LuxUrban Hotels Inc. reiterated earnings guidance for the years ending December 31, 2023 and December 31, 2024. For the year ending December 31, 2023, the company is reiterating its guidance of net rental revenue of $115 million to $120 million.

For the year ending December 31, 2024, the company is reiterating net rental revenue of $220 million to $240 Million. The financial guidance for 2023 and 2024 does not reflect, among other factors, any expected material positive contribution on net rental revenue and EBITDA generated by: a) the commencement of operations at scheduled new properties; and b) the collaboration with Wyndham Hotels & Resorts. The Company expects to update its annual guidance accordingly to reflect these developments.