Mr. Arigo joins LuxUrban from M&R Hotel Management, which provides hospitality development, turnaround, and management services to a portfolio of hotels throughout the United States, where he served as Vice President beginning in 2018.
A serial entrepreneur and investor, Mr. Blutinger is Managing Director of Alpine Consolidated, LLC, a merchant bank he co-founded in 1996.
353-Room Historic Property is LuxUrban's Largest Operating Rights Acquisition to Date
LuxUrban Hotels Inc. (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, today announced that The Royalton by LuxUrban, Trademark Collection by Wyndham is expected to begin welcoming guests on or before January 30, 2024.
LuxUrban Hotels Inc. (Nasdaq: LUXH) today announced that it has signed separate 25-year Master Lease Agreements (MLA), inclusive of two five-year options, to operate two new boutique hotels in New York City: The Royalton Hotel and the Truss Hotel.
Company Expects to Add More than 1,600 Rooms to its Portfolio by December 31, 2023
LuxUrban expects to open a new property in midtown Manhattan’s Flatiron District by October 15, 2023 via a 25-year Master Lease Agreement inclusive of two five-year extension options.
LuxUrban Hotels Inc. (Nasdaq: LUXH) announced yesterday that the Hotel 57 in New York City, the Condor Hotel in Brooklyn, and the Lafayette Hotel in New Orleans have been re-branded as 'The Hotel 57, Trademark Collection by Wyndham,' 'The Condor Hotel, Trademark Collection by Wyndham,' and 'The Lafayette Hotel, Trademark Collection by Wyndham,' respectively.
LuxUrban Hotels Inc.(Nasdaq: LUXH) announced today that the Herald Hotel in New York City and O Hotel in Los Angeles have been re-branded as The Herald by LuxUrban, Trademark Collection by Wyndham and O Hotel, Trademark Collection by Wyndham, respectively.
Net Rental Revenue Rose to $31.9 Million from $10.2 Million