Los Angeles Influence Investigates — Evidence Gathered from LuxUrban's Senior Creditors Reveals Root Cause of Collapse [Yahoo! Finance]
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Source: Yahoo! Finance
Los Angeles, CA, Nov. 12, 2025 (GLOBE NEWSWIRE) -- In materials reviewed by Los Angeles Influence senior creditors of the now-bankrupt LuxUrban Hotels Inc. have identified what they describe as a significant funding shortfall related to reimbursements under a City-administered emergency housing program at Hotel 46 (129 W. 46th Street) in New York. According to creditor statements, delays or discrepancies in reimbursements connected to that program may have contributed to the liquidity challenges that preceded LuxUrban's Chapter 7 conversion on October 21, 2025 The Chapter 7 Trustee is currently pursuing claims in New York Supreme Court (Index No. 650322/2025) involving program funds tied to Hotel 46 , naming the Hotel Association of New York City (HANYC) and Key Hotels LLC among the parties. Senior creditors have expressed support for allowing the case to proceed through full adjudication, emphasizing its potential relevance to the overall recovery process. “We believe the Trus
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