Jonathan Whitehead Old's questions to LuxUrban Hotels Inc (LUXH) leadership • Q2 2024
Question
Jonathan Whitehead Old asked about LuxUrban's forward-looking financial profile for 2025, once the dilutive presold room inventory is gone. He specifically inquired about potential RevPAR, EBITDA margins, and future ADR, as well as the expected timeliness of future financial reports.
Answer
CEO Robert Arigo stated that with the presold inventory expiring at the end of 2024, the company expects substantial, natural RevPAR and ADR growth. He expressed confidence in the NYC market, projecting at least 15% ADR growth in Q4 2024, and noted the new management team is resegmenting the business to capture higher-value guests. CFO Michael James added that his top goal is to ensure future financial reports are clean and filed on time.