Streetbeat News

LUXH

LuxUrban Hotels Inc.

https://www.corphousinggroup.com

Industry

Travel Lodging

CorpHousing Group Inc. acquires and manages a portfolio of short-term rental properties in metropolitan cities in the United States. The company operates properties by leveraging technology to identify, acquire, manage, and market properties to business and vacation travelers under the consumer brand, LuxUrban. As of June 30, 2022, it managed a portfolio of 584 multi-family and hotel units located in metropolitan cities in California, New York, Florida, Washington, Colorado, Massachusetts, and Washington D.C. The company was formerly known as CorpHousing LLC. The company was founded in 2017 and is based in Miami, Florida.

Open

0.05

Mkt cap

6.8M

Volume

21M

High

0.06

P/E Ratio

-0.02

52-wk high

6.88

Low

0.05

Div yield

N/A

52-wk low

0.03

Pitney Bowes shares surged over 12% in pre-market trading after selling part of its e-commerce business to Stord. Other notable pre-market movers include Cognition Therapeutics, Longeveron, and Abbott Laboratories, among others.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 9:26 am

LuxUrban Hotels has announced the pricing of its public offering of approximately $1.74 million, consisting of 11,573,333 common shares at $0.15 per share.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:48 am

LuxUrban Hotels Inc. (NASDAQ:LUXH) has announced a proposed follow-on public offering of its common stock. The company has not disclosed the size or amount of the offering. Additionally, LuxUrban intends to grant underwriters a 45-day option to purchase up to an additional 15% of the shares sold in the offering.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:02 pm

The article highlights four oversold real estate stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Luxurban Hotels Inc (NASDAQ:LUXH), Generation Income Properties Inc (NASDAQ:GIPR), Medalist Diversified REIT Inc (NASDAQ:MDRR), and Safe & Green Development Corp (NASDAQ:SGD).

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:16 pm

Insiders are buying shares of LuxUrban Hotels, Tecogen, and PodcastOne, indicating confidence in these companies. LuxUrban Hotels' CFO and other directors bought shares following a public offering. Tecogen's director purchased shares despite recent financial losses. PodcastOne's director acquired shares as the company reported strong quarterly revenue.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 1:01 pm

LuxUrban Hotels announced that the underwriter of its underwritten public offering has exercised its over-allotment option in full to purchase an additional 4.5 million shares at the public offering price of $0.17 per share.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 11:21 am

LuxUrban Hotels received a notice of delisting or failure to satisfy a continued listing rule or standard from Nasdaq on June 11, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:23 pm

LuxUrban Hotels Inc. (NASDAQ:LUXH) has appointed Robert Arigo as its new CEO, effective June 10, 2024. Arigo, who joined the company in March 2024 as COO, brings over 35 years of experience in the hotel and hospitality industry.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:05 pm

LuxUrban Hotels has appointed Michael James as its new CFO. Mr. James expressed his enthusiasm for the role and his commitment to working with the executive team to drive financial and operational improvements.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:17 pm

LuxUrban Hotels Inc (NASDAQ:LUXH) shares dropped by 10.6% to $0.28 after the company announced the formation of a Special Committee to explore strategic initiatives aimed at maximizing shareholder value. The committee will consider various strategic transactions, including equity and debt financing, sales, mergers, and acquisitions. No specific timeline has been set, and the company is not currently engaged in any transaction or has hired advisors for the committee’s work.

Portfolio Pulse from Henry Khederian

June 04, 2024 | 3:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.