LuxUrban Hotels appoints Elan Blutinger to its Board as Independent Director

– USA, FL – LuxUrban Hotels Inc. (Nasdaq: LUXH), a hospitality company which utilizes an asset-light business model to lease entire hotels on a long-term basis in partnership with Wyndham Hotels & Resorts, today announced the appointment of Elan Blutinger to its Board as an Independent Director, succeeding Jimmie Chatmon who resigned his board position. The Board will remain at seven members, of whom five are independent.

Elan Blutinger will also join the Nominating and Corporate Governance Committee.

About Elan Blutinger

Elan Blutinger is Managing Director of Alpine Consolidated, LLC, a merchant bank he co-founded in 1996. Through Alpine, he has founded, built, and led initial public offerings for multiple public technology and travel companies in the United States and the United Kingdom. His experience includes:

  • Lead Director, and Chairman of each of the Corporate Governance Committee and Compensation Committee for Great Wolf Resorts, a family entertainment resorts company, which was acquired by Apollo Global Management in 2012;
  • Founder and Director of ResortQuest International, a provider of full-service vacation rentals in the US, which was acquired by Wyndham Hotels & Resorts in 2010;
  • Director and Chairman of the Compensation Committee for, and Chairman of the Special Committee of the Board in connection with the sale of that company to IAC/interactivecorp. in 2003; and
  • Co-Founder and Lead Director of Travel Services International, which he founded, led to a successful initial public offering, and later sold to Airtours PLC in 2000.

Elan Blutinger also served as Lead Director, Member of the Board, and Chairman of the Remuneration Committee for Online Travel Corporation PLC; Chairman of the Board and CEO of Espresoh Tech, an EU-based, software product development company, from April 2019 until the sale of the company in December 2021; and Founder and Chairman of the Board of AudioNow Holdings, a global mobile distribution platform for in-language media, from 2010 until its acquisition in 2018.

Elan Blutinger earned a BA in International Relations from the American University, an MA in Political Economy from the University of California at Berkeley, and a Juris Doctor from the American University’s Washington College of Law. He is a member of the Advisory Board of American University’s Washington College of Law and a member of the East Carolina University Advisory Board for the Study of Sustainable Tourism at ECU’s School of Business.

About LuxUrban Hotels Inc.

LuxUrban Hotels Inc. utilizes an asset-light business model to secure the long-term operating rights for entire hotels through Master Lease Agreements and rent out, on a short-term basis, hotel rooms to business and vacation travelers. The Company is aggressively 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. Through its partnership with Wyndham Hotels & Resorts, the largest hotel company in the world by rooms, LuxUrban gains several competitive advantages including joint branding for marketing, sales, and distribution, capital allocation from Wyndham for each hotel it acquires, and ongoing customer support and training across its portfolio.

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