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Eagle Hospitality reports $1.54 million operating loss for May period
By Sarah Lizee
Olympia, Wash., July 14 – Eagle Hospitality Real Estate Investment Trust unit EHT US1, Inc. reported a $1.54 million operating loss on $1.66 million of operating revenue for the May period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The net loss for the period was $7.45 million.
The company listed $54.4 million of cash and cash equivalents as of May 31.
Singapore-based Eagle Hospitality owns a portfolio of corporate, leisure and airport hotels across the United States. U.S. affiliate EHT US1 filed Chapter 11 bankruptcy on Jan. 18, 2021 under case number 21-10036.
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