LuxUrban Hotels Inc. (Nasdaq: LUXH) announced today that it has acquired the long-term rights to the Townhouse Hotel in South Beach, Florida via a 21-year Master Lease Agreement, inclusive of option. The Townhouse Hotel – which will be powered by the Company’s consumer facing LuxUrban brand – is expected to commence operations in December 2022.
Located just steps from the beach, the Townhouse Hotel is a 70-unit property located in Miami’s South Beach. The property offers freshly remodeled Standard, Superior and Penthouse accommodations reflecting a chic combination of European style and Miami Beach flair, and a warm and hospitable staff.
