Wardman Hotel Owner reports $383,548 net loss for July period

By Sarah Lizee

Olympia, Wash., Sept. 27 – Wardman Hotel Owner, LLC reported a $383,547.66 net loss on zero net revenue for the July period, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $969,471 net profit on $1.51 million of net revenue for the June period.

The company listed $1.52 million of unrestricted cash and equivalents at the end of July, compared to $2.37 million at the end of June.

Washington, D.C.-based Wardman Hotel is the owner of a convention hotel, formerly operated as the Washington Marriott Wardman Park Hotel. The company filed Chapter 11 bankruptcy on Jan. 11, 2021 under case number 21-10023.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.