LuxUrban Hotels initiated with an Outperform at Northland
The Fly

LuxUrban Hotels initiated with an Outperform at Northland

Northland analyst Nehal Chokshi initiated coverage of LuxUrban Hotels with an Outperform rating and $8 price target. Proprietary data points and the firm’s “rigorous analysis” give it confidence that LuxUrban is a 14% free cash flow margin company at maturity, the analyst tells investors. LuxUrban is “well positioned” to pick up about 5% share of 124,000 New York City hotel rooms exposed to interest rate risk over the next three years and the firm expects the company to generate about $80M of free cash flow by calendar year 2027, the analyst added.

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