LuxUrban Hotels (LUXH) Announces Non-Dilutive Funding
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LuxUrban Hotels Reiterates Focus on Growth via Non-Dilutive Funding Supported by Recent Agreement with Wyndham Hotels & Resorts and Completed Balance Sheet Initiatives
September 1, 2023 8:00 AM EDTMIAMI--(BUSINESS WIRE)-- LuxUrban Hotels Inc. (or the Company) (Nasdaq: LUXH), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today its commitment to growing the business through non-dilutive funding options. This approach to growth is supported by several factors, including its recent agreement with Wyndham Hotels & Resorts, the successful completion of balance sheet initiatives that have strengthened the Companys financial position and enhanced liquidity, and its ability to leverage its improving asset base... More
