LuxUrban Hotels (LUXH) Launch LUX 2.0
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LuxUrban Hotels Announces the Launch of LUX 2.0
July 17, 2024 8:00 AM EDTMIAMI, July 17, 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 a significant milestone. This new formula for hotel owners provides stability for their real estate assets in the current unique economic environment.
2025 represents a significant opportunity for LuxUrban to continue growing RevPAR. By abandoning the lower rated advanced... More
