---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-003301"
form_type: "8-K"
ticker: null
cik: "0001893311"
company_name: "LUXURBAN HOTELS INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:22:03.466190+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LuxUrban Q1 net loss widens to $16.8M; revenue up 27.6% to $29.1M; exits Wyndham franchise

## Summary
- Net rental revenue rose 27.6% YoY to $29.1M, driven by more rooms (1,535 vs 571) but lower TRevPAR.
- Net loss was $16.8M vs $2.8M loss in Q1 2023; adjusted EBITDA fell to $2.5M from $4.0M.
- Gross loss of $4.6M vs prior-year gross profit of $5.4M, reflecting $12.1M increase in other expenses.
- Cash and equivalents $1.0M at March 31, 2024; company terminated Wyndham franchise agreements on May 6, 2024.
- Priorities for 2024 include improving working capital, balance sheet, and organic revenue growth.

## SEC filing metadata
- accession: 0001829126-24-003301
- form_type: 8-K
- cik: 0001893311
- company_name: LUXURBAN HOTELS INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1893311/000182912624003301/0001829126-24-003301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1893311/000182912624003301/luxurban_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-003301
- JSON: https://secwatch.observer/filing/0001829126-24-003301.json
- Plain text: https://secwatch.observer/filing/0001829126-24-003301.txt

## Key facts
- Earnings Releases
  LUXURBAN HOTELS INC. reported the first quarter ended March 31, 2024 results: revenue $29.1 million, net income $(16.8) million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $29.1 million
  - Net income: $(16.8) million
  - Result: reported results
  source text: this release. The Company also announced that it will file its Form 10-Q with the Securities and Exchange Commission on May 13, 2024. “We reported Q1 2024 net rental revenue of $29.1 million, a 27.6% increase from last year’s first quarter, and adjusted EBITDA of $2.5 million. Our bookings outlook as we enter the seasonally stronger spring and summer months is
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893311/000182912624003301/0001829126-24-003301-index.htm

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