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LuxUrban Hotels Acquires Future Revenue Share Payment Obligations From Its Pre-IPO Investors That Will Eliminate An Estimated $87.5M In Revenue Share Payments In Exchange For A One-Time Issuance Of 6.74M Of Common Stock Subject To An Extended Lock Up

Agreement Expected to Significantly Improve Cash Position, Access to Growth Capital, Increase Margins, and Future Cash Flows Company Increases 2023 EBITDA Guidance and Initiates

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