Breaking News: LuxUrban Hotels Inc. (Nasdaq: LUXH) LuxUrban Hotels - Market Revenue Management Strategies Show Growth

Breaking News: LuxUrban Hotels - Market Revenue Management Strategies Show Growth LuxUrban Hotels Inc. (Nasdaq: LUXH) 10XProTrader Member, This is Kevin Vander with "10XProTrader", I'm focused on delivering you another shot at a huge winner, with tremendous upside potential. [Breaking News!]( [LuxUrban Hotels - Market Revenue Management Strategies Show Growth]( MIAMI, July 24, 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 provided the following update. In early June 2024, LuxUrban changed its “go to market revenue management strategies” which is producing favorable results. The bullet points presented below reflect these favorable results on a same store sales basis. - 2024 Q3 RevPAR (1) Projections showing 3% year over year growth based on an 11% ADR (2) lift - 2024 Q4 RevPAR (1) Projections showing 15% year over year growth based on a 17% ADR (2) lift Rob Arigo, CEO of LuxUrban, stated, “The new revenue management team is just scratching the surface of the potential growth for our hotels.” The bullet points below reflect the additional growth potential referenced by Mr. Arigo. - 2023 Q3 CompSet (3) RevPAR (1) performed at a +$112 in ADR (2) compared to LuxUrban Q3 2023. - 2023 Q4 CompSet (3) RevPAR (1) performed at a +$149 in ADR (2) compared to LuxUrban Q4 2023. (1) – RevPAR – Revenue generated per available room (2) – ADR – Average Daily Rate (3) – CompSet – Group of hotels that are seen as direct competitors LuxUrban Hotels Inc. LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) and rents out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is strategically building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. LuxUrban’s MLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLA. Forward Looking Statements This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The statements contained in this release that are not purely historical are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Generally, the words “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this release may include, for example, statements with respect to the Company’s ability to reduce costs, effectively and cost-efficiently operate its smaller hotel portfolio, evolve its business model and execute against the described strategies and objective, its ability to realize benefits from actions taken to date and contemplated to be taken going forward, the Company’s ability to continue closing on additional leases for properties in the Company’s pipeline, as well the Company’s anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. The forward-looking statements contained in this release are based on current expectations and belief concerning future developments and their potential effect on the Company. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements are subject to a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results of performance to be materially different from those expressed or implied by these forward-looking statements, including those set forth under the caption “Risk Factors” in our public filings with the SEC, including in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 15, 2024, and any updates to those factors as set forth in subsequent Quarterly Reports on Form 10-Q or other public filings with the SEC. While the Company believes it has suitably reserved on its balance sheet potential liabilities that could arise in connection with the efforts and actions described in this release the Company’s recent and proposed actions have included and may continue to include the termination of certain commercial relationships and agreements, which has resulted, and in the future may result, in threatened claims and litigations that could require the Company to negotiate termination terms or related settlements. There can be no assurance that the Company will be successful in implementing the changes described herein or that such changes individually or in whole will result in material cost savings, improved margins, or improved general operational performance by the Company. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. _ [LuxUrban specializes in securing long-term operating rights for entire hotels through Master Lease Agreements (MLAs).]( agreements allow LuxUrban to manage and operate hotels, while the property owners retain ownership and equity value. LuxUrban rents out hotel rooms on a short-term basis to business and vacation travelers. The company focuses on expanding its portfolio of hotel properties in key destination cities. LuxUrban aims to capitalize on market dislocations in commercial real estate and the large amount of debt maturity obligations on these assets. This strategic approach enables the company to leverage opportunities in a challenging market environment. LuxUrban (Nasdaq: LUXH) is strategically positioned to benefit from disruptions in the commercial real estate market and increased demand for short-term rentals. The company's focus on revenue optimization and operational efficiency aims to deliver value and drive growth. Recently LUXH has demonstrated significant volatility, these notable price swings could bring great opportunity when timed properly.  Strategic announcements have impacted its stock's performance for the better, making it a stock to watch for future upside potentials. LuxUrban Hotels Inc. (Nasdaq: LUXH) [Major Announcements and Accomplishments]( [May 2024:]( - LuxUrban announced first-quarter financial results with net rental revenue of $29.1 million, a 27.6% increase from the previous year, and adjusted EBITDA of $2.5 million. - CEO Shanoop Kothari stated the company's focus on stabilizing operations, refining strategy, and aligning the business with market opportunities. [June 2024:]( - CEO Robert Arigo highlighted significant executive and board-level appointments, a cost reduction program expected to save $2 million annually, and the majority of hotels under management located in New York City. - The company also emphasized its revenue optimization strategies, which have already led to price increases of over 20% at select locations. [July 2024:]( - LuxUrban announced the launch of LUX 2.0, a transformative initiative aiming to close the ADR gap to competitors and significantly increase room rates. - CEO Robert Arigo stated, “Our platform is truly transformative for the hotel industry. Our timing for this revamped launch aligns perfectly with the needs of our customers in this financially challenging environment.” - The company also reported significant insider participation in its recent public offering, with key executives and board members investing approximately $1.5 million, or 25% of the total money raised. This low float stock,has been gaining traction after several weeks of volatile trading, and has the potential to extend its gains in yesterday's session. [On Thursday 7/18/24, a Form 4 filing revealed that LuxUrban director Elan Blutinger acquired 147,058 shares of LUXH for just under $25,000 on July 15th, bringing his total holdings to 2,054,656 shares. This insider buying spurred a rise in LUXH shares, indicating market confidence.]( LUXH has experienced a challenging year, but recent trends suggest its downtrend might have bottomed out which could indicate that a potential upswing may be imminent. Following the Form 4 disclosure, shares climbed as much as 17% in aftermarket trading. If this trend continues, LUXH could open tomorrow's session higher. Despite the volume spike, shares closed with just a 1.9% decline, indicating potential seller exhaustion and a possible turnaround. [Recent News]( [MIAMI, July 23, 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, launched a partnership with HotelRez, a London based company, for Global Distribution Systems (“GDS”) connectivity. LuxUrban is now connected with four major GDS reaching over 500,000 agencies worldwide.]( [Rob Arigo, CEO of LuxUrban stated, “This new relationship increases our distribution while diversifying our booking channels. We expect this partnership to drive sales beginning in late Q3 and Q4 of 2024. Our hotels serve a global client base and this partnership gives us the reach required to increase sales in those markets.”]( LuxUrban Hotels Inc. LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) and rents out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is strategically building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. LuxUrban’s MLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLA. Forward Looking Statements This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The statements contained in this release that are not purely historical are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Generally, the words “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this release may include, for example, statements with respect to the Company’s ability to reduce costs, effectively and cost-efficiently operate its smaller hotel portfolio, evolve its business model and execute against the described strategies and objective, its ability to realize benefits from actions taken to date and contemplated to be taken going forward, the Company’s ability to continue closing on additional leases for properties in the Company’s pipeline, as well the Company’s anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. The forward-looking statements contained in this release are based on current expectations and belief concerning future developments and their potential effect on the Company. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements are subject to a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results of performance to be materially different from those expressed or implied by these forward-looking statements, including those set forth under the caption “Risk Factors” in our public filings with the SEC, including in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 15, 2024, and any updates to those factors as set forth in subsequent Quarterly Reports on Form 10-Q or other public filings with the SEC. While the Company believes it has suitably reserved on its balance sheet potential liabilities that could arise in connection with the efforts and actions described in this release the Company’s recent and proposed actions have included and may continue to include the termination of certain commercial relationships and agreements, which has resulted, and in the future may result, in threatened claims and litigations that could require the Company to negotiate termination terms or related settlements. There can be no assurance that the Company will be successful in implementing the changes described herein or that such changes individually or in whole will result in material cost savings, improved margins, or improved general operational performance by the Company. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. _ In Conclusion With the recent capital from its public offering and the transformative push with LUX 2.0, LuxUrban is well-positioned for growth. LuxUrban Hotels (LUXH) could be a compelling swing candidate, and now might be an excellent time to start considering LUXH. With any luck, LUXH's solid Tuesday could be the start of a significant uptrend. Keep an eye on LUXH today! If you missed some of my recent big "10x Alerts"  I strongly suggest you get ready for our explosive new breakout alert... Because, you don't want to miss another winner with tremendous upside potential! Pay very close attention to your email inbox, your next alert is just around the corner. Yours for greater gains, Kevin Vander Publisher, 10XProTrader.com Investment Research Sources: - [GlobeNewswire, "LuxUrban Hotels Inc. Announces 2024 First Quarter Financial Results."]( - [MarketWatch, "LuxUrban Hotels Inc. Q1 2024 Earnings."]( - [GlobeNewswire, "LuxUrban Hotels Issues Letter to Shareholders from CEO Robert Arigo."]( - [PR Newswire, "LuxUrban Hotels Cost Reduction Program."]( - [GlobeNewswire, "LuxUrban Hotels Announces the Launch of LUX 2.0."]( - [LuxUrban Hotels Announces Pricing of Public Offering of Securities | Markets Insider (businessinsider.com)]( - [SEC.gov, "Form 4 Filing for LuxUrban Hotels."]( - [Nasdaq, "LuxUrban Hotels Trading Volume Analysis."]( - [MarketWatch, "LuxUrban Hotels Technical Analysis."]( - [LuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert Arigo | Markets Insider (businessinsider.com)]( - [LuxUrban Hotels revamps strategy, eyes growth By Investing.com]( - [LuxUrban Hotels Inc. (LUXH) Statistics & Valuation Metrics - Stock Analysis]( - [LuxUrban Hotels Inc., LUXH Quick Chart - (NAS) LUXH, LuxUrban Hotels Inc. Stock Price - BigCharts.com (marketwatch.com)]( - [LuxUrban Hotels and HotelRez launch Global Partnership (yahoo.com)]( - [LuxUrban Hotels Inc. | News]( - [SEC FORM 4]( You are receiving this e-mail as part of your subscription to 10XProTrader. Please do not reply to this e-mail as this address is not monitored. Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2024 10XProTrader.com. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular inves∙tment situation. N∙o communication by our employees to you should be deemed as personalized financial advice. 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