LuxUrban Hotels Inc., a leading hospitality company, has announced its participation in the upcoming 2023 Jefferies Real Estate Conference. The conference, scheduled to take place on December 4-5, 2023, will be held in Miami Beach, FL.
During the event, LuxUrban Hotels Inc. will host 1×1 meetings with investors on December 4-5, providing an opportunity for in-depth discussions and insights into the company’s operations and future plans. Additionally, the company’s management will participate in a Breakout Session on Tuesday, December 5, 2023, at 10:30 am ET / Track 2.
While the conference will not be webcast, LuxUrban Hotels Inc. will make slides available on its investor relations website (Events & Presentations) at [insert URL] for those interested in reviewing the information.
LuxUrban Hotels Inc. employs an innovative asset-light business model, leasing entire hotels on a long-term basis and renting out hotel rooms in these properties to business and leisure travelers. The company’s portfolio currently includes hotel rooms in key metropolitan cities such as New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles. With a total of 2,032 hotel rooms under lease, LuxUrban Hotels Inc. aims to further expand its portfolio by acquiring dislocated or underutilized accommodations affected by the pandemic and current economic conditions.
As the company undergoes a strategic transition from leasing multifamily residential units to leasing hotels, LuxUrban Hotels Inc. has made significant progress in completing this shift.
For more information or to schedule a meeting at the conference, please contact LuxUrban Hotels Inc. at [insert contact details].
1. What is LuxUrban Hotels Inc.’s business model?
LuxUrban Hotels Inc. utilizes an asset-light business model, leasing entire hotels on a long-term basis and renting out hotel rooms through online portals and third-party channels.
2. Which cities are included in LuxUrban Hotels Inc.’s portfolio?
The company currently manages hotel rooms in New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.
3. How many hotel rooms does LuxUrban Hotels Inc. have under lease?
As of November 8, 2023, LuxUrban Hotels Inc. had 2,032 hotel rooms under lease, including properties that are not yet available for rent.
4. How is LuxUrban Hotels Inc. expanding its portfolio?
LuxUrban Hotels Inc. aims to acquire additional accommodations affected by the pandemic and current economic conditions to further build its portfolio.
5. What is the status of LuxUrban Hotels Inc.’s strategic transition?
The company’s transition from leasing multifamily residential units to leasing hotels is nearing completion.
Business Wire – https://www.businesswire.com/news/home/20231121291885/en/