– USA, FL – LuxUrban Hotels Inc. (Nasdaq: LUXH), a hospitality company announced the appointment of Andrew Schwartz to its Board of Directors, effective April 22, 2024, expanding the Board to seven members, of whom six are independent.
Andrew Schwartz will also join the Finance, Risk, and Investment Committee.
About Andrew Schwartz
Andrew Schwartz was a Managing Director of Silver Point Capital, an investment manager focused across multiple synergistic strategies, including real estate, direct lending, capital solutions, credit,t, and special situations. Before Silver Point, Mr. Schwartz was a Senior Managing Director holding leadership positions at Guggenheim Securities, where he was Head of Global Credit, Global Syndicat,e and Co-Head of Leveraged Finance Capital Markets. Before Guggenheim, he was a Managing Director at RBC Capital Markets in charge of Credit Distribution. Before that,t Mr. Schwartz was SVP and Head of Hedge Fund Syndicate and Emerging Markets at Lehman Brothers. Mr. Schwartz began his career in the investment banking division at Morgan Stanley.
Andrew Schwartz received his B.S. in Finance and Marketing from the University of Delaware.
About LuxUrban Hotels Inc.
LuxUrban Hotels Inc. secures long-term operating rights for entire hotels through Master Lease Agreements and rents out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is strategically building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due to a lack of available options for owners of those assets. LuxUrban’s MLA allows owners to hold onto their assets and retain their equity value while LuxUrban operates and owns the cash flows of the operating business for the life of the MLA.
For more information: https://luxurbanhotels.com/
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