AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: LuxUrban Hotels Inc. (NASDAQ: LUXH) LUXH is our brand new NASDAQ high volatility alert with a big bounce opportunity. LUXH has a history of experiencing significant volatility in a short period of time. LUXH could be presenting a unique opportunity where it has significantly deviated from its 50 day moving average. While an increased gap does not suggest that it will get smaller, it does create the opportunity for upside potential. LUXH has a 50 day moving average of 0.28, more than 86% above Mondayâs close of under 0.15. In addition, LUXH has a RSI of only 28, suggesting the potential for increased upside. In the event that LUXH holds above its recent lows, there exists potential for a big rally higher. LUXH is a NASDAQ listed company that secures âlong-term operating rights for entire hotels through Master Lease Agreements (MLA) and rents out, on a short-term basis, hotel rooms to business and vacation travelersâ. LUXH is âstrategically building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assetsâ. The companyâs âMLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLAâ. Over the past few months, the company has announced multiple accomplishments. In May, the company announced: âLuxUrban Hotels Inc. Announces 2024 First Quarter Financial Resultsâ Here are some of the comments from this press release: "We reported Q1 2024 net rental revenue of $29.1 million, a 27.6% increase from last yearâs first quarter, and adjusted EBITDA of $2.5 million. Our bookings outlook as we enter the seasonally stronger spring and summer months is encouraging," said Shanoop Kothari, Chief Executive Officer. "We have taken a series of actions designed to stabilize our operations, refine our strategy, and align the business to market opportunities that we believe can deliver the best long-term value to our stakeholders. While some of these choices have been difficult, notably our decision to unwind our franchise partnership with Wyndham, we believe that these initiatives are necessary. We remain mindful of the challenges before us and are committed to proactively addressing them. Our priorities for 2024 include improving our working capital resources and cash flow profile while also enhancing our balance sheet and delivering organic revenue growth from revenue management optimizations and ancillary revenues." In June, the company announced: âLuxUrban Hotels Issues Letter to Shareholders from Chief Executive Officer Robert Arigoâ Here are some of the highlights from this press release: - âOver the last several months we have added more than 100 years of relevant industry, operating, and public company experience at the executive and Board levels. This includes Non-Executive Chairman Elan Blutinger, and independent board members Kim Schaefer and Alex Lombardo. At the executive level, we appointed Mike James, a 40-year-old public company and investment executive, to the position of Chief Financial Officer. We have also hired professionals in areas such as revenue management and property operations, each of whom brings a veteran perspective and track-record of delivering value and driving change; these individuals will be integral to the success of our efforts.â
- âWe have completed a cost reduction program that is anticipated to produce annualized cost savings of approximately $2 million. We expect that most of the charges associated with these activities will be incurred in the second quarter of 2024.â Furthermore, as the company further explains: âThe majority of our hotels under management are located in New York City. A global business and vacation destination, New York City expects to welcome an estimated 64.5 million tourists in 2024 during a time when an estimated 16,000 hotel rooms, or approximately 15% of inventory, are now booked to accommodate the influx of migrants.â âDelivering a personal and exceptional end-to-end guest experience is paramount to our long-term success. We believe that, over time, we can mine additional ROI from our property portfolio in several ways, includingâ: - âImplementing a new revenue optimization pricing model that has already produced price increases of greater than 20% at select locations. One of our key goals will be revenue optimization system-wide where market conditions permit.â
- âGenerating new ancillary revenue streams, including in-room dining options, âgourmet-to-goâ marketplaces, valet parking, and destination fees that will deliver an enhanced guest experience.â
- âRolling out a system-wide re-branding initiative and aligning operational talent with hotel industry expertise.â
- âEntering new and revised vendor contracts that deliver supplies and amenities at reduced costs to our Company.â In July, the company announced: - âLuxUrban Hotels Announces Closing of Public Offering of Securitiesâ In addition, last week, the company announced: âLuxUrban Hotels Announces the Launch of LUX 2.0â Here are some of the companyâs comments from this press release: âRobert Arigo, CEO of LuxUrban Hotels Inc., stated, âWe are pleased with the significant progress our new team has made in a relatively short time. Our platform is truly transformative for the hotel industry. Our room rates will increase significantly as we raise rates to be in line with the current prices in the markets we serve. The new management team has leveraged their industry contacts to build a significant pipeline of opportunities for LuxUrbans future portfolio growth. Our timing for this revamped launch of the platform aligns perfectly with the needs of our customers in this financially challenging environment.ââ But thatâs not all⦠On Thursday, the company announced: âLuxUrban Hotels Announces Significant Management and Board Participation in Closing of Public Offeringâ âMIAMI, July 18, 2024 (GLOBE NEWSWIRE) -- LuxUrban Hotels Inc. (âLuxUrbanâ or the âCompanyâ) (Nasdaq: LUXH), which secures long-term operating rights for entire hotels through Master Lease Agreements (MLA) under which it manages the hotel and rents out, on a short-term basis, rooms to business and vacation travelers, today announced significant insider participation in its recently closed public offering. Referencing the July 16, 2024 news release whereby the Company announced the closing of a public offering, for gross proceeds of approximately $5.1 million dollars, and todayâs earlier announcement of the exercise of the underwriterâs over allotment, for gross proceeds of approximately $765,000 dollars, Robert Arigo CEO, Michael James CFO, five board members, and Brian Ferdinand the original founder participated in the offering and invested approximately $1,500,000 or 25% of the total money raised.â LUXH could be in a position to experience increased growth. Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [PR8]( [PR9]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. 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