Holiday Inn Manhattan reports $812,740 net profit for March

By Sarah Lizee

Olympia, Wash., April 18 – Golden Seahorse LLC, which does business as Holiday Inn Manhattan Financial District, reported an $812,740 net profit for March on $2.94 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.

In comparison, the company reported a $342,332 net loss for February on $1.87 million of gross income/sales.

The company had a cash balance of $6.74 million at the end of March, up from $2.3 million at the end of February.

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

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