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Urban Commons reports $916,706 net loss for June
By Sarah Lizee
Olympia, Wash., July 25 – Urban Commons 2 West LLC reported a $916,706 net loss for June on zero operating revenue, according to a monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.
The company had $832,431 in cash at the end of June.
Urban Commons is a Corona Del Mar, Calif.-based company that modernizes underperforming hotels. The company filed Chapter 11 bankruptcy on Nov. 15, 2022 under case number 22-11509.
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