Luxurban hotels signs master lease agreements to operate two hotels in new york city's times square

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 separate agreements to enter into 35-year master lease agreements (mlas), each inclusive of two five-year options, to operate two new properties in new york city's times square: the hotel at times square and hotel 46.
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