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Holiday Inn Manhattan reports $1.03 million net profit for July
By Sarah Lizee
Olympia, Wash., Aug. 17 – Golden Seahorse LLC, which does business as Holiday Inn Manhattan Financial District, reported a $1.03 million net profit for July on $3.34 million of gross income/sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the company reported an $897,520 net profit for June on $2.94 million of gross income/sales.
The company had a cash balance of $10.1 million at the end of July, up from $8.42 million at the end of June.
The New York-based hotel operator filed Chapter 11 bankruptcy on Nov. 28, 2022 under case number 22-11582.
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