LuxUrban Hotels Inc. announced the appointment of Alexander (Alex) Lombardo as an independent member of the Company?s Board of Directors, effective June 4, 2024. Mr. Lombardo has more than 20 years of experience in the areas of corporate finance and accounting, project finance, development, construction, and management for both private and public companies. He will serve on LuxUrban?s Audit and Finance, Risk and Investment Committees, as well as the Company?s recently formed Special Committee to explore potential strategic initiatives focused on maximizing shareholder value.

Mr. Lombardo is currently Vice President, Finance at Seaboard Hospitality, where he oversees the financial, accounting, risk management, and debt management areas for this developer, owner and operator of premier coastal hotels and cottages spanning the Atlantic Coast. Prior to joining Seaboard Hospitality, he served as Chief Financial Officer for: Alpine Acquisition Corporation, where he oversaw the early stages of financing and development for a family-focused hotel concept; LTD Hospitality Group, which owns and operates a portfolio of more than 20 hotels and restaurants; and Two Bit Circus, an experiential entertainment technology company. Mr. Lombardo spent 13 years at Great Wolf Resorts, a family entertainment resorts company that was acquired by Centerbridge Partners LP in 2015.

During his tenure at Great Wolf Resorts, he served as Senior Vice President of Development, where he oversaw all aspects of the company?s branded developments from initial market identification to property openings, and Senior Vice President of Finance and Treasurer, managing transactions that included the company?s IPO in 2004 and high yield corporate bond offering in 2010. Mr. Lombardo also served as VP of Finance for Interstate Hotels and Resorts Inc. Mr. Lombardo is an Advisor to merchant bank Alpine Consolidated and SaaS service provider Blockpass UK LTD. He received a BBA in International Business from James Madison University.