LuxUrban Hotels Inc. (LUXH) operates by leasing entire hotels on a long-term basis and renting out hotel rooms to guests. The company focuses on properties in major U.S. cities and caters to business and vacation travelers under its consumer brand, LuxUrban. Revenue is primarily generated through hotel room rentals and ancillary services.
- Hotel Room Rentals - Leases entire hotels on long-term agreements and rents out rooms to guests, serving as the primary revenue source.
- Ancillary Services - Offers additional services such as cancellable room rate fees, resort fees, late and early check-in/out fees, baggage fees, parking fees, grab-and-go food service fees, and upgrade fees.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brandon Elster ExecutiveBoard | President | Brandon Elster is the President of LUXH since December 20, 2024 and has been serving as Chief Development Officer since March 2024. Previously, he was Vice President of Operations from November 2022 to March 2024 and served on the Board of The Blackstone Valley Chamber of Commerce from April 2020 to January 2021. | ||
Jimmie Chatmon Executive | Director of Revenue Management | Jimmie Chatmon is the Director of Revenue Management at LuxUrban Hotels Inc. as of 2023. Previously, he served as Chief Operating Officer (starting November 2022) and Executive Vice President (from November 2017 to November 2022) and was a Board member from November 2021 until March 2024. | ||
Karl Rothman Executive | Chief Accounting Officer | Karl Rothman is the Chief Accounting Officer at LuxUrban Hotels Inc. since January 2022, having previously served as the Chief Financial Officer from May 2021 to January 2022. He also was the President and Owner of Rothman and Company from December 2012 to November 2020. | ||
Robert Arigo Executive | Chief Executive Officer | Robert Arigo is the Chief Executive Officer at LuxUrban Hotels Inc. since August 20, 2024. Previously, he served as the Chief Operating Officer since March 2024 , leveraging over 35 years of leadership experience in the hospitality industry. | ||
Shanoop Kothari Executive | Chief Executive Officer | Shanoop Kothari is the Chief Executive Officer of LuxUrban Hotels Inc. since March 2024. He previously served as Chief Financial Officer since January 2022 and as President from January 2023 to October 2023. |
- Considering the significant discounting of presold inventory at rates below market, how will management ensure the transition to higher ADRs when the presold rooms expire at the end of 2024, and what safeguards are in place to prevent similar shortfalls in future quarters?
- With net rental revenue declining by 43% and T RevPAR dropping from $257 to $188, what concrete strategies will management employ to reverse these trends while balancing rate improvements with occupancy levels?
- You mentioned one-time operating expenses contributing to the Q1 and Q2 variances; can you quantify these expenses and explain how you expect the cost structure to stabilize as the company scales under the Lux 2.0 strategy?
- Given the exit from non-strategic properties and the related potential legal and settlement costs, what is the anticipated financial impact of any remaining liabilities, and how might these affect future operating margins?
- With NASDAQ compliance currently dependent on a reverse stock split to achieve a market cap above $35 million, what is management’s detailed contingency plan if the expected cash flow improvements do not materialize as projected in the near term?
Research analysts who have asked questions during LUXURBAN HOTELS earnings calls.
Matthew Erdner
JonesTrading Institutional Services
3 questions for LUXH
Allen Klee
Maxim Group
2 questions for LUXH
Daniel Kurnos
The Benchmark Company, LLC
2 questions for LUXH
Derek Greenberg
Maxim Group
2 questions for LUXH
Jonathan Whitehead Old
Not specified in transcript
2 questions for LUXH
Nehal Chokshi
Northland Capital Markets
2 questions for LUXH
Thomas Kerr
Zacks Investment Research
2 questions for LUXH
Kris Tuttle
IPO Candy
1 question for LUXH
Matt Skoan
Encora
1 question for LUXH
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company identifies this competitor as a traditional hotel brand that competes with its room rental operations, offering a range of accommodations and services to travelers. | |
This competitor is mentioned as another traditional hotel brand competing in the same space, providing accommodations and services to both leisure and business travelers. | |
This online travel platform is highlighted as a third-party booking portal through which the company generates a significant portion of its revenues, competing for customer traffic and bookings. | |
VRBO | This platform is noted as a competitor in the online vacation rental space, offering alternative accommodations to travelers. |
This competitor is described as an online vacation rental platform that provides non-traditional accommodations, directly competing with the company's offerings. | |
This online travel agency is mentioned as a competitor that facilitates bookings and competes for customer traffic in the travel and accommodations market. |
Recent press releases and 8-K filings for LUXH.
- LuxUrban Hotels Inc. entered into a Stipulation of Settlement on June 6, 2025, with 123 Washington LLC to resolve litigation concerning its leasehold interest in the hotel property at 123 Washington Street, New York, New York.
- Under the terms of the settlement, the Company will make a total payment of approximately $3.4 million, payable in installments through November 2026, which fully satisfies a previously entered judgment exceeding $12 million.
- Included in the total settlement, the Company will satisfy approximately $2.57 million in accrued obligations to the New York Hotel Trades Council and Hotel Association of NYC Benefit Funds, with monthly payments of approximately $183,000 made to the Landlord.
- The Settlement Agreement also provides for the elimination of approximately $7.5 million in additional liabilities, including use and occupancy arrears, from the Company's balance sheet.
- Combined with a previously disclosed settlement related to Hotel 57, the Company has reduced or satisfied approximately $7.1 million in union-related obligations over the past 60 days.