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 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.

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.

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.

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 that its Board of Directors has formed a Special Committee comprised of independent directors to explore potential strategic initiatives focused on maximizing shareholder value.

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 that it closed its previously announced public offering of 35,075,000 shares of common stock, including the full exercise by the underwriters of their over-allotment option to purchase 4,575,000 shares of common stock, at a price of $0.25 per share.

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 pricing of its public offering of 30,500,000 shares of common stock at a price of $0.25 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 4,575,000 shares of common stock at the offering price. Roth Capital Partners is acting as sole book-running manager for the offering. Alexander Capital, L.P. is acting as the co-manager for the offering. The offering is expected to close on or about May 23, 2024, subject to the satisfaction of customary closing conditions.

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 launch of a proposed follow-on public offering of shares of its common stock. All of the shares of common stock are being offered by the Company pursuant to a shelf registration statement on Form S-3 (No. 333-278883) (the “Registration Statement”) filed with the Securities and Exchange Commission (“SEC”) and declared effective on May 8, 2024. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering will be completed, or as to the actual size or terms of the offering. Certain officers, directors, and holders of 5% or more of the Company’s common stock and affiliates thereof may participate in the offering.

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.

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.

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.

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 sole Chief Executive Officer under the Company’s previously announced transition plan.

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 accompanied by reconciliation tables in this release. The Company also announced that it filed its Form 10-K with the Securities and Exchange Commission on April 15, 2024.

NEW YORK, April 12, 2024 (GLOBE NEWSWIRE) --

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WHY: NEW YORK, NY - (NewMediaWire) - April 11, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of LuxUrban Hotels, Inc. (NASDAQ: LUXH) between November 8, 2023 and February 2, 2024, both dates inclusive (the “Class Period”), of the important April 12, 2024 lead plaintiff deadline.

WHY: NEW YORK, NY - (NewMediaWire) - April 10, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of LuxUrban Hotels, Inc. (NASDAQ: LUXH) between November 8, 2023 and February 2, 2024, both dates inclusive (the “Class Period”), of the important April 12, 2024 lead plaintiff deadline.

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LOS ANGELES, April 09, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against LuxUrban Hotels Inc. (“LuxUrban” or “the Company”) (NASDAQ: LUXH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

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WHY: NEW YORK, NY - (NewMediaWire) - April 08, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of LuxUrban Hotels, Inc. (NASDAQ: LUXH) between November 8, 2023 and February 2, 2024, both dates inclusive (the “Class Period”), of the important April 12, 2024 lead plaintiff deadline.

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WHY: NEW YORK, NY - (NewMediaWire) - April 07, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of LuxUrban Hotels, Inc. (NASDAQ: LUXH) between November 8, 2023 and February 2, 2024, both dates inclusive (the “Class Period”), of the important April 12, 2024 lead plaintiff deadline.

NEW YORK, April 07, 2024 (GLOBE NEWSWIRE) --

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WHY: NEW YORK, NY - (NewMediaWire) - April 06, 2024 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of LuxUrban Hotels, Inc. (NASDAQ: LUXH) between November 8, 2023 and February 2, 2024, both dates inclusive (the “Class Period”), of the important April 12, 2024 lead plaintiff deadline.