LuxUrban Hotels Inc. Announces 2024 First Quarter Financial Results
LuxUrban Hotels Inc. (LUXH)
Company Research
Source: Business Wire
MIAMI--(BUSINESS WIRE)--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.“We reported Q1 2024 net rental revenue of $29.1 million, a 27.6% increase from last year’s first quarter, and adjusted EBITDA of $2.5 million. Our bookings outlook as we enter the seasonally stronger spring and summer months is encouraging,” said Shanoop Kothari, Chief Executive Officer. “We have taken a series of actions designed to stabilize our operations, refine our strategy, and align the business to market opportunities tha
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LUXH
News
- LuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert Arigo [Yahoo! Finance]Yahoo! Finance
- LuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert ArigoGlobeNewswire
- LuxUrban Hotels Names Robert Arigo Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- LuxUrban Hotels Names Robert Arigo Chief Executive OfficerBusiness Wire
- LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of Directors [Yahoo! Finance]Yahoo! Finance
LUXH
Earnings
- 5/13/24 - Miss
LUXH
Sec Filings
- 6/20/24 - Form 8-K
- 6/17/24 - Form 8-K
- 6/17/24 - Form 4
- LUXH's page on the SEC website