LuxUrban Hotels Inc. announced the appointment of Andrew Schwartz to the Company?s Board of Directors, effective April 22, 2024. Mr. Schwartz will serve on the Company?s Finance, Risk and Investment Committee. With Mr. Schwartz?s appointment, the Company?s board expands to seven members, six of whom are independent.

Mr. 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 and special situations. Prior to Silver Point, Mr. Schwartz was a Senior Managing Director holding leadership positions at Guggenheim Securities, where he was Head of Global Credit, Global Syndicate and Co-Head of Leveraged Finance Capital Markets. Prior to Guggenheim, he was a Managing Director at RBC Capital Markets in charge of Credit Distribution.

Before that Mr. Schwartz was a Senior Vice President 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. Mr. Schwartz received his B.S. in Finance and Marketing from the University of Delaware.