The Townhouse Hotel in Miami Beach Sold

LuxUrban Hotels Inc. (Nasdaq: LUXH) announced today that it has acquired the long-term rights to the Townhouse Hotel in South Beach, Florida via a 21-year Master Lease Agreement, inclusive of option. The Townhouse Hotel - which will be powered by the Company’s consumer facing LuxUrban brand - is expected to commence operations in December 2022.

Located just steps from the beach, the Townhouse Hotel is a 70-unit property located in Miami’s South Beach. The property offers freshly remodeled Standard, Superior and Penthouse accommodations reflecting a chic combination of European style and Miami Beach flair, and a warm and hospitable staff.

The Company has also commenced operations at the Washington Hotel in New York City. As previously announced, the Company acquired the Washington Hotel via a 15-year MLA. Located in downtown Manhattan, the Washington Hotel is a premier, 217-unit luxury hotel with beautifully appointed rooms, a state-of-the-art fitness center, outdoor terrace, and rooftop that offers panoramic vistas of the New York City skyline.

“We are pleased to expand our presence in two of the country’s most exciting and desirable destination cities,” said Brian Ferdinand, Chairman and Chief Executive Officer.