Luxurban hotels announces non-dilutive financing of up to $10 million to accelerate growth

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, today announced that it has entered into a non-dilutive financing agreement of up to $10 million sponsored by the company's chairman and co-chief executive officer, brian ferdinand. the financing will take the form of a 36-month unsecured advancing te.
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