LuxUrban Hotels Inc.

Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to

Are you a current or former employee of the company?*YesNo


+Additional Purchases


+Additional Sales

If you prefer, you may submit your transaction information or comments/questions in the box below:

There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.

We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at, or by email at

If you choose to take no action, you can remain an absent class member.

Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.

The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Portnoy Law Firm
Lesley F. Portnoy, Esq.,
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067

The complaint centers around allegations that during the Class Period, the Defendants issued materially false and/or misleading statements and also failed to disclose critical adverse details regarding the Company’s business operations and future outlook. Specifically, the Defendants did not inform investors that:

  1. The Company had not actually secured a lease agreement with the Royalton Hotel, contrary to their announcement in November 2023.
  2. Consequently, LuxUrban’s reported total number of units was inaccurately inflated.
  3. LuxUrban was involved in multiple legal disputes due to failing to pay rent, with lawsuits filed by landlords of at least four properties within the last six months, none of which were disclosed to investors.
  4. These omissions and false statements made by the Defendants led to a misleadingly positive portrayal of LuxUrban’s business activities, operational status, and potential for future success.

The situation unraveled when Bleecker Street Research published a report on January 17, 2024, revealing that LuxUrban had not signed a lease with the Royalton Hotel and highlighting the Company’s undisclosed legal challenges regarding unpaid rent. This revelation led to a significant drop in the Company’s stock price, first by 12% on the day the report was published, followed by a further 10% decline the subsequent day.

Further exacerbating the issue, LuxUrban announced on February 2, 2024, the cessation of discussions regarding the Royalton Hotel lease and retracted previous statements about the hotel, including those made in quarterly reports. This announcement resulted in another sharp decline in the stock price by 22% on February 5, 2024.

These events and the subsequent legal complaint underscore the allegations that LuxUrban and its Defendants failed in their duty to provide truthful and complete information to investors, significantly impacting the Company’s stock value and investor trust.