353-Room Historic Property is LuxUrban's Largest Operating Rights Acquisition to Date
Highgate announced today that it has assumed management of the landmark Joule in Dallas and Le Meridien Central Park in New York City and will be managing the upcoming Amrit Ocean Resort in Singer Island, Monterey Beach Hotel and the redevelopment of the Bellevue Hotel Philadelphia, which will all open in 2024.
LuxUrban Hotels Inc. (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 Royalton by LuxUrban, Trademark Collection by Wyndham is expected to begin welcoming guests on or before January 30, 2024.
Choice Hotels International, Inc. (NYSE: CHH) annouced with the addition of the Mayfair Hotel, Ascend Hotel Collection. The Mayfair Hotel joins the Ascend Hotel Collection's existing New York City hotels the Blue Angel Hotel, The L Hotel and the Insignia Hotel as the brand continues its growth across the city's boroughs.
LuxUrban Hotels Inc. (Nasdaq: LUXH) 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.
The suites, including Metropolis, Tribeca and The Gotham Collection, recreate a luxurious Tribeca residential setting, each featuring a curated design honouring the craftsmanship and character of Downtown New York.
LuxUrban expects to open a new property in midtown Manhattan’s Flatiron District by October 15, 2023 via a 25-year Master Lease Agreement inclusive of two five-year extension options.
LuxUrban Hotels Inc.(Nasdaq: LUXH) announced today that the Herald Hotel in New York City and O Hotel in Los Angeles have been re-branded as The Herald by LuxUrban, Trademark Collection by Wyndham and O Hotel, Trademark Collection by Wyndham, respectively.
The Blakely by LuxUrban, Trademark Collection by Wyndham is a 117-room, English-style boutique hotel located just north of Times Square providing easy access to popular New York City attractions such as Central Park, Carnegie Hall, Radio City Music Hall, and the Museum of Modern Art.
LuxUrban Hotels Inc. (Nasdaq: LUXH) announced today that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City’s Times Square: The Hotel at Times Square and Hotel 46 Times Square.