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LuxUrban Hotels ( (LUXH) ) has issued an announcement.
LuxUrban Hotels Inc. has announced significant changes in its board of directors, with the appointment of Brian Ferdinand as the interim Chief Executive Officer and the addition of four new directors: Brandon Elster, Alex Moinian, Daniel Shapiro, and Bradley Theodore. These appointments come after the resignations of several directors and are aimed at reinforcing the company’s leadership and governance. The new directors bring diverse expertise from fields such as real estate development and digital media marketing, which may enhance LuxUrban’s strategic positioning in the hospitality industry. Furthermore, the company has decided not to proceed with a potential joint venture with Lockwood Development Partners LLC, indicating a shift in its strategic priorities.
More about LuxUrban Hotels
YTD Price Performance: -99.73%
Average Trading Volume: 897,649
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.01M
Find detailed analytics on LUXH stock on TipRanks’ Stock Analysis page.
