LuxUrban Hotels Yesterday Reported It Expects In FY24 To Increase Its Portfolio Of Hotels Under Long Term Master Lease Agreement With Focus On Higher-Quality 3.5 Star To 4.5-Star Properties; Generate Increased TRevPAR
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels announced its expectation to expand its portfolio in FY24, focusing on acquiring higher-quality 3.5 to 4.5-star properties under long-term master lease agreements. This strategic move is aimed at generating increased Total Revenue per Available Room (TRevPAR).
March 27, 2024 | 12:53 pm
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LuxUrban Hotels aims to enhance its portfolio quality and TRevPAR in FY24 by focusing on 3.5 to 4.5-star properties.
LuxUrban Hotels' strategic focus on acquiring higher-quality properties is likely to attract more guests and increase revenue, positively impacting its stock price in the short term. The emphasis on long-term master lease agreements ensures stability and growth potential, making this news highly relevant and important for investors.
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