Luxurban hotels announces pricing of series a cumulative redeemable preferred stock offering

Miami--(business wire)--luxurban hotels inc. (or the “company”) (nasdaq: luxh), 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 the pricing of an underwritten public offering of an initial 280,000 shares of its 13.00% series a cumulative redeemable preferred stock (the “series a preferred stock”) with a liquidation preference of $25.00 per share, resulting in g.
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