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

Operational Efficiency and Strategic Focus - Streamlined operations by improving workflows and implementing cost-saving measures [1] - Exited non-performing properties to focus on high-performing assets [1] - Enhanced revenue management through data-driven strategies to optimize hotel portfolio performance [1] - Added key personnel with deep expertise in hotel operations and revenue management [1] Financial Performance and Projections - Q4 2024 same-store RevPAR expected to reach $242.65, a 7.3% increase, supported by a strong ADR of $272.81, up 10.3% [1] - December 2024 revenue expected to grow by $1.86 million compared to December 2023, driven by an ADR of $307.60, a 24.1% increase [1] - 2024 RevPAR projected at $180.60, with 2025 RevPAR expected to reach $216.58 due to enhanced sales and distribution channels [1] - Revenue projected to range between $62–$67 million based on 8 properties totaling 855 units [1] Market Context and Industry Trends - Upper Midscale NYC market RevPAR grew 9.6% to $200.62 over the trailing 12 months (November STR) [1] - NYC remains one of the highest RevPAR performers in the US, with increased tourism activity driving demand [10] - Anticipated turnover of migrant hotel contracts will return 14,000 rooms to the market [10] - Continued financing pressures on hotel assets create acquisition opportunities in a supply-constrained market [10] Strategic Initiatives and Future Outlook - Transitioning from operating rights to full property ownership to enhance long-term stability and capture financial upside [2] - Focused exclusively on NYC, where significant growth opportunities exist [4] - Positioned to deliver record performance in 2025 with a sharpened focus on profitable growth and strengthened partnerships [4] - Leveraging dislocations in commercial real estate markets and debt maturities to build a robust portfolio in destination cities [9] Portfolio and Distribution Strategy - Operates 9 hotels totaling 1,064 keys, with 855 keys across 8 properties expected to remain in the long-term portfolio [7] - Fully operational OTA partnerships (Agoda, Booking.com, Google, Expedia) and direct booking capabilities in place [7] - Rebranding and ancillary revenue opportunities being pursued to enhance performance and shareholder value [1] Corporate Update and Achievements - Transformative year marked by operational streamlining and building a strong foundation for 2025 growth and profitability [11] - Robust sales and distribution strategies now in place to realize record RevPAR performance [7]