LuxUrban Hotels sees FY25 revenue $62M-$67M

LuxUrban currently operates 9 hotels totaling 1,064 keys, with 855 keys across 8 properties expected to remain in its long-term portfolio: Blakely Hotel – 117 rooms; Tuscany Hotel – 124 rooms; Washington Hotel – 217 rooms; The Herald – 166 rooms; Hotel 27 – 74 rooms; BeHome – 43 rooms; The Condor – 35 rooms; Hotel 46 – 79 rooms; Hotel 57 – 209 rooms. With robust sales and distribution strategies now in place, combined with fully operational OTA partnerships and direct booking capabilities, LuxUrban is positioned to realize RevPAR performance at record levels. Revenue Outlook for 2025: Revenue is projected to range between $62-$67M, based on 8 properties totaling 855 units. RevPAR Growth: 2024 RevPAR performance is expected to finish at $180.60, with 2025 RevPAR projected to reach $216.58, driven by enhanced sales and distribution channels. Current Initiatives: Rebranding and ancillary revenue opportunities. Consistent tracking and modeling of RevPAR improvements to enhance performance and shareholder value. Strategic Focus on NYC: LuxUrban will focus exclusively on New York City, where significant growth opportunities exist: NYC remains one of the highest RevPAR performers in the United States. Anticipated turnover of migrant hotel contracts, returning 14,000 rooms to the market. Continued financing pressures on hotel assets, creating acquisition opportunities in a supply-constrained market. Increased tourism activity driving demand for accommodations.