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The Mayor’s Office of Special Enforcement is pursuing LuxUrban for fines incurred under its previous operating name, Bisnow can first report.
https://www.bisnow.com/news/new-york/hotel/exclusive-nyc-sues-luxurban-for-bouncing-check-failing-to-pay-12m-fine-129006
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The company has been embroiled in turmoil as it eyes taking over hotels across the country.
https://www.bisnow.com/news/national/hotel/dogged-by-mistakes-fine-lawsuits-and-a-short-seller-hotel-chain-shakes-up-leadership-123302
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The longtime former CEO and chairman of the troubled hotel company has filed for bankruptcy, months after LuxUrban filed for liquidation.
https://www.bisnow.com/new-york/news/hotel/luxurban-founder-files-for-personal-bankruptcy-132635
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Sunair Products bought an industrial project in North Richland Hills that features 12K SF of office space and a nearly 112K SF cross-dock warehouse.
https://www.bisnow.com/dallas-ft-worth/news/deal-sheet/sunair-products-to-double-size-of-hq-with-new-industrial-buy-the-dfw-deal-sheet-133275
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Learn more about Brian Ferdinand in commercial real estate.
https://www.bisnow.com/tags/brian-ferdinand
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The hotel operator, which filed for Chapter 11 bankruptcy last week, is now being pursued by unsecured creditors, including a union representing workers.
https://www.bisnow.com/news/new-york/hotel/luxurban-still-taking-bookings-at-shuttered-hotels-unsecured-lenders-turn-to-courts-131086
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The hotel company’s founder and onetime co-CEO s liability insurance will pay out the cash to investors.
https://www.bisnow.com/news/national/hotel/luxurbans-former-leaders-settle-class-action-suit-for-3m-133864
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The hotel chain, LuxUrban, rented rooms that it didn t operate to customers, which government attorneys called dangerous.
https://www.bisnow.com/news/new-york/hotel/justice-department-cites-gross-negligence-in-bid-to-take-over-bankrupt-hotel-chain-131330
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The Marketing Directors are a renowned development advisory with over 35 years of real estate experience. Discover their comprehensive sales and leasing programs for successful sell-outs of residential developments.
https://www.themarketingdirectorsinc.com/
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Since the IPO LuxUrban has been on a leasing spree, and revenue has followed: growing from a reported $21 million in 2021 to 2023E revenue of $123 million. Units have grown similarly, and LuxUrban believes the growth wil
https://www.bleeckerstreetresearch.com/research/luxurban-hotels-luxh-the-bed-sheets-should-be-made-out-of-red-flags
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