LuxUrban Issues Corporate update and 2025 Revenue Guidance of $62–$67 million

Core Insights - LuxUrban Hotels Inc. has made significant progress in operational efficiency and financial stability, setting a strong foundation for growth in 2025 [1][2][4] Business Highlights and Achievements - LuxUrban operates 9 hotels with a total of 1,064 keys, focusing on 8 properties with 855 keys for long-term portfolio retention [2] - The company has established partnerships with major online travel agencies (OTAs) and improved direct booking capabilities, positioning itself for record RevPAR performance [2] - Same-store RevPAR is expected to finish Q4 at $242.65, reflecting a 7.3% increase, supported by an ADR of $272.81, which is up 10.3% [5] - December 2024 revenue is projected to exceed December 2023 by $1.86 million, driven by an ADR of $307.60, marking a 24.1% increase [5] Revenue Outlook for 2025 - Revenue is projected to range between $62 million and $67 million based on the performance of 8 properties totaling 855 units [5] - 2024 RevPAR performance is expected to finish at $180.60, with 2025 RevPAR projected to reach $216.58 due to enhanced sales and distribution channels [5] Strategic Focus - The company is concentrating its efforts on New York City, where significant growth opportunities are anticipated [6] - LuxUrban is transitioning from securing long-term operating rights to acquiring and managing hotel properties outright, aiming for enhanced control and value creation [7][8] - The strategic pivot allows LuxUrban to focus on full property ownership, providing long-term stability and capturing financial upside [8] Market Context - NYC remains one of the highest RevPAR performers in the U.S., with anticipated turnover of migrant hotel contracts returning 14,000 rooms to the market [10] - Continued financing pressures on hotel assets are creating acquisition opportunities in a supply-constrained market, alongside increased tourism activity driving demand for accommodations [10]