Jones Trading Downgrades LuxUrban Hotels Inc. (LUXH) to Hold

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Go back to Jones Trading Downgrades LuxUrban Hotels Inc. (LUXH) to Hold

LuxUrban Hotels Inc. Announces 2024 First Quarter Financial Results

May 13, 2024 5:13 PM EDT

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%... More