---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-002693"
form_type: "8-K"
ticker: null
cik: "0001893311"
company_name: "LUXURBAN HOTELS INC."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:28:37.186234+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LuxUrban Hotels appoints Elan Blutinger Non-Executive Chairman, Andrew Schwartz to board, Kothari named sole CEO

## Summary
- Elan Blutinger named Non-Executive Chairman; receives $100K annual cash fee and 250K shares annual grant (3-year vesting).
- Shanoop Kothari promoted from co-CEO to sole CEO as planned; retains existing employment terms.
- Founder Brian Ferdinand steps down as Chairman and co-CEO, becomes consultant with monthly fee of $50K for 3-year term.
- Andrew Schwartz, former Silver Point Capital MD, elected to board; board expands to 7 with 6 independents.
- Company adopted amended clawback policy in April 2024 with immaterial clarifying provisions.

## SEC filing metadata
- accession: 0001829126-24-002693
- form_type: 8-K
- cik: 0001893311
- company_name: LUXURBAN HOTELS INC.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/luxurban_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-002693
- JSON: https://secwatch.observer/filing/0001829126-24-002693.json
- Plain text: https://secwatch.observer/filing/0001829126-24-002693.txt

## Key facts
- Executive change
  Brian Ferdinand departed as Chairman of the Board at LUXURBAN HOTELS INC..
  - Action: stepped down
  - Role: Chairman of the Board
  source text: ● As part of such previously announced management transition plan, Brian Ferdinand, our founder, stepped down as our Chairman of the Board and Co-Chief Executive Officer and became a consultant to our company, in which role he will oversee the management and expansion of our hotel properties portfolio and assist Mr. Kothari in his transition to sole Chief Executive Officer;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm
- Executive change
  Andrew Schwartz was elected as director at LUXURBAN HOTELS INC..
  - Action: elected
  - Role: director
  source text: ● Andrew Schwartz, a respected financial industry veteran and credit, debt and equity financing expert, was elected as a member of our board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm
- Executive change
  Shanoop Kothari was named as Chief Executive Officer at LUXURBAN HOTELS INC..
  - Action: named
  - Role: Chief Executive Officer
  source text: ● Shanoop Kothari, our Co-Chief Executive Officer and acting Chief Financial Officer, was named sole Chief Executive Officer, as part of our previously announced management transition plan;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm
- Executive change
  Elan Blutinger was named as Nonexecutive Chairman of the Board at LUXURBAN HOTELS INC..
  - Action: named
  - Role: Nonexecutive Chairman of the Board
  source text: ● Elan Blutinger, a hotel and travel technology veteran and a member of our board of directors, was named our Nonexecutive Chairman of the Board;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm
- Executive change
  Brian Ferdinand departed as Co-Chief Executive Officer at LUXURBAN HOTELS INC..
  - Action: stepped down
  - Role: Co-Chief Executive Officer
  source text: ● As part of such previously announced management transition plan, Brian Ferdinand, our founder, stepped down as our Chairman of the Board and Co-Chief Executive Officer and became a consultant to our company, in which role he will oversee the management and expansion of our hotel properties portfolio and assist Mr. Kothari in his transition to sole Chief Executive Officer;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624002693/0001829126-24-002693-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.