Kahn Swick & Foti is initiating an investigation into LuxUrban Hotels following discrepancies surrounding a recently announced 25-year Master Lease Agreement. This matter is significant as it raises questions about the company’s contractual commitments and overall transparency in its operations.
NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into LuxUrban Hotels Inc. (OTC: LUXH). In November 2023, the Company announced the signing of a 25-year Master Lease Agreement (“MLA”) with Royalton Hotel in New York. However, on January 17, 2024, Bleeker Street Research reported that the Company had not actually signed a lea
Source: Original Press Release
