LuxUrban Hotels Inc. Announces Timing of Regular Monthly Dividend for January 2025 for Series A Cumulative Redeemable Preferred Stock

Core Insights - LuxUrban Hotels Inc. announced a regular monthly dividend of $0.2708333 per share for its 13.00% Series A Cumulative Redeemable Preferred Stock for January 2025, payable on February 28, 2025, to holders of record as of February 15, 2025 [1] Company Overview - LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) and rents out hotel rooms on a short-term basis to business and vacation travelers [2] - The company is strategically building a portfolio of hotel properties in destination cities by capitalizing on dislocations in commercial real estate markets and the large amount of debt maturity obligations on those assets [2] - LuxUrban's MLA allows hotel owners to retain their equity value while the company operates and owns the cash flows of the operating business for the duration of the MLA [2]