Luxurban hotels signs master lease agreements to operate boutique hotels in new york city and los angeles adding 214 units to its portfolio

Miami--(business wire)--luxurban hotels inc. (nasdaq: luxh) (or “the company”), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced today that it has signed a 25-year master lease agreement (mla), inclusive of two five-year options, to operate the condor hotel in williamsburg, brooklyn (“condor hotel”). the company also signed a 15-year mla, inclusive of one five-year op.
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