LuxUrban Hotels (NASDAQ: LUXH): Hotel Company Taking Advantage of the Dislocation in Commercial Real Estate

My guest on the show today is Shanoop Kothari, Co-CEO and CFO of LuxUrban Hotels, Inc. (NASDAQ: LUXH). LuxUrban Hotels Inc. utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities. The Company’s future growth focuses primarily on seeking to create “win-win” opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel restrictions, while providing favorable operating margins.

The LuxUrban business model is a little different than your traditional hotel operator. The nuance, as Shanoop describes, is that they enter master leases with hotel owners, where they have control of the asset, just don't own the asset. We dive deeper into what this means, as well as:

• Why the company decided to focus solely on the hotel business
• Nature of LuxUrban's relationship with Wyndham; why they chose them over, say a booking.com for just the reseller aspect of the business
• Whether its getting harder or easier to get more leases; in essence, is it getting easier or harder to scale the business; and,
• Shanoop's 3-5 year vision for the company

For more information about LuxUrban Hotels, please visit: https://luxurbanhotels.com/

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