Holiday Inn Manhattan reports $764,300 net profit for May

By Sarah Lizee

Olympia, Wash., June 21 – Golden Seahorse LLC, which does business as Holiday Inn Manhattan Financial District, reported a $764,300 net profit for May on $2.84 million of gross income/sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company reported a $743,902 net profit for April on $2.84 million of gross income/sales.

The company had a cash balance of $9.71 million at the end of May, up from $8.53 million at the end of April.

The New York-based hotel operator filed Chapter 11 bankruptcy on Nov. 28, 2022 under case number 22-11582.

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