Luxurban hotels announces closing of public offering of securities

Miami--(business wire)--luxurban hotels inc. (“luxurban” or the “company”) (nasdaq: luxh), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced that it closed its previously announced public offering of 35,075,000 shares of common stock, including the full exercise by the underwriters of their over-allotment option to purchase 4,575,000 shares of common stock, at a price of $0.25 per shar.
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