LuxUrban Hotels appoints Michael James as chief financial officer. James succeeds Shanoop Kothari, the company’s current CEO and former acting CFO.
James has more than four decades of experience as a financial and operating executive, board member and investor to his new role. He has advised and led financial strategy and operations for companies across industries and at various stages of growth. James joined LuxUrban in February 2024 as SVP and controller.
“We are excited to welcome Mike as our new CFO and are confident that he is the right person to advance the development of a stable and sustainable financial foundation to support our long-term strategies,” Elan Blutinger, chairman of the board said in a statement. “Mike brings a wealth of relevant experience to his new role, and his appointment reflects the ongoing commitment of the Board of Directors to add executive depth and breadth across the enterprise. We expect that Mike’s familiarity with our operations while serving as senior vice president and controller will contribute to a seamless transition of responsibilities.”
James was a co-founder and director of and served as CFO for Edible Garden AG, a controlled environmental agriculture company. Since 2007 he has served as chairman, audit committee chair, and as a member of the compensation committee for Guided Therapeutics, Inc., a medical technology company.