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LuxUrban Hotels Strategically Transitions to OTC Market to Accelerate Growth and Profitability
LUXHLuxUrban Hotels (LUXH) GlobeNewswire·2025-01-16 19:06

Significant Cost Savings Drive Strategic Investments: Transition to OTC reduces compliance costs, freeing capital to expand hotel asset ownership and fuel growth.Sharpened Focus on Core Business Execution: Streamlined operations enable LuxUrban to optimize properties and enhance guest experiences.Asset Acquisition Strategy to Boost Profitability: Targeted hotel acquisitions aim to strengthen market presence and improve profit margins.Achieves Positive Operational Cash Flow: December 2024 marks a milestone a ...