Luxurban hotels and company's chairman and co-ceo mutually agree to cancel $10 million financing arrangement in light of ongoing discussions to enhance access to non-dilutive capital

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 the company is in active late stage discussions with its partner, wyndham hotels & resorts, inc. (“wyndham”), on various aspects of development incentive advances (“key money”), which include accelerating the timing and increa.
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