LUXURBAN HOTELS INC. LuxUrban Hotels Inc. announced that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City's Times Square: The Hotel at Times Square and Hotel46 Times Square. Each of these properties will operate under the Company's LuxUrban brand. The Hotel 46 Times Square, consisting of 79 rooms, and The Hotel at Times Square, consisting of 213 rooms, allows guests to experience New York City from the “Crossroads of the World.” Each of these properties provides easy access to Broadway, Central Park, Radio City Music Hall, Rockefeller Center, and Madison Square Garden, along with iconic restaurants, Fifth Avenue shopping, and Manhattan nightlife.
The Hotel 46 Times Square is expected to begin welcoming guests during the third quarter of 2023 and the Hotel at Times Square is expected to begin welcoming guests during the fourth quarter of 2023.
