LuxUrban Hotels Adds Three New Properties To Trademark Collection By Wyndham
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels Inc. (NASDAQ:LUXH) has announced the addition of three new properties to the Trademark Collection by Wyndham. The Hotel 57 in New York City, the Condor Hotel in Brooklyn, and the Lafayette Hotel in New Orleans have been rebranded under the Wyndham banner. The company also announced the expected opening of a new boutique hotel in New York City in October 2023. LuxUrban expects that at least 60% of its hotels will join the Wyndham platform by the end of Q3 2023, with the remainder to be added by the end of the year.
September 21, 2023 | 8:17 pm
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POSITIVE IMPACT
LuxUrban's addition of three new properties to the Wyndham brand and the planned opening of a new hotel could potentially increase its revenue and market presence.
The addition of new properties and the planned opening of a new hotel could potentially increase LuxUrban's revenue and market presence. This could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wyndham's partnership with LuxUrban Hotels Inc. could potentially increase its brand presence and customer base.
Wyndham's partnership with LuxUrban Hotels Inc. could potentially increase its brand presence and customer base. This could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80