LuxUrban Hotels is facing liquidation, capping off its failed bid to build a boutique empire in New York. The short-term hotel operator’s Chapter 11 case was converted to Chapter 7 last week after federal officials accused company leadership of “gross negligence” and mismanagement, according to Bisnow. The move hands control of the firm to an independent trustee, marking a rare and rapid collapse for a company that once claimed it could compete with hospitality heavyweights like Marri...
