LuxUrban Hotels Signs Master Lease Agreements to Operate Two Hotels in New York City’s Times Square

LuxUrban Hotels Inc. | June 5, 2023

MIAMI--LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City’s Times Square: The Hotel at Times Square and Hotel 46 Times Square. Each of these properties will operate under the Company’s LuxUrban brand. The Hotel 46 Times Square, consisting of 79 rooms, and The Hotel at...