LuxUrban Hotels Inc. Stock

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 leases to business and vacation travelers through the Company’s online portal and third-party sales and distribution channels. The Company manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles. The Company has approximately 1,200 hotel rooms available for rent. It builds a portfolio of hotels that provide short-term accommodation for guests at average nightly and occupancy rates. It targets business and vacation travelers under its consumer brand LuxUrban. It markets its hotel properties through its sales portal, as well as several worldwide online travel agency (OTA) channels.