Luxurban hotels to operate two new four-star boutique hotels in new york city

Miami--(business wire)--luxurban hotels inc. (“luxurban” 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 signed separate 25-year master lease agreements (mla), inclusive of two five-year options, to operate two new boutique hotels in new york city: the royalton hotel and the truss hotel. these properties will be re-.
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