Save the Date: LuxUrban Hotels to Host Investor Day on February 6, 2024

MIAMI--(BUSINESS WIRE)--LuxUrban Hotels Inc. (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 an Investor Day on Tuesday, February 6, 2024 in New York City.

Registration will commence at 12:30 pm ET, and the event will run from 1:00 pm – 3:30 pm ET.

The Investor Day program will feature presentations led by Brian Ferdinand, Chairman and Co-Chief Executive Officer and Shanoop Kothari, President, Co-Chief Executive Officer, and Chief Financial Officer, and include senior members of the Company’s leadership team and strategic and industry partners. Additional information will be available in the coming weeks. You may RSVP by sending an email to [e-mail] using the subject: LUXH Investor Day.

Presentations and a live webcast, including question and answer sessions will be made available on the day of the event on the Investor Relations section of the company’s website, at www.luxurbanhotels.com.

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 to business and vacation travelers through the Company’s online portal and third-party sales and distribution channels. The Company currently manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles. As of November 30, 2023, the Company had 2,032 hotel rooms under lease, including properties not yet available for rent, and seeks to rapidly build its portfolio on favorable economics through the acquisition of additional accommodations that were dislocated or are underutilized as a result of the pandemic and current economic conditions. In late 2021, the Company commenced the process of winding down its legacy business of leasing and re-leasing multifamily residential units, as it pivoted toward its new strategy of leasing hotels. This transition has been substantially completed.