," and "Award of Excellence."

    "I am very excited to join LuxUrban at this pivotal moment in its development," said Mr. Arigo. "LuxUrban is pursuing a large opportunity pipeline by employing a unique business model that I believe offers great promise, and I look forward to helping the Company implement its ambitious growth strategies."

    Mr. Arigo succeeds Jimmie Chatmon as Chief Operating Officer. Mr. Chatmon will remain with LuxUrban in the newly created position of Director of Revenue Management, effective March 15, 2024.

    "Jimmie is an exceptional entrepreneur who has played an integral role in LuxUrban's growth, and we are grateful that he will remain a member of the team in this vital position," said Mr. Ferdinand.

    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) and rents out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is aggressively building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. LuxUrban's MLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLA. Through its partnership with Wyndham Hotels & Resorts, the largest hotel company in the world by rooms, LuxUrban gains several competitive advantages including joint branding for marketing, sales, and distribution, capital allocation from Wyndham for each hotel it acquires, and ongoing customer support and training across its portfolio.

    Forward Looking Statements

    This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The statements contained in this release that are not purely historical are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Generally, the words "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this release may include, for example, statements with respect to the success of the Company's collaboration with Wyndham Hotels & Resorts, scheduled property openings, expected closing of noted lease transactions, the Company's ability to continue closing on additional leases for properties in the Company's pipeline, as well the Company's anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. The forward-looking statements contained in this release are based on current expectations and belief concerning future developments and their potential effect on the Company. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements are subject to a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results of performance to be materially different from those expressed or implied by these forward-looking statements, including those set forth under the caption "Risk Factors" in our public filings with the SEC, including in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022, and any updates to those factors as set forth in subsequent Quarterly Reports on Form 10-Q or other public filings with the SEC. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240305459234/en/

    Get the next $LUXH alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LUXH

    DatePrice TargetRatingAnalyst
    5/6/2024Outperform → Market Perform
    Northland Capital
    More analyst ratings

    $LUXH
    Financials

    Live finance-specific insights

    See more
    • LuxUrban Hotels Inc. Announces Timing of Regular Monthly Dividend for January 2025 for Series A Cumulative Redeemable Preferred Stock

      MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (OTC:LUXH, LUXHP)), 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 timing for the payment of its declared regular monthly dividend of $0.2708333 per share of its 13.00% Series A Cumulative Redeemable Preferred Stock for January 2025. The dividend will be payable on February 28, 2025, to holders of record as of February 15, 2025. The dividend will be paid in cash. ABOUT LUXURBAN HOTELS INC. LuxUrban Hotels Inc. secures long-term operating rights fo

      2/7/25 9:33:40 AM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Inc. Reports Third Quarter 2024 Financial Results

      MIAMI, Nov. 20, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced its financial results for the third quarter ended September 30, 2024 ("Q3 2024"). The Company filed its quarterly report on Form 10-Q for Q3 2024 with the U.S. Securities and Exchange Commission on November 19, 2024. Q3 2024 Financial Overview: Net Rental Revenue: $13.1 million, compared to $31.2 million in Q3 2023.Gross (Loss) Profit: $(16.8) million, compared to a profit of $7.8 million in Q3 2023, impacted by [brief explanation of fa

      11/20/24 7:00:00 AM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Inc. Reports Second Quarter 2024 Financial Results

      MIAMI, Sept. 25, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today announced its financial results for the second quarter ended June 30, 2024 ("Q2 2024"). The Company has also submitted its quarterly report on Form 10-Q to the U.S. Securities and Exchange Commission. Q2 2024 Financial Overview: Net Rental Revenue: $18.2 million, compared to $31.9 million in Q2 2023.Gross (Loss) Profit: $(22.2) million, compared to a profit of $10.2 million in Q2 2023, impacted by increased rent expenses, surrender of deposits from exiting

      9/25/24 4:45:25 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Schaefer Kimberly bought $20,000 worth of shares (117,647 units at $0.17), increasing direct ownership by 97% to 238,345 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      7/22/24 4:05:14 PM ET
      $LUXH
      Real Estate
      Finance
    • Chief Executive Officer Arigo Robert bought $30,000 worth of shares (176,470 units at $0.17), increasing direct ownership by 24% to 926,470 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      7/22/24 4:03:30 PM ET
      $LUXH
      Real Estate
      Finance
    • Director Blutinger Elan bought $25,000 worth of shares (147,058 units at $0.17), increasing direct ownership by 8% to 2,054,656 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      7/22/24 4:02:38 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    SEC Filings

    See more
    • LuxUrban Hotels Inc. filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

      8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)

      5/30/25 4:50:57 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form NT 10-Q filed by LuxUrban Hotels Inc.

      NT 10-Q - LUXURBAN HOTELS INC. (0001893311) (Filer)

      5/15/25 4:30:16 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Inc. filed SEC Form 8-K: Leadership Update

      8-K - LUXURBAN HOTELS INC. (0001893311) (Filer)

      5/5/25 4:30:13 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Ferdinand Brian was granted 381,994 shares, increasing direct ownership by 4,021% to 391,494 units (SEC Form 4)

      4 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      12/23/24 4:09:24 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form 3 filed by new insider Shapiro Daniel

      3 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      12/23/24 4:08:38 PM ET
      $LUXH
      Real Estate
      Finance
    • SEC Form 3 filed by new insider Moinian Alex

      3 - LUXURBAN HOTELS INC. (0001893311) (Issuer)

      12/23/24 4:07:38 PM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • LuxUrban Hotels downgraded by Northland Capital

      Northland Capital downgraded LuxUrban Hotels from Outperform to Market Perform

      5/6/24 9:01:34 AM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Leadership Updates

    Live Leadership Updates

    See more
    • LuxUrban Hotels Appoints Patrick McNamee to Board of Directors

      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

      6/27/24 4:15:19 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of Directors

      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

      6/6/24 4:15:00 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Appoints Michael James Chief Financial Officer

      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.

      6/6/24 8:15:00 AM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • LuxUrban Hotels Inc. Announces Timing of Regular Monthly Dividend for January 2025 for Series A Cumulative Redeemable Preferred Stock

      MIAMI, Feb. 07, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (OTC:LUXH, LUXHP)), 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 timing for the payment of its declared regular monthly dividend of $0.2708333 per share of its 13.00% Series A Cumulative Redeemable Preferred Stock for January 2025. The dividend will be payable on February 28, 2025, to holders of record as of February 15, 2025. The dividend will be paid in cash. ABOUT LUXURBAN HOTELS INC. LuxUrban Hotels Inc. secures long-term operating rights fo

      2/7/25 9:33:40 AM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Hotels Strategically Transitions to OTC Market to Accelerate Growth and Profitability

      Significant Cost Savings Drive Strategic Investments: Transition to OTC reduces compliance costs, freeing capital to expand hotel asset ownership and fuel growth.Sharpened Focus on Core Business Execution: Streamlined operations enable LuxUrban to optimize properties and enhance guest experiences.Asset Acquisition Strategy to Boost Profitability: Targeted hotel acquisitions aim to strengthen market presence and improve profit margins.Achieves Positive Operational Cash Flow: December 2024 marks a milestone as LuxUrban reaches cash flow positivity, advancing its path to full profitability in 2025.Positioned for Future Uplisting: Strategic realignment sets the foundation for operational efficie

      1/16/25 2:06:43 PM ET
      $LUXH
      Real Estate
      Finance
    • LuxUrban Issues Corporate update and 2025 Revenue Guidance of $62–$67 million

      •  Streamlined Operations and NYC Focus Set the Stage for 2025 Growth •  RevPAR Gains and Optimized Portfolio Highlight Operational Momentum MIAMI, Jan. 15, 2025 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (NASDAQ:LUXH), a hospitality company that leases entire hotels on a long-term basis, manages these hotels, and rents out rooms to guests in the properties it leases, today provided a comprehensive corporate update, highlighting recent business achievements and sharing its 2025 revenue guidance and strategic milestones. It has been a transformative year for LuxUrban Hotels, Inc., marked by substantial progress in improving the business, streamlining operations, and building a strong founda

      1/15/25 8:02:19 AM ET
      $LUXH
      Real Estate
      Finance

    $LUXH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by LuxUrban Hotels Inc.

      SC 13G - LUXURBAN HOTELS INC. (0001893311) (Subject)

      11/18/24 10:42:45 AM ET
      $LUXH
      Real Estate
      Finance
    • Amendment: SEC Form SC 13D/A filed by LuxUrban Hotels Inc.

      SC 13D/A - LUXURBAN HOTELS INC. (0001893311) (Subject)

      7/25/24 7:42:33 PM ET
      $LUXH
      Real Estate
      Finance
    • Amendment: SEC Form SC 13D/A filed by LuxUrban Hotels Inc.

      SC 13D/A - LUXURBAN HOTELS INC. (0001893311) (Subject)

      6/28/24 4:30:30 PM ET
      $LUXH
      Real Estate
      Finance