3. Recent News: ï LuxUrban Hotels Inc. Signs Master Lease Agreements for the O Hotel in Los Angeles and 101 Bogart Street in Brooklyn, New York ï LuxUrban Hotels Inc. Increases Growth Capital by $5 Million via Amended Revenue Share Agreement ï LuxUrban Hotels Inc. Announces Preferred U.S. Hotel Partnership Agreement with NusaTrip ï LuxUrban Hotels Inc. Announces Artist Bradley Theodore as First Brand Ambassador ï LuxUrban Hotels Inc. Reiterates 2022 Full Year Net Rental Revenue and EBITDA Guidance ï LuxUrban Hotels Inc. Expands Presence in Miami Beach with Acquisition of Th e Townhou se H otel ï LuxUrban Hotel s A nnoun ces E xecutiv e P romotion s a n d T ransition ï LuxUrban Hotels Inc. Announces 2022 Third Quarter Financial Results ï LuxUrban Hotels Inc. Schedules 2022 Third Quarter Financial Results & Conference Call ï LuxUrban Hotels Inc. Provides Net Revenue and EBITDA Guidance for 2022 & 2023 ï LuxUrban Hotels Inc. Announces Strategic Partnership with Rebel Hotel Company ï CorpHousing Group Inc. Announces Name Change & Rebranding to LuxUrban Hotels Inc. ï CorpHousing Group announced today that it plans to open: ï T he Lafayette Hotel powered by LuxUrbanTM in New Orleans, LA on November 1 & ï The Washington powered by LuxUrban in downtown New York City on November 19 Management Team: Brian Ferdinand C o-founder and Chief Executive Officer Mr. Ferdinand founded LuxUrban Hotels (previously named CorpHousing Group) in 2017. He has more than 22 years of business and industry experience, including serving as Chief Operating Officer at VacationRentals LLC, a provider of loyalty-branded, ho t e l - alternative accommodations from 2015 to 2017. J J J i i i m m m m m m i i i e e e C C C h h h a a a t t t m m m o o o n n n Chief Operating Officer Mr. Chatmon was named Chief Operating Officer in November 2022. Mr. Chatmon has served as an Executive Vice President since 2017 and as a director in the company since 2021. In this role he helps LuxUrban Hotels grow in the hospitality marketplace. Overseeing our revenue management team, Mr. Chatmon draws on extensive experience and analytical expertise in designing pricing, inventory and distribution strategies. Prior to LuxUrban Hotels, Mr. Chatmon worked in sales and revenue management at Vacation Rentals LLC, a provider of loyalty-branded, hotel-alternative accommodations. Mr. Chatmon earned his B.S. in Business Administration from the University of Miami. Shanoop Kothari Chief Financial Officer Mr. Kothari joined LuxUrban Hotels (previously known as Corporate Housing Group) as CFO in January 2022. He brings over 25 years of accounting, finance and capital markets experience. He previously served as the CFO of NuZee Inc, an environmentally friendly coffee co-packing services company where he also served as Chief Operating Officer and as a director. Prior to NuZee, Mr. Kothari was a Managing Director at B. Riley FBR where he oversaw the provision of a wide range of financial services to FBRís oil and gas clients. Mr. Kothari was the CFO of a private oil and gas refinery joint venture with HollyFrontier and an investment banker at Credit Suisse. Earlier in his career, he served in a variety of capacities for BindView Development, a publicly traded software company, including as CFO. Before joining Price Waterhouse, an international accounting and consulting firm as a senior auditor, he received a BA in Accounting from Southern Methodist University and an MBA from Rice University. He is a licensed CPA and CIA and possesses Series 7 / 24 / 63 licenses. 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2. Continue Reading for Recent News & Our Disclaimer... Market Focus: Building a growing property portfolio by signing long-term leases to acquire hotel units in highly desirable destination cities across the United States Employing data-driven analysis to cost-effectively identify, acquire, manage and market these short-stay units to business and vacation travelers via third-party travel sites and our proprietary customer-facing brand, LuxUrbanTM. Focused on generating predictable revenue streams, expanding operating margins, and positive cash flow by enhancing enterprise-wide operational efficiencies and increasing unit occupancy rates, ADRs and RevPAR Delivering superior Guest experiences Benefiting from favorable industry tailwinds; the global travel accommodation market size was $632.8 billion in 2018 and is projected to reach $893 billion by 2026* * ìTravel Accommodation Market Outlook ó 2026î published by Allied Market Research Initial Strategy Replacing Traditional Contracts Overbe ar ing Large Corporate Management COVID- Related Hotel Closures Empty Office To Hotel/Residence Conversions x CLOSED DUE TO OFFICE > HOTEL Multi-family STR Occupancy & Stabilization $ Transition to Current Strategy ID $5.4 $8.3 $21.4 $ 30.9 $42 -$ 46 $100- $110 Net Revenue (in MMs) * Measured at midpoint of es � mate CAGR ( 20 19-2021) = 99% CAGR ( 20 19 ñ 2023 E * ) = 110% $(0.1) $(4.0) Net Revenue EBITDA $(0.6) $ 6.5 $7-$9 $16 -$ 20 FY 2021 (1) FY 2020 (1) FY 2019 (1) YTD 2022 ( 2) FY 2022 (E) FY 2023 (E) (1) Se e audited financial statements included in Companyís Registration Statement of Form S-1 (No. 333-2 622117 ) (2 ) See unaudited financial statements included in Company’s Form 10-Q filed November 14, 2022 Financial Overview & Outlook: Business Strategy: Considering the company has made significant strides to redefining their strategy, Brian Ferdinand (CEO) feels that the corporate identity under the brand name ìLuxUrban Hotelsînow reflects the Companyís ongoing evolution towards acquiring and managing, via long-term leases, short-term rental hotel properties in major metropolitan cities. The Company currently operates approximately 1,200 short term hotel rental units, and are in various stages of negotiation with a variety of potential partners that represent thousands of additional hotel units located in destination cities. Mr. Ferdinand stated ìWe believe that we are well positioned to advance our highly scalable, predictable, and profitable business model and look forward to our future with confidenceî
1. Acorn Management Partners February 202 3 LuxUrban Hotels Inc. (Nasdaq: LUXH) 1 / 30 / 2 3 $ 1. 69 ~ 46 . 63 m $ 2 . 2 9 m ~ 1 % 76.3 % 26.53 m Date: Price Mkt. Cap: ~Cash*: Institutional Ownership: Insider Ownership: Shares Outstanding*: Float: 4.67 m AVG. Volume: 35 . 31 k * As of most recent filing Continue Reading for More Information, Recent News & Our Disclaimer... Lodging Long-term lease Asset-light Industry: LuxUrban Hotels Inc., leverages technology to identify, acquire, manage, and market hotel rooms to business and vacation travelers under the consumer brand, LuxUrban. LuxUrban is rapidly expanding its portfolio of hotels by acquiring distressed assets at favorable economics and re-opening hotels closed during the pandemic. The combination of available quality properties on favorable terms, our existing operational and revenue management expertise, and the re-emegence of global travel, provides an unprecedented opportunity to accelerate the number of guests we serve with a luxury experience at a reasonable price. Operational Highlights: From Q.3 Results For the 2022 nine-month period, all in RevPAR rose 73% year over year to $191 from $110, and occupancy rates improved to 87% from 71% Currently operate approximately 1,200 short term hotel rental units, which have been fully funded Expect to operate a total of approximately 1,500 short term hotel rental units by or around December 31, 2022, with no outside funding required for the additional 300 units Launched corporate rebranding initiative Implemented initiatives to expand margins, generate positive cash flows, and drive profitability Hotels: The Variety Hotel - Miami Beach Hotel Astor - Miami Beach La Flora Hotel - Miami Beach Impala Hotel - Miami Beach The Blakely Hotel, NYC Marriot Herald Square, NYC Tuscany Hotel, NYC Lafayette Hotel, New Orleans Georgetown Residences - Washington D.C. Residences: The Woodly (apartment) - Washington D.C. The Backlot (apartment) - Los Angeles 12th & Ocean Drive (apartment) - Miami Beach Griffis Union Station (apartment) - Denver CO