LuxUrban Hotels Inc. announces –

LuxUrban Hotels Inc. (or “the Company”) (Nasdaq: LUXH)which uses a long-term rental and asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, today announced a strategic partnership with Rebel Hotel Company, a leading Full-Service Technology – Customer-focused hotel management company across the United States.

Under the terms of the agreement, Rebel Hotel Company will assume various operational responsibilities associated with the current and future portfolio of New York City hotel units marketed under the company’s LuxUrban name.MT Mark. LuxUrban Hotels expects to benefit from Rebel Hotel Company’s expertise in managing day-to-day hotel operations, large-scale operational efficiency, project and cost management, access to an experienced talent pool from the industry, B2B sales initiatives, custom branding at the property level, preferential pricing on third-party OTAs, supplies, and other significant cost reductions across the organization.

“Rebel Hotel Company is best-in-class and brings proven success in applying its data-driven management solutions to help streamline operational efficiency, improve guest service and accelerate operational deliverables,” said Brian Ferdinand, President and CEO. of LuxUrban Hotels Inc. efficiently scale our hotel portfolio with the benefit of predictable costs. Specifically, this collaboration delivers margin improvements that we believe the company would not have been able to achieve until at least 2024. Rebel Hotel Company reflects our guest-centric values, and we look forward to working together.

“LuxUrban Hotels is transforming the hotel landscape in major metropolitan cities across the United States by creating distinct synergies with Rebel Hotel Company’s progressive new paradigm for hotel management, and we welcome the opportunity to form this strategic partnership,” said Brian, President and CEO of Rebel Hotel Company. Spaccino. “The company’s unique asset-based operating model relies on long-term master leases, as opposed to traditional equity or debt-driven acquisitions. This approach enables LuxUrban Hotels to operate large hotel assets at significantly lower cost structures and with increased margins at a time when hotel assets are carrying large and distressed debts, both due to rising rates of interest and the lingering effects of travel restrictions and COVID-19 related lockdowns. . Our unparalleled technology, expertise and fee transparency make Rebel Hotel Company the premier partner and hotel management platform of choice that is philosophically aligned with the LuxUrban Hotels operating model.

Rebel hotel company

Rebel Hotel Company combines progressive technologies with management excellence to create a full-service hotel management platform spanning operations, revenue management, procurement, human resources, marketing distribution and hotel partnerships. investment and development. Unparalleled technology, expertise and fee transparency make Rebel Hotel Company a leader and premier partner as a niche hotel management platform fully aligned with hotel investment strategies.

LuxUrban Hotels Inc.

LuxUrban Hotels Inc. utilizes a lean, long-term rental business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities. The future growth of the Company is primarily focused on creating “win-win” opportunities for displaced hotel owners, including those impacted by COVID-19 related travel restrictions, while providing LuxUrban Hotels with favorable operating margins. LuxUrban Hotels operates these properties profitably by leveraging technology to identify, acquire, manage and market them globally to business and vacation travelers through dozens of sales channels and third-party distribution and the company’s own online portal. Guests of LuxUrban Hotels properties enjoy high quality service under the company’s consumer brand, LuxUrbanMT.

Forward-looking statements

This press release contains forward-looking statements, including with respect to the expected closing of rated lease transactions and the continued closing of additional leases for the Company’s pipeline properties, as well as the Company’s expected ability to effectively and profitably market the properties it rents and leases in the future. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those set forth under the heading “Risk Factors” in the prospectus forming part of the Company’s effective registration statement on the form S-1 (File No. 333-262114). Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be realized”. Forward-looking information may relate to anticipated events or results, including, but not limited to, business strategy, lease terms, high occupancy rates, and sales and growth plans.The financial projections provided herein are based on certain assumptions and about existing and expected market, travel and public health conditions that, all of which can change. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements contained or referred to herein. , except in accordance with applicable securities laws.

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