Luxurban hotels announces agreement in principle to issue up to $5.0 million senior notes due 2027

Miami, july 29, 2024 (globe newswire) -- luxurban hotels inc. (“luxurban” or the “company”) (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 that it has reached an agreement in principle with certain accredited investors to sell up to $5.0 million aggregate principal amount of new senior notes due 2027 (the "notes") in a private offering exempt from registration under the securities act of 1933, as amended (the “securities act”).
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