Luxurban Hotels Inc. Replaces Grassi & Co. with Bush & Associates as Certifying Accountant Amid Going Concern Doubts

Reuters05-31
Luxurban Hotels Inc. Replaces Grassi & Co. with Bush & Associates as Certifying Accountant Amid Going Concern Doubts

**LuxUrban Hotels Inc. Announces Change in Certifying Accountants** LuxUrban Hotels Inc. has announced a change in its certifying accountants, effective May 30, 2025. The company has dismissed Grassi & Co., CPAs, P.C., its independent registered public accounting firm since September 15, 2021, and appointed Bush & Associates CPA as their successor. The decision, approved by the company's Board of Directors, follows a period with no disagreements on accounting principles or practices between LuxUrban and Grassi. However, Grassi's audit reports for the years ending December 31, 2023, and 2022, included a note expressing substantial doubt about the company's ability to continue as a going concern. The transition aims to ensure continued compliance and transparency in LuxUrban's financial reporting.

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