| Description | LuxUrban Hotels Inc. utilizes a long-term lease, asset-light business model to acquire and
manage a growing portfolio of short-term rental properties in major metropolitan cities.
The Companys future growth focuses primarily on seeking to create "win-win" opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel
restrictions, while providing LuxUrban Hotels favorable operating margins. LuxUrban
Hotels operates these properties in a cost-effective manner by leveraging technology to
identify, acquire, manage, and market them globally to business and vacation travelers
through dozens of third-party sales and distribution channels, and the Companys own
online portal. Guests at the LuxUrban Hotels properties are provided high quality service
under the Companys consumer brand, LuxUrban.
Additional info from OTC:
LuxUrban Hotels Inc. utilizes a long-term lease, asset-light business model to acquire and
manage a growing portfolio of short-term rental properties in major metropolitan cities.
The Companys future growth focuses primarily on seeking to create "win-win" opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel
restrictions, while providing LuxUrban Hotels favorable operating margins. LuxUrban
Hotels operates these properties in a cost-effective manner by leveraging technology to
identify, acquire, manage, and market them globally to business and vacation travelers
through dozens of third-party sales and distribution channels, and the Companys own
online portal. Guests at the LuxUrban Hotels properties are provided high quality service
under the Companys consumer brand, LuxUrban. |
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