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Holiday Inn Manhattan reports $311,455 net profit for March
By Sarah Lizee
Olympia, Wash., April 23 – Golden Seahorse LLC, which does business as Holiday Inn Manhattan Financial District, reported a $311,455 net profit for March on $2.96 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.
To compare, the company reported a $228,210 net profit for February on $2.77 million of gross income/sales.
The company had a cash balance of $16.13 million at the end of March, down from $18.06 million at the end of February.
The New York-based hotel operator filed Chapter 11 bankruptcy on Nov. 28, 2022 under case number 22-11582.
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