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LUXHP LuxUrban Hotels Inc.
Market Closed 04-11 16:00:00 EDT Delay
LuxUrban Hotels Strategically Transitions to OTC Market to Accelerate Growth and Profitability
BRIEF-Luxurban Hotels Determined It Will Not Proceed At This Time With Potential JV Under Nonbinding Loi With Lockwood Development Partners Llc, Others
LuxUrban Hotels Inc. Signs A Non-Binding Letter of Intent for Proposed Joint Venture with Lockwood Development Partners LLC and The Bright Hospitality Management to Elevate Hotel Operations and Guest Experience
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. It manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc. and changed its name to LuxUrban Hotels Inc. in November 2022. The company was incorporated in 2017 and is headquartered in Miami, Florida.