LuxUrban in MLA deals for LA hotel O and 101 Bogart Street in NY, no terms

LuxUrban Hotels announced that it has signed separate, multi-year Master Lease Agreements MLAs to operate two short-term stay hotels: The O Hotel in downtown Los Angeles, CA via a 20-year MLA, inclusive of options; and 101 Bogart Street in Brooklyn, NY via a 10-year MLA. The O Hotel establishes LuxUrban’s presence in Los Angeles and 101 Bogart Street increases the Company’s property density in New York City. These short-term stay hotels will be marketed to business and vacation travelers via the Company’s consumer facing LuxUrbanTM brand. Inclusive of these new properties, LuxUrban has 17 short-term stay hotels under lease in Los Angeles, Miami, New Orleans, New York