Luxurban hotels inc. increases growth capital by $5 million via amended revenue share agreement

Miami--(business wire)--luxurban hotels inc. (nasdaq: luxh) (or “the company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it has entered into an amended revenue share agreement (“rsa”) with its lenders that will immediately increase the company's growth capital by $5 million through the elimination and conversion of certain payment obligations.
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