-Strategic initiative would provide LuxUrban with a $7 million initial capital infusion, offering the opportunity to broaden its market impact representing a key milestone in building Lux 2.0 -Joint venture would leverage advanced technology integration to streamline operations, elevate service offerings, and deliver an enhanced guest experience 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 the signing of a Non-Binding Letter of Intent (LOI) with Lockwood Development Partners LLC and The Brigh

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

MIAMI, Nov. 15, 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 that it will effectuate a one-for-seventy (1:70) reverse stock split of its common stock. This reverse stock split was approved by stockholders at the special meeting held on November 12, 2024, and will be effective at the opening of trading on November 20, 2024. The reverse stock split is part of LuxUrban Hotels' strategy to strengthen its position within the Nasdaq Capital Markets, improve the stock's trading profile, and position the company for

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

MIAMI, Sept. 25, 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, will host a webcast to review the results of the 2nd quarter of 2024 on September 25th, 2024 at 5:00PM ET. The webcast will feature an overview of the quarter from Robert Arigo, CEO, and Mike James, CFO. To register for the event, please click HERE. Conference Call & Webcast Information: Time & Date: September 25, 2024, at 5:00PM ETPARTICIPANT DIAL IN (TOLL FREE): 1-877-317

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.

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

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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

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

MIAMI, Sept. 25, 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, will host a webcast to review the results of the 2nd quarter of 2024 on September 25th, 2024 at 5:00PM ET. The webcast will feature an overview of the quarter from Robert Arigo, CEO, and Mike James, CFO. To register for the event, please click HERE. Conference Call & Webcast Information: Time & Date: September 25, 2024, at 5:00PM ETPARTICIPANT DIAL IN (TOLL FREE): 1-877-317

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/

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