Hotels News
LuxUrban Hotels, an “asset-light” Miami-based hotel chain that leases buildings instead of buying them, is struggling to emerge from a flood of lawsuits accusing it of shady business practices and not paying its bills. Last month, the firm was slapped by a city-issued $1.2 million fine for operating 70 illegal short-term rentals across Manhattan and Brooklyn.
The rentals, spread across 67 apartments, reaped nearly $4 million for the company between 2019 and 2022. LuxUrban leased these units, advertised them on websites like Booking.com and Expedia, and subletted them to takers for a few days at a time so that the…
Read More
