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Published on 3/21/2023 in the Prospect News Distressed Debt Daily.

Holiday Inn Manhattan reports $342,332 net loss for February

By Sarah Lizee

Olympia, Wash., March 21 – Golden Seahorse LLC, which does business as Holiday Inn Manhattan Financial District, reported a $342,332 net loss for February on $1.87 million of gross income/sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The company had a cash balance of $2.3 million at the end of the month.

The New York-based hotel operator filed Chapter 11 bankruptcy on Nov. 28 under case number 22-11582.


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