UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.03. Bankruptcy or Receivership
On September 14, 2025 (the “Petition Date”), LuxUrban Hotels Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Court”). The cases are being administered under the caption LuxUrban Hotels Inc., Case No.25-12000 (collectively, the “Chapter 11 Cases”).
The Debtors intend to continue to operate their business and manage their properties as debtors-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code. The Company expects to maintain ordinary-course operations during the Chapter 11 Cases while pursuing a court-supervised process to restructure its indebtedness and obligations.
Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
The commencement of the Chapter 11 Cases constitutes an event of default under certain of the Company’s debt instruments. As a result of the Chapter 11 filing, the principal and interest due thereunder became immediately due and payable. However, any efforts to enforce such payment obligations are automatically stayed as a result of the Chapter 11 Cases, and the creditors’ rights of enforcement in respect of such obligations are subject to the applicable provisions of the Bankruptcy Code.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 18, 2025 | LUXURBAN HOTELS INC. | ||
By: | /s/ Michael James | ||
Name: | Michael James | ||
Title: | Chief Financial Officer |
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